AIP acquires a Belgian aluminum rolling mill
The history of Aluminum Duffel dates back to 1946, when the Feron family founded the aluminum rolling mill. Today they are a European leader in the manufacture of aluminum rolled products for various industries around the world, including architecture and design and ABS (automotive body sheet). The company’s ambition is to be a leading sustainable rolling mill that offers low carbon aluminum products to its customers.
Geert Vannuffelen, General Manager of the Duffel plant, said: “Today marks an important milestone in the history of our company. We look forward to moving under the new ownership of AIP, who is committed to a sustainable future for our business. We are confident of good cooperation between both parties and are positive about the first steps AIP has taken to further invest in our business, which demonstrates their commitment to reaching the full potential of our plant.
AIP intends to continue to operate Aluminum Duffel with the existing local management team and does not anticipate any disruption to normal business operations, including for customers, suppliers and employees. AIP expects to provide additional capital to support the business in the future so that it can successfully execute its business plan, including for working capital, continued employment and important capital investments.