[SMM Aluminum Flash News] MBK Completes Acquisition of Japan’s Aluminum Packaging Producer Altemira

Published: Jun 9, 2026 14:28

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MBK Partners has completed its acquisition of Japanese aluminum packaging producer Altemira Holdings from Apollo Global Management in a deal valued at approximately JPY130 billion (USD811 million). The transaction cleared Japan’s economic security review despite Altemira’s exposure to lithium-ion battery materials. Formed in 2022 through the integration of aluminum businesses from Resonac Holdings and Mitsubishi Materials, Altemira produces aluminum cans, foil, rolled and extruded products while operating a comprehensive recycling network. Industry observers noted that the deal faced fewer national security concerns than MBK’s previously withdrawn bid for Makino Milling Machine. MBK plans to leverage Altemira’s manufacturing and recycling assets in Japan and Vietnam to expand across Asia and grow higher-value industrial aluminum products.

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