KPS Capital to Acquire Aluminum Rolling Business From Norsk Hydro in $1.67 Billion Transaction

Paul, Weiss is advising KPS Capital Partners, LP in its approximately $1.67 billion acquisition of the global aluminum rolling business from Norsk Hydro ASA. The company is one of the largest global manufacturers of aluminum rolled products, serving customers across a diversified set of end markets, including beverage can, automotive, foil packaging, and building and construction. The transaction is expected to close mid-year 2021, subject to customary closing conditions and approvals.

The Paul, Weiss team includes, among others, corporate partners Manuel Frey, David Carmona and Angelo Bonvino and counsel Mikhel Schecter; tax partner David Mayo; and litigation counsel Peter Jaffe and Rachel Fiorill.