MBK Partners buys ALTEMIRA from Apollo Global Management
Formed in 2022 from Showa Denko and Mitsubishi Materials assets, the company serves beverage-can markets with a closed-loop aluminum recycling ecosystem.
Funds managed by Apollo Global Management completed the sale of ALTEMIRA Holdings Co., Ltd., a vertically integrated aluminum packaging and recycling company, to funds managed by MBK Partners.
The pan-Asian business spans used beverage can collection, processing, slab casting, rolling into coils and fabrication into beverage cans.
ALTEMIRA was established in April 2022 through the combination of the aluminum can and foil business formerly operated by Showa Denko K.K., now Resonac Holdings Corporation, and the aluminum can and rolled and extruded products business of Mitsubishi Materials Corporation.
Terms were not disclosed.