Livingstone Advises on the Acquisition of Aludium by Jupiter Aluminum Corporation

Livingstone has advised Jupiter Aluminum Corporation (JAC) on the acquisition of Aludium, a portfolio company of Atlas Holdings. This transaction consolidates Jupiter´s position as a European leader in rolled and recycled aluminum products, whilst Jupiter´s long term, industrial vision will allow Aludium to continue its development and focus even more on product innovation, service, and low-carbon recycling. The financial terms of the transaction have not been disclosed.

JAC is a US-based group with more than 30 years of history in the manufacture of aluminum rolled products. Jupiter manufactures rolled products from 100% recycled aluminum, primarily for the construction market. It currently has three recycling centers, rolling mills and paint lines in the United States and three other facilities in Spain. In December 2018, Livingstone also advised JAC Livingstone on its acquisition of Grupo Baux.

“With this acquisition, Jupiter Aluminum continues its goal to expand in Europe. Aludium’s extended capabilities and expertise represent an excellent opportunity to complement our existing operations and product offering in the market”, said Paul-Henri Chevalier, CEO of JAC. He added, “From the very beginning we had no hesitation in hiring Livingstone as advisors. They have done an outstanding job in negotiating the terms and conditions of the transaction and in securing financing in a challenging market. They seamlessly navigated a highly complex transaction through quality teamwork and extensive knowledge of the sector”.

Following the closing of this transaction, Aludium will continue to focus on recycling, product innovation, strong customer relationships and close collaboration with its suppliers. “Aludium is well positioned following its successful partnership with Atlas Holdings, which has laid the foundation for a strong future with Jupiter Aluminum. We will continue to focus on delivering excellent products and services to our customers, while combining our mutual industry expertise to deploy our strategic low-carbon agenda”, said Lionel Chapis, CEO of Aludium.

“It has been a pleasure to work with Paul-Henri and Bill again, advising them on the Aludium acquisition process. The transaction represents a natural extension in their business following their previous acquisition of Grupo Baux in 2018. We would also like to highlight the cooperation and expertise of the entire Aludium and Baux management teams. Their strong leadership has been a key asset throughout the entire process, and we wish them every success in their future together”, said Neil Collen, Managing Partner at Livingstone.

BDO, Hogan Lovells, and ERM rounded out the buy-side advisory team.