Hindalco Industries Limited has informed the Exchange about Acquisition of AluChem Companies, Inc. by Aditya Holdings LLC a step-down wholly owned subsidiary
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Hindalco Industries, through its step-down wholly owned subsidiary Aditya Holdings LLC, has signed a definitive agreement to acquire 100% stake in US-based AluChem Companies, Inc. for an enterprise value of USD 125 million in cash. AluChem is a specialty alumina manufacturer with three plants in Ohio and Arkansas, 60,000 tons of annual capacity, and a CY2024 turnover of around $66.4 million. This marks Hindalco's first entry into low soda Tabular Alumina and strengthens its North American footprint in high-value alumina products used in semiconductors, electric mobility, and precision ceramics. The deal is expected to close within 2–4 months, subject to US regulatory approvals, and is not a related party transaction.
Positive for shareholders — this acquisition expands Hindalco's specialty alumina portfolio, a high-margin business growing at double digits, and supports its plan to scale specialty alumina capacity from 500KT to 1 million tons by FY30. The deal is small relative to Hindalco's ~USD 28 billion size, so financial impact is limited, but it strengthens the long-term value-added growth story.