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Aluminum leader Alvance acquires rolling mill in Flanders

Headquartered in Paris (France), Alvance is the aluminum division of the GFG Alliance led by British-Indian businessman Sanjeev Gupta. The multinational aluminum leader has completed the acquisition of the 1,000-strong rolling mill facility of its industry peer Aleris in Duffel, a municipality in Flanders’ province of Antwerp.

Growth prospects

In addition to the site in Duffel, Flanders, Gupta’s GFG Alliance also previously acquired an aluminum smelter in Dunkirk, France. The corporate group states that the two branches can benefit from mutual synergies to boost growth at the Duffel facility, which can roll out the metal melted in Dunkirk.

The Duffel plant will also play a role in the recycling of waste and scrap products. Duffel already recycles a large part of its own scrap and will expand these activities in collaboration with customers and other companies in the GFG Alliance group.

Highly skilled

When commenting on the acquisition, GFG Alliance mainly highlights the Flanders site’s potential and the talent of its workforce:

The Duffel site in Flanders is a first-class player with highly skilled employees. As a market leader in the production of bodywork parts, it has the potential to expand its capacity and broaden its offering to its customers. We see that potential and want to contribute to it.

British-Indian investor Sanjeev Gupta (GFG Alliance)

More info

Alvance
Reported by
newspaper Gazet van Antwerpen, newspaper De Standaard
13 November 2020

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