Aurelius acquires Resonac's graphite electrode factory in A Coruña

✦ Meridian Analysis

Aurelius has signed an agreement to acquire the graphite electrode manufacturing plant that Resonac operates in the AGrela industrial park of ACoruña. The deal transfers ownership of the assets and the workforce – roughly 200 employees – while the Omachi facility in Japan remains with Resonac. The transaction is part of a broader divestment of Resonac’s graphite electrode business in Spain, the United States, Mexico, Germany, Austria, Italy and Japan, and is slated to close in the second quarter of 2027 pending the fulfillment of agreed closing conditions. From a deal‑structuring perspective the operation is an asset purchase that isolates a single production site from the seller’s wider portfolio, allowing the private‑equity sponsor to focus on operational improvements and growth in a niche, high‑barrier market. Graphite electrodes are essential for steel production, a process that is more environmentally friendly. Aurelius previously acquired land from Alu Ibérica and Alcoa to expand its existing factory and to install a new facility for electric‑vehicle battery cells in Galicia. Deal terms such as the purchase price, any accompanying debt financing and the identity of financial advisers have not been disclosed. Observers will watch for the regulatory clearances required in Spain, the integration plan for the ACoruña site and whether Aurelius will pursue further roll‑ups of the remaining Resonac electrode operations in other regions.

The Meridian Weekly