Conditional approval for acquisition of Real Alloy Europe

Conditional approval for acquisition of Real Alloy Europe

Grevenbroich, October 20, 2022: Speira has received approval from the European Commission to acquire Real Alloy Europe. The approval is conditional on full compliance with commitments offered by KPS and Speira.

Speira has committed to divest a standalone business consisting of Real Alloy’s facilities in Sainte-Menehould, France, and Swansea, United Kingdom.

“This is an important milestone on our path to further decarbonize our products. The acquisition will enhance our ability to utilize recycled metal in our production and deliver high-quality, low carbon rolled aluminium products to our customers,” says Einar Glomnes, CEO of Speira. “I want to thank the European Commission for the approval and the trustful cooperation throughout the process.”

About Speira

Speira is a leading aluminium rolling and recycling company, producing approximately one million tonnes per year of aluminium rolled products. Speira operates seven manufacturing facilities and an R&D center across Germany and Norway, including its joint venture Alunorf, the world’s largest aluminium rolling mill, and Grevenbroich, the world’s largest rolled aluminium finishing mill. Speira has approximately 5,000 employees. Speira is proud to serve some of the most well-known companies in the global automotive, packaging, printing, engineering, building and construction industries. Speira is headquartered in Grevenbroich, Germany. For more information about Speira, please visit www.speira.com.

For more information, contact

Moritz Hansen

Speira Head of Communication & Marketing

M: +49 (0) 173 102 40 97

E: moritz.hansen@speira.com