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Hindalco Industries has acquired 100 per cent equity stake in US-based specialty alumina manufacturer AluChem Companies for $125 million. The acquisition is being executed through its stepdown wholly owned subsidiary, Aditya Holdings. The deal represents a major investment in specialty alumina and is seen as a key move towards scaling Hindalco鈥檚 high-value, technology-led materials portfolio.

The acquisition aligns with Hindalco鈥檚 global strategy to strengthen its position in value-added, high-tech materials and is expected to accelerate the development of sustainable, future-ready solutions while unlocking new growth opportunities in advanced sectors.

The deal is set to enhance Hindalco鈥檚 presence in North America, as AluChem operates three advanced manufacturing facilities in Ohio and Arkansas with a combined annual capacity of 60,000 tons. The acquisition is also expected to help the company tap into growing applications of specialty alumina in emerging sectors such as electric mobility and semiconductors.

With alumina gaining importance in critical and clean-tech industries, the advanced chemistry capabilities of AluChem are anticipated to significantly boost Hindalco鈥檚 ability to cater to these rapidly evolving markets.

News source: Money Control