KPS Capital Partners completed the acquisition of the aluminium rolling business from Norsk Hydro for €1.38bn.

KPS Capital Partners, an American investment company, ompleted the acquisition of aluminium rolling business from Norsk Hydro, a Norwegian aluminium and renewable energy company, for €1.38bn. "The size and global scale of the Rolling business, the quality of its assets, coupled with the breadth of its products and technology capabilities, form the foundation of a tremendous investment platform. KPS Partner Kyle Mumford will lead a KPS team who will work closely with the Company's management team to accelerate growth opportunities driven by substantial investment in the Company's assets and operations. Our focus will be on innovation and new product development," Michael Psaros, KPS Co-Founder and Co-Managing Partner.