Georgian American Alloys Announces Georgian Manganese Acquisition

Georgian American Alloys, Inc.  announced that they have acquired a 100 percent interest in Georgian Manganese, LLC.

As quoted in the press release:

GAA’s strategic acquisition of GM establishes the Company’s growing network of complementary ferroalloy businesses, which includes Felman Production, LLC, Felman Trading, Inc. and CC Metals & Alloys, LLC. GAA has previously provided management oversight of GM, and this history gives GAA the intimate knowledge necessary to ensure a seamless integration of GM into its portfolio.

GAA’s CEO, Mordechai Korf, said:

The rare combination of a mine, refining facility and power plant creates a number of unique competitive advantages and cost synergies. Furthermore, the addition of GM solidifies GAA’s international presence and capabilities, and strengthens the relationship the US enjoys with Georgia.

To view the whole press release, click here.