AMG Advanced Metallurgical Group NV has announced the acquisition of 100% of the limited liability company interests of KB Alloys LLC from CHS Capital LLC for USD 23.5 million in cash.

KBA is a North America based producer of aluminum master alloys and grain refiners.

AMG, through its Advanced Materials division subsidiary London & Scandinavian Metallurgical Company Limited provides aluminum master alloys, grain refiners and aluminum powder technologies in Europe and South America. The subsidiary has production sites in the United Kingdom and Brazil. KBA operates similar operations in Kentucky and Washington. Additionally both companies have complementary operations in China.

According to AMG, combining the two companies will establish AMG as the world's largest producer of master alloys for the aluminum industry.

Mr Heinz Schimmelbusch CEO of AMG said that this acquisition is a perfect example of industry consolidation improving the service to our customers on a truly global basis, enabling the economies of scale critical to our long term strategy.

Mr Rick Malliris CEO of KBA said that the combination of KBA and AMG will create the world's largest provider of value added aluminum master alloys with the technical and operational expertise required to serve the global aluminum industry.

(Sourced from www.recyclingtoday.com)