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Announced

Apollo-backed Showa Aluminum to acquire the aluminum rolled & extruded products business from Mitsubishi Materials.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private Equity

aluminium

Aluminium

Japan

Acquisition

Private

Majority

Cross Border

Pending

Friendly

Synopsis

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Apollo-backed Showa Aluminum, an aluminum beverage packaging provider, agreed to acquire the aluminum rolled & extruded products business from Mitsubishi Materials, a manufacturer of cement products, copper and aluminum products. Financial terms are not disclosed. “This transaction will bring together two highly complementary businesses, each with a proud heritage of providing high-quality aluminum products to a variety of end-markets and customers. We are also pleased to have worked with Mitsubishi Materials to structure a carve-out that meets their business portfolio transformation needs," Tetsuji Okamoto, Apollo Partner.

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