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

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.