Acquisitions and divestments

Aluminium Konin

In November 2019, Gränges signed an agreement to acquire the Polish flat rolled aluminium producer Aluminium Konin. 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 be a wholly owned subsidiary of Gränges AB.

The transaction is subject to regulatory approval by the relevant competition authorities and closing is expected in the second quarter of 2020. 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 ›

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 ›