Information on the target
ALTEMIRA Holdings Co., Ltd. (“ALTEMIRA”) is a prominent pan-Asian aluminum packaging company that was established in April 2022. The company was formed through the strategic combination of the aluminum can and foil business previously operated by Showa Denko K.K., now known as Resonac Holdings Corporation, and the aluminum can and rolled and extruded products business of Mitsubishi Materials Corporation. This merger has positioned ALTEMIRA as a leader in the aluminum packaging sector, showcasing its innovative approach and operational efficiency.
ALTEMIRA stands out as one of the first successful instances of sponsor-led industry consolidation within the Japanese industrials sector. The company has effectively transitioned into a fully independent, standalone enterprise, demonstrating Apollo’s capability in executing complex carve-outs and facilitating broader transformation through mergers and acquisitions. With a focus on sustainability, ALTEMIRA operates one of the world’s only vertically integrated, closed-loop aluminum recycling ecosystems, which encompasses the entire process from used beverage can collection to fabrication into beverage cans.
Industry overview in the target’s specific country
The aluminum packaging industry in Japan has been experiencing significant growth, driven by increasing consumer demand for sustainable and recyclable materials. As environmental concerns continue to rise, companies are increasingly seeking innovative solutions to reduce their carbon footprint and enhance recycling capabilities. Japan, being a leader in technology and manufacturing, is well-positioned to capitalize on these trends, making it an attractive market for investments in the aluminum sector.
Moreover, the Japanese government has been actively promoting initiatives aimed at enhancing recycling rates and reducing waste. This regulatory support has created a favorable environment for companies like ALTEMIRA, which are committed to sustainability and innovation in their operations. The integration of advanced technologies in the recycling process has further bolstered the industry's growth, allowing for more efficient collection, processing, and production of aluminum products.
In addition, the demand for aluminum packaging is expected to rise across various sectors, including food and beverage, pharmaceuticals, and cosmetics. The versatility and lightweight nature of aluminum make it a preferred choice for manufacturers looking to enhance product safety and shelf life. As a result, the industry is poised for continued expansion, with ALTEMIRA at the forefront of this transformation.
Overall, the Japanese aluminum packaging industry is characterized by a strong emphasis on sustainability, innovation, and regulatory support, positioning it as a key player in the glob…