UMS Group acquires Alteo
UMS, leader in extraction, transport and mining logistics in West Africa, announced the takeover of Alteo, the French producer of specialty aluminas.
UMS, leader in extraction, transport and mining logistics in West Africa, announced on January 8th the takeover of Alteo, the French producer of specialty aluminas. The acquisition will enable Alteo to strengthen its financial position, to consider further expansion and to ensure a world leading position over the long term.
UMS is an experienced, sound and socially responsible industrial group. The industrial project linked to the takeover of Alteo will enable to develop a best-in-class company, to increase its production capacity of high value-added products, to develop its customer portfolio and to strengthen its R&D capabilities.
“With the support of all stakeholders, we are determined to make Alteo a leading company in specialty aluminas”, Alain Moscatello, Director of UMS said. “We are strongly committed to implement this strategic project which gives Alteo the necessary means to ensure an environmentally-friendly sustainable development”.
Strengthened by 125 years’ experience in the alumina industry, Alteo supplies more than 1,000 different plants worldwide, including the major world ceramic and refractory manufacturers.