AMG Advanced Metallurgical Group N.V. acquired 100% of the LLC interests of KB Alloys, LLC for $23.5 million. KBA produces aluminum master alloys and grain refiners and has production sites in Kentucky and Washington. AMG, through its Advanced Materials division subsidiary London & Scandinavian Metallurgical Co. Ltd., is a market leader in Europe and South America for aluminum master alloys, grain refiners and aluminum powder technologies with production sites in the U.K. and Brazil.
Both companies have complementary operations in China located in Jiangsu and Jiaxing provinces. The combination of KBA with AMG's aluminum master alloys businesses establishes AMG as one of the world's largest producers of master alloys for the aluminum industry. Master alloys are a combination of elements – such as titanium, boron, chromium, manganese, copper and strontium – used to enhance aluminum's mechanical and physical properties as well as maintain uniform casting structures.