Nabaltec AG has concluded an agreement to acquire the 49% membership interest in the Nashtec LLC joint venture held by Allied Alumina LLC, an affiliate of Sherwin Alumina Company LLC. Sherwin Alumina Company LLC filed for bankruptcy in January 2016 and subsequently wound down its operations and sold substantially all of its assets to Corpus Christi Alumina LLC under a chapter 11 plan of liquidation, which chapter 11 plan was approved by the bankruptcy court on February 17, 2017.
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