Apollo Global Management to acquire the Aluminum Can and Aluminum Rolling Businesses of Showa Denko.

Private equity firm Apollo Global Management agreed to acquire the Aluminum Can and Aluminum Rolling Businesses of Showa Denko, a producer of functional chemicals and industrial materials. Financial terms were not disclosed. "Showa Denko’s Aluminum Cans and Aluminum Rolling Businesses have established positions in the Japan market, where we expect to see increased demand for their products, and are well positioned to capture significant growth in the greater Asia region as well. We are excited to leverage our experience and resources to support the Business and its management team in this next phase of growth," Tetsuji Okamoto, Apollo Partner and Head of Japan.