Stibbe advises managing director on the acquisition of Aldel

NL Law

Stibbe advises the current managing director Chris McNamee on the acquisition of Aldel from investment firm York Capital Management.

Aldel is an aluminium plant based in Delfzijl that concentrates on the production and trading of aluminium and aluminium products.

The acquisition by Chris McNamee is backed by Swiss trading company Glencore International which is also one of Aldels’ biggest off takers. Preceding the acquisition the Aldel debt was restructured. With the acquisition gives Aldel breathing space in the short term and saves jobs.

Click here for the article in the Dutch Financial Times (FD) and here for the NOS article.