New CEO Appointment for Almatis

12/04/2015 Download PDF

Effective December 1, 2015, the Board of Atterbury S.A., a subsidiary of OYAK, appointed Henning Stams as the new Chief Executive Officer (CEO) of the Almatis Group. 

Mr. Stams succeeds Taco Gerbranda who has been appointed to the position of Advisor to the Board of Atterbury S.A., which will benefit from his vast corporate and Almatis experience.  Dinç Kızıldemir, Chairman of Almatis, and an Executive Vice President of OYAK commented: “We would like to thank Taco for his successful management and leadership of Almatis over the last years and especially during the process of the acquisition by OYAK.”

Prior to his appointment as CEO, Henning Stams was Almatis’ Vice President of Supply Chain and IT and served as a member of the Group’s Executive Committee from 2009.  He joined Almatis in 2004 as Chief Information Officer, with the primary responsibility for overseeing the carve-out of Almatis from Alcoa.  Previously he held a variety of different management and consultancy positions. Mr. Stams holds a Master’s Degree in Science from the University of Cologne and also serves as a judge at the Regional Court of Frankfurt.

Henning Stams stated “Our industry is currently facing challenging global market conditions.  My top priority will be to ensure that Almatis continues to be a reliable, competitive, value-adding and hence preferred solution and supply partner.  Through leveraging our strong technological knowledge, we shall further focus on offering best-fit solutions to our customers.”

About Almatis

With more than 100 years of alumina expertise, Almatis is the world leader in the development, manufacture and supply of premium alumina and alumina-based products. As a fully integrated, global alumina producer, Almatis serves its customers with 1,150 employees from sixteen strategically located sales, research and manufacturing sites. Almatis offers the most comprehensive alumina product portfolio in the industry, including: tabular aluminas, calcined and reactive aluminas, polishing aluminas, calcium aluminate cements, brown sintered alumina, spinels and others. Across our core markets—refractories, ceramics and polishing - our products are used in a wide variety of industries including iron and steel, cement, non-ferrous metal, ceramic, automotive, polishing and electronics.  Previously part of Alcoa, Almatis is owned since September 2015 by OYAK, the first and largest private pension fund in Turkey.

About OYAK

OYAK is the first and largest private pension fund in Turkey and a leading holding group with strategic investments in profitable and growth sectors. OYAK has c. 290,000 members and a workforce of approximately 28,000 employees. Through the ownership of Erdemir, OYAK is the largest steel producer in terms of capacity in Turkey and third largest in Europe. OYAK is one of the largest players in construction materials in Turkey and leads the market in the cement and concrete sector. Through its partnership with Renault since 1970s, OYAK is producing, exporting and distributing Renault vehicles in Turkey and has the largest market share of domestic passenger vehicle sales. Through its partnership with German energy group Steag, OYAK is producing 5% of Turkish electricity demand. Through ownership of Chemson Group and Akdeniz Kimya, OYAK is the global leader in the PVC stabilizer industry. In addition, there are several other subsidiaries in various key sectors including logistics, mining, agricultural chemicals and technology. For further information visit www.oyak.com.tr

DIC completes sale of Almatis to OYAK

09/01/2015 Download PDF

 

1st September 2015: Dubai International Capital (DIC), the private equity arm of Dubai Holding, today announces that it has completed the sale of Almatis (the "Group"), the world's leading supplier of premium alumina for the refractory, ceramic and polishing industries to OYAK, Turkey's largest private pension fund. The completion of this sale follows receipt of all relevant regulatory approvals.

Taco Gerbranda, Chief Executive Officer of Almatis, said: “We are grateful to DIC for their support and the strong partnership that we formed during their ownership period. This partnership was critical in allowing us to undertake very ambitious strategic steps that ensured the longer term stability of our company by extending our global presence, increasing capacity and becoming vertically integrated, with the single objective to better serve our customers.

Today marks the start of a new chapter for Almatis, with an owner who has expertise in our sector. This transaction positions Almatis very well to support the growth of our customers, grow with them and at the same time strengthen our leadership in the premium alumina industry. With its strong understanding of Almatis' customer needs, the market opportunities and challenges, OYAK is well placed to foster Almatis' continuous development, pursuing its long-term strategy.”

David Smoot, Chief Executive Officer of Dubai International Capital, commented: “We are extremely pleased with the outcome of the sale of Almatis. During our ownership, our close collaboration with the management team and investment in the business allowed the Group to achieve significant growth and improvements in its operations. The Group has an extremely attractive growth potential and OYAK is the right partner to support it in the next phase of its development.”

- Ends -


About Dubai International Capital
Dubai International Capital is a Dubai-based, leading international investment company with a primary focus on private equity in the Middle East, Western Europe and the USA. It was established in 2004 as a wholly owned subsidiary of Dubai Holding, with the mandate to build an international portfolio of diverse business assets across a broad range of industries.
Recent divestments include German manufacturer, Mauser; Ishraq Dubai LLC, which comprised of four hotels in Dubai and the Holiday Inn Express Bahrain. For further information visit: www.dubaiic.com
 

About Almatis
With more than 100 years of alumina expertise, Almatis is the world leader in the development, manufacture and supply of premium alumina and alumina-based products. As a fully integrated, global alumina producer, Almatis serves its customers with 1,150 employees from sixteen strategically located sales, research and manufacturing sites. Almatis’ products are used in a wide variety of industries including iron and steel, cement, non-ferrous metal, ceramic, automotive, polishing and electronics. Previously part of Alcoa, Almatis was majority owned by Dubai International Capital LLC (DIC) from 2007 until August 2015. For further information visit www.almatis.com


About OYAK
OYAK is the first and largest private supplementary pension fund in Turkey and a leading holding group with strategic investments in profitable and growth sectors. OYAK has c. 290,000 members and a workforce of approximately 28,000 employees. Through the ownership of Erdemir, OYAK is the largest steel producer in terms of capacity in Turkey and 3rd largest in Europe. OYAK is one of the largest players in construction materials in Turkey and leads the market in the cement and concrete sector. Through its partnership with Renault since 1970s, OYAK is producing, exporting and distributing Renault vehicles in Turkey and has the largest market share of domestic passenger vehicle sales. Through its partnership with German energy group Steag, OYAK is producing 5% of Turkish electricity demand. Through ownership of Chemson Group and Akdeniz Kimya, OYAK is the global leader in the PVC stabilizer industry. In addition, there are several other subsidiaries in various key sectors including logistics, mining, agricultural chemicals, food processing and technology. For further information visit www.oyak.com.tr


For media enquiries please contact:
 
Brunswick:
Azadeh Varzi / Simone Selzer
+44 20 7404 5959
avarzi@brunswickgroup.com / sselzer@brunswickgroup.com

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OYAK signs agreement to acquire Almatis

07/14/2015 Download PDF

Rotterdam, the Netherlands – 14 July 2015: Almatis (the "Group"), the world's leading supplier of premium alumina for the refractory, ceramic and polishing industries, today announced that its shareholders, including majority owner Dubai International Capital LLC ('DIC'), have signed an agreement to sell the Group to OYAK, Turkey's largest private pension fund.
 
Taco Gerbranda, Chief Executive Officer of Almatis, said: “As a long-term investor, OYAK is expected to significantly strengthen Almatis' financial position and to support the Group's continued growth. This is a major milestone for Almatis and we look forward to the completion of the transaction”

Completion of the transaction is conditional upon receipt of all relevant regulatory approvals.


About Almatis

With more than 100 years of alumina expertise, Almatis is the world leader in the development, manufacture and supply of premium alumina and alumina-based products. As a fully integrated, global alumina producer, Almatis serves its customers with 1,150 employees from sixteen strategically located sales, research and manufacturing sites. Almatis’ products are used in a wide variety of industries including iron and steel, cement, non-ferrous metal, ceramic, automotive, polishing and electronics. Previously part of Alcoa, since 2007 Almatis has been majority owned by Dubai International Capital LLC (DIC). For further information visit www.almatis.com


About OYAK

OYAK is the first and largest private supplementary pension fund in Turkey and a leading holding group with strategic investments in profitable and growth sectors. OYAK has c. 290,000 members and a workforce of approximately 28,000 employees. Through the ownership of Erdemir, OYAK is the largest steel producer in terms of capacity in Turkey and 3rd largest in Europe. OYAK is one of the largest players in construction materials in Turkey and leads the market with around 20% share in the cement and concrete sector. Through its partnership with Renault since 1970s, OYAK is producing, exporting and distributing Renault vehicles in Turkey and has the largest market share of domestic passenger vehicle sales. Through its partnership with German energy group Steag, OYAK is producing 5% of Turkish electricity demand. Through ownership of Chemson Group and Akdeniz Kimya, OYAK is the global leader in the PVC stabilizer industry. In addition, there are several other subsidiaries in various key sectors including logistics, mining, agricultural chemicals, food processing and technology. For further information visit www.oyak.com.tr

About Dubai International Capital LLC:
Dubai International Capital LLC is a private equity investment company established in 2004 as a wholly owned subsidiary of Dubai Holding. DIC also owns Doncasters, the speciality engineering group, headquartered in the UK.  For further information visit: www.dubaiic.com

For media enquiries please contact:

Brunswick:
Azadeh Varzi
+44 20 7404 5959
avarzi@brunswickgroup.com

Edward Moore
+971 4 446 6270
emoore@brunswickgroup.com

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