Hindalco Calls Off $125 Million AluChem Acquisition Amid Delays
What Happened
Hindalco Industries has scrapped its proposed $125 million acquisition of US-based AluChem Companies Inc. after both companies mutually agreed to terminate the deal due to extended closing delays beyond either party's control. The acquisition, announced in June 2025, involved buying AluChem's specialty calcined and tabular alumina business through Aditya Holdings LLC, a wholly owned subsidiary of Hindalco.
Key Takeaways
While the AluChem transaction has fallen through, Hindalco said its strategy to expand its specialty alumina business remains unchanged. The company will continue pursuing high-value, technology-led growth opportunities, including in the US market.