Aluminium producer UC Rusal has agreed to acquire the business and assets of Aluminium Rheinfelden GmbH out of insolvency, it said on Thursday February 11.
Aluminium Rheinfelden is one of Germany's main manufacturers of aluminium alloys, semis and carbon-based components, and is a major supplier to the global automotive industry.The acquisition comes after the Germany-based aluminium products producer applied for protective shield proceedings in September 2020 to protect the company from going bankrupt.
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