Acquisitions and divestments

Aluminium Konin

Gränges acquired the Polish flat rolled aluminium producer Aluminium Konin on November 6 2020. The acquisition strengthens Gränges’ product offering and presence in Europe and contributes with strong positions in new attractive niche markets. Aluminium Konin adds new capabilities and capacity to expand Gränges’ offering for future transportation solutions, such as electric vehicles, and contributes to a stronger position in growing markets. The acquisition is a good strategic fit for Gränges and enhances the company’s platform for sustainable profitable growth. The acquired business will change the name to Gränges Konin and be a part of the Gränges Europe organization.

Gränges completes the acquisition of Aluminium Konin and finalizes issue in kind. Read more ›

GETEK GmbH

In October 2017, Gränges invested in a production company – GETEK GmbH – together with Erbslöh Aluminium GmbH to produce aluminium billets utilizing advanced spray-forming technology. For Gränges the investment provides opportunities to expand within Active brazing with products such as TRILLIUM®, an innovative technology that enhances the production and performance of brazed aluminium heat exchangers. Read more ›

In September 2020, Gränges signed an agreement to acquire remaining 49 per cent of GETEK GmbH and the business Dispal®. Read more ›

Gränges completes acquisition of GETEK GmbH and creates the new business unit Gränges Powder Metallurgy.
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Noranda

In August 2016, Gränges acquired Noranda’s rolled aluminium operations in the US. The acquisition, which meant that Gränges’ more than doubled its sales volume, is strategically important and in line with Gränges’ target of being market leading in all geographical regions by 2020. Noranda’s operations represent a good complement to Gränges’ current business, and strengthens the position in the Americas and globally, which creates excellent opportunities for continued profitable growth. Read more ›