Atlas Holdings launches Aludium with acquisition of Alcoa’s rolling mills in Spain, France

Atlas Holdings LLC, Greenwich, Conn., has launched Aludium, its newest operating company, with the acquisition of rolling mills in Spain and France from Alcoa, a provider of lightweight metals technology, engineering, and manufacturing. Included in the transaction are mills located in Amorebieta and Alicante, Spain, and Castelsarrasin, France, as well as the Cindal R&D facility in Alicante.

Aludium produces engineered products for sectors including building and construction, brights and decoration, and closures and cosmetics. The company will maintain its existing focus on these core markets.

“Our objective is to become Europe’s premier supplier of aluminum sheets, shapes, and coils and to provide a platform for growth, stability, and enduring relationships with our customers,” stated Manuel Ruano, Aludium’s president and COO and former operations director – Europe for Alcoa’s European rolling mills.

Aludium is led by CEO Arnaud de Weert, who previously served as president of Novelis Europe and COO of Constellium.