backKing & Spalding is representing Aditya Birla Group (“ABG”), which has entered into a definitive agreement to acquire AluChem Companies Inc. (“AluChem”) through ABG’s existing platform, Hindalco Industries Limited (“Hindalco”), for an enterprise value of $125 million. The deal is expected to close in the upcoming quarter.
AluChem is a North America-based specialty alumina producer with over 45 years of legacy in delivering high-performance alumina for industrial applications. Its product range includes calcined, reactive, and tabular aluminas used in demanding environments such as refractories, ceramics, and electronics. The company operates three facilities across Ohio and Arkansas.
Hindalco is the metals flagship of ABG. A USD 28 billion metals powerhouse, it is the world’s largest aluminium company by revenue and a major global player in copper and specialty alumina. With operations across 10 countries and 52 manufacturing locations, Hindalco is a fully integrated player — from mining to finished products — and a global leader in flat-rolled aluminium products through its subsidiary Novelis. It is also India’s largest producer of copper.
The King & Spalding M&A team representing Hindalco on the transaction includes Rahul Patel, John Hyman, Baylie Evans, Eric Nyman, Austin Whan and Jessi Bartholomew. The benefits team includes Sam Choy and Nell Schiller; the Antitrust team includes Jeffrey Spigel, Salomé Cisnal de Ugarte and Brian Meiners; the CFIUS team includes Philip Ludvigson and Adam Harper; the Environmental team includes Les Oakes; the Insurance team includes Jack Fontham; the International Trade/Export Controls team includes Michael Taylor, Christine Savage, Aaron Stephens and Christopher Hyner; the IP team includes Scott Petty and Laura Huffman; the Labor team includes Jesse Pauker, Sydney Lampard and Matthew Krimski; the Litigation team includes Carmen Toledo; the Real Estate team includes Josh Kamin and Kate Timmons; and the Tax team includes John Sweet and John Green.
For more information, please see the press release announcing the transaction by clicking here.