Hindalco Industries, an Indian aluminum manufacturer under the Aditya Birla Group, announced its acquisition of a 100% equity stake in US-based AluChem Companies, Inc., a specialty alumina manufacturer, for an enterprise value of US$125 million. The acquisition will be completed via Hindalco's wholly owned subsidiary, Aditya Holdings LLC.

This strategic acquisition will support Hindalco's high-value materials portfolio and its growing specialty alumina business.

AluChem's three manufacturing facilities in Ohio and Arkansas add 60,000 tons of annual capacity, providing access to advanced materials like ultra-low soda calcined and tabular alumina. These materials are used in cutting-edge applica-tions in electric mobility, semiconductors, and precision ceramics.

The deal is expected to close next quarter, subject to related approvals.

Hindalco aims to expand its specialty alumina capacity to 1 million tons from the current 500,000 tons by the fiscal year 2030.