MBK Partners, an Asia-based private equity firm, has acquired ALTEMIRA Holdings Co. from funds managed by affiliates of Apollo.
MBKP cited ALTEMIRA’s manufacturing capabilities, established position in aluminum packaging and growth potential in circular aluminum recycling as key investment drivers. ALTEMIRA was formed in April 2022 through the combination of the aluminum can and foil business formerly operated by Resonac Holdings Corp. (previously Showa Denko) and the aluminum can and rolled and extruded products business of Mitsubishi Materials Corp. The company manufactures aluminum cans, aluminum foil, and rolled and extruded aluminum products, serving customers across Japan and broader Asia.