AMG Advanced Metallurgical Group N.V. (AMS:AMG) reports that the company has acquired entire LLC interests of KB Alloys, LLC from CHS Capital LLC for $23.5 million in cash.
The press release is quoted as saying:
AMG, through its Advanced Materials division subsidiary London & Scandinavian Metallurgical Co Limited, is the market leader in Europe and South America for aluminium master alloys, grain refiners and aluminium powder technologies with production sites in the United Kingdom and Brazil. KBA is the market leader in North America for the same products with production sites in Kentucky and Washington, USA. Both companies have complimentary operations in China located in Jiangsu and Jiaxing provinces.