Michael and team advised the shareholders of Jupiter Aluminum Corporation (“Jupiter”), a U.S. aluminum mill operator, on the acquisition of Spanish-based aluminum producer Grupo Valenciana de Aluminio Baux (“Baux”), including subsidiaries Bancolor Baux, SLU and Compañía Valenciana de Aluminio Baux, SLU.
Founded in 1992 and based in Hammond, IN, Jupiter operates an aluminum mill, recycling aluminum scrap into coils used in the building products, agricultural, automotive, and distribution markets. In addition to installing emission-control systems in each furnace used to melt scrap, Jupiter developed its own oxy-fuel technology to further reduce its emissions, bringing the company’s operating and environmental efficiencies to best-in-class industry standards.
Headquartered in Paterna, Spain, Baux is one of Europe’s top five smelting, rolling, and coil manufacturers in the aluminum flat-rolled products industry. Baux delivers premium-quality products in highly competitive timeframes to customers in 12 countries on three continents. With a workforce of 330 people in four locations, Baux generates annual revenue in excess of $141 million.
The strong strategic fit between the two companies includes complementary equipment, end markets, and dedication to customer service. The acquisition advances Jupiter’s international growth initiatives, pushing into new markets with value-added capabilities, products, and expertise.
Note: This work was performed prior to joining Stout.