Apollo completed the acquisition of Arconic for $5.2bn.

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.