GERMANY – Dubai International Capital buys Almatis

Dubai International Capital LLC has agreed to acquire specialty alumina producer Almatis from funds controlled by Rhône Capital L.L.C. and Teachers’ Private Capital. Dubai International Capital will retain the current management team and support Almatis’ growth strategy. Almatis is headquartered in Frankfurt and researches, develops and produces specialty alumina materials used in industrial manufacturing processes. It has manufacturing facilities in Germany, the Netherlands, the US, Japan, China, and India, and employs over 900 people.