Aloft Holdings completed the acquisition of Aldel from York Capital.

Aloft Holdings, a Swiss metals company, completed the acquisition of Aldel, an aluminum producer, from York Capital, an alternative investment firm. Financial terms were not disclosed. “This is a great opportunity to build on what we have done so far to re-establish Aldel as a leading player in green aluminium, and a major contributor to employment and economic growth in the region. We have a great team in place, a strong balance sheet and an ownership structure that can support our long-term vision. It is now up to us, with the support of our people and our community, to seize that opportunity to create something that we can be proud of. We believe Europe more than ever needs a strong efficient and green manufacturing base and that, as an independent producer of aluminium, we have an important part to play in this transition,” Chris McNamee, Aloft CEO.