EGA acquires majority stake in Spectro Alloys

The Spectro Alloys team is thrilled to announce Emirates Global Aluminium (EGA) has completed its acquisition of a majority stake in our company. Based in the United Arab Emirates, EGA is the largest ‘premium aluminum’ producer in the world, and it acquired 80 percent of Spectro Alloys.

With this investment, our team in Minnesota can continue our growth and accelerate our capabilities to recycle more aluminum for customers in the United States.

Luke Palen, President of Spectro Alloys, said: “Becoming part of EGA is an exciting new chapter in Spectro Alloys’ five decades-long journey. EGA’s global resources and strength in marketing aluminum in the United States will accelerate Spectro’s growth.  We are now well-positioned to develop even further as a leading recycling company, serving our customers even better, creating more job opportunities for people in Minnesota, and contributing to the production of aluminium products that are both environmentally responsible and made in America.”

To learn more, visit the EGA website.