Marumae Co., Ltd., a key producer of aluminium products like slabs, alloys, billets and high-purity aluminium ingots, has successfully acquired 100 per cent shares of Japan-based company KM Aluminium Co. Ltd. The acquisition agreement, initially signed on March 4, 2025, is coming into effect on April 8 with the commencement of share transfer process.
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Marumae shall purchase a total of 13,062,703 shares with 130,627 of voting rights.
Why did Marumae take over KM Aluminium?
Marumae plans to secure a growth trajectory for its business in the semiconductor sector, and this acquisition will give it the perfect opportunity to tap into this field because KM Aluminium Co. deals in manufacturing and selling ultra-high purity aluminium products for aluminium electrolytic capacitors, anodised aluminium products, forged materials and semiconductor sputtering targets.
In-house, KM Aluminium melts scrap and ingots with 99.99 per cent purity. Additionally, the company has advanced refining technology with a high market share.
This deal will also enable Marumae to strengthen its market positioning with higher operational capabilities within the aluminium manufacturing sector.
More about KM Aluminium
The organisation’s anodised products feature surface treatment, which has direct use in different parts of semiconductor manufacturing etching equipment and is also highly rated by the customers. This aids the company in increasing its capacity to generate high growth within the market, making it profitable for the acquiring company. The forgings section of the acquired company provides a gain as it reduces the customer’s cost due to features like corrosion resistance even without incorporating any surface treatment.
Back to the deal
The counterparties directly involved in this acquisition are Japan Industrial No. 4 Investment Limited Partnership, Manaslu Fund II, L.P., Shepherds Hill Fund II, L.P., Sonora Fund II, L.P. and four directors of KM Aluminium Co.
The total estimated acquisition costs to be incurred by the acquiring company is JPY 9,090 million (USD 60.2 million). The breakdown of the total amount: common shares of KM Aluminium Co., Ltd., at JPY 9,000 million (59.6 million) and additional advisory fees and other miscellaneous (estimated) is JPY 90 million (USD 596,026.49).
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