1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. Australia >
  5. Alcoa Acquires Alumina

M&A Deal Summary

Alcoa Acquires Alumina

On March 11, 2024, Alcoa acquired metals/mining company Alumina for 2.2B USD

Acquisition Highlights
  • This is Alcoa’s 11th transaction in the Metals/Mining sector.
  • This is Alcoa’s 4th largest (disclosed) transaction.
  • This is Alcoa’s 1st transaction in Australia.

M&A Deal Summary
Date 2024-03-11
Target Alumina
Sector Metals/Mining
Buyer(s) Alcoa
Deal Type Add-on Acquisition
Deal Value 2.2B USD

Target

Alumina

Southbank, Australia
Alumina engages in bauxite mining, alumina refining, and aluminum smelting businesses. It has a network of bauxite mines and alumina refineries in Australia, Guinea, Brazil, Spain, and Saudi Arabia; and holds a 55% interest in the Portland aluminum smelter in Victoria, Australia. Alumina was founded in 1970 and is based in Southbank, Australia.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Alcoa

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1886
Sector Metals/Mining
Employees13,900
Revenue 11.9B USD (2024)
DESCRIPTION

Alcoa is a lightweight metals engineering and manufacturing company. Alcoa’s multi-material products, which include aluminum, titanium, and nickel, are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. Alcoa was founded in 1886 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 24 of 24
Sector: Metals/Mining M&A 11 of 11
Type: Add-on Acquisition M&A Deals 18 of 18
Country: Australia M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Alcoa Warrick

Evansville, Indiana, United States

Alcoa Warrick LLC is an aluminum packaging facility that has shipped over 675 million pounds of aluminum, of which approximately 60% were high-margin coated packaging products in the last twelve months. The facility includes casting, significant hot and cold rolling capacity, and a range of finishing and coating lines, representing significant replacement value.

Sell $670M
Mergr

Solution for

Product

Company

Legal