Announced
Completed
Financials
Tags
Diversified Industrials
lightweight metals
United States
Private Equity
Public
Majority
Friendly
Single Bidder
Acquisition
Domestic
Completed
Synopsis
Apollo, a global alternative asset manager, completed the acquisition of Arconic, a provider of aluminum sheet, plate, and extrusions, for $5.2bn. “We are pleased to complete this acquisition and look forward to leveraging our extensive experience in the aluminum fabrication sector to support the entire Arconic team as a portfolio company of Apollo Funds. We believe Arconic’s world-class manufacturing capabilities, metallurgical expertise and talented team position it for continued momentum and success in this next chapter of the Company’s evolution,”Apollo Partners Gareth Turner and Itai Wallach.
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