Exclusive financial advisor to Ohio Valley Aluminum Company, LLC
KPMG Corporate Finance LLC acted as the exclusive financial advisor to Ohio Valley Aluminum Company, LLC
KPMG Corporate Finance LLC is pleased to announce the acquisition of Ohio Valley Aluminum Company, LLC by Matalco Inc., a division of Giampaolo Group Inc.
OVACO’s President, Steven Richardson notes, “This is an exciting time for OVACO’s continued evolution. We have diligently upgraded systems and made improvements to keep up with our customers’ demands over the last decade. This new chapter in OVACO’s story will further improve our abilities as the synergies realized through this transaction will benefit OVACO, Matalco and, most importantly, our combined customer base. We look forward to continuing our successful partnerships!”
About Ohio Valley Aluminum Company, LLC
Ohio Valley Aluminum Company, LLC (OVACO) is a leading manufacturer of high-quality 6000 series aluminum billet made from recycled scrap for extrusion applications. The Company’s products and services are essential inputs for end-markets exhibiting fast-growing demand for recycled aluminum, including building products, recreational vehicles, automotive, freight trucking, and electrical components. OVACO was founded in 1955 and is based in Shelbyville, Kentucky.
About Matalco Inc.
Matalco Inc. (Matalco) is North America’s largest independent producer of 6000 series aluminum billet for aluminum extrusion and forging applications. Matalco now operates six billet plants in the United States, with a seventh plant under construction in Franklin, Kentucky, which will bring Matalco’s total capacity to 1.5 billion pounds annually.
About Giampaolo Group Inc.
Giampaolo Group Inc. (GGI) is a privately owned corporation with operations throughout North America as well as in South America and Europe. GGI focuses on harvesting waste within the metal ecosystem by operating within the recycling, manufacturing, and IT asset disposition segments, in addition to real estate leasing and development. GGI was founded in 1975 and is based in Toronto, Ontario.
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