AMAG Austria Metall AG agreed to acquire remaining 30% stake in Aircraft Philipp Übersee GmbH & Co. KG.
December 14, 2021
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AMAG Austria Metall AG (WBAG:AMAG) agreed to acquire remaining 30% stake in Aircraft Philipp Übersee GmbH & Co. KG on December 15, 2021. With the takeover complete, the company name will also change to AMAG components.
AMAG Austria Metall AG (WBAG:AMAG) completed the acquisition of remaining 30% stake in Aircraft Philipp Übersee GmbH & Co. KG on December 15, 2021.
AMAG Austria Metall AG is an Austria-based holding group company. It manages its business through four operating divisions Metal, Casting, Rolling and Service. The Metal Division includes the 20 % interest held in the Alouette smelter, and is responsible within the AMAG Group for the production of primary aluminium, the control of metal flows, the hedging of AMAGâs operating companies against aluminium price risk and the marketing of primary aluminium. Casting Division recycles aluminium scrap in order to produce high-quality casthouse alloys. Its product portfolio covers aluminium materials tailored to customer requirements in the form of ingots, sows and liquid aluminium. Rolling Division is responsible for the production and sale of rolled products (sheets, coils and plates), as well as precision and rolled plates. The rolling mill specialises in premium products for selected markets. Service Divisionâs portfolio includes facility management (building and area management).