DADA Holdings Acquires Majority Stake in Italy-Based Aluminum Mill

​DADA Holdings, LLC (DADA) has announced that its affiliate, Niche European Holdings, LLC, has acquired a controlling interest in Niche Fusina Rolled Products S.r.l., an aluminum rolling mill located near Venice, Italy. The Italian government agency Invitalia remains the mill's other shareholder. DADA initially acquired a minority stake in Niche Fusina in March 2022 following court approval during an insolvency proceeding in the Court of Venice.

This acquisition marks DADA’s second venture in aluminum rolling. Its first was with Wise Metals Group, a US-based company it transformed into the world’s third-largest producer of aluminum can sheets before selling it to Constellium NV in 2015 for $1.4 billion. Niche Fusina operates as a vertically integrated facility with a cast house, rolling mills, and finishing lines. The plant employs about 300 workers, producing 95,000 tons of slabs annually and rolling approximately 75,000 tons.

The facility has adopted several sustainability practices, including extensive use of recycled aluminum, achieving low-carbon certification, and implementing a closed-loop system that recirculates and cleans process water to reduce consumption and pollution. Niche Fusina manufactures medium and tough aluminum alloys with gauges ranging from 2 mm to 110 mm and widths up to 2,500 mm. Its products serve customers across industries, including marine, automotive, commercial transportation, electronics, and construction, with markets spanning Europe, North America, the Middle East, and the Pacific Basin.

DADA Holdings is an investment and management company involved in both active and passive investments across multiple industries. Its portfolio includes Niche European Holdings, which owns specialty minerals businesses like Niche Fused Alumina in France, Niche Fused Magnesia in England, and Renew Recycling, a metals processing and recycling business operating in the southeastern US. Another portfolio company, ElementUS Minerals, is developing a US-based facility to extract rare earth and other critical minerals from residual bauxite.

David D'Addario, New Day Aluminum LLC

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