Hydro's rolling mill in Cisterna di Latina produces rolled aluminum products, mainly standard strips and sheets, as well as unprinted foils. Under the agreement, Rolling Mills International GmbH acquires 100 percent of the shares in Hydro Aluminum Slim S.p.A. Rolling Mills International GmbH is controlled by Quantum Capital Partners AG, an investment company based in Munich.
The transaction is expected to close by the end of 2015.
Hydro Aluminum Slim S.p.A has around 430 employees and the production capacity is around 92,000 tons of rolled products per year. The plant was built in 1964 and came to Hydro in 2002 through the takeover of VAW Aluminum AG.