DDJ Capital Management LLC closed the acquisition of Real Alloy Holding Inc.'s assets.
With the completion of this transaction, Real Alloy Holding and its subsidiaries emerged from bankruptcy, according to the press release.
The deal included Real Alloy Holding's operations in the U.S., Germany, Norway, the U.K., Mexico and Canada, and the company's joint venture in Goodyear, Arizona. The business will continue under the Real Alloy Holding name and will keep its headquarters in Beachwood, Ohio.
Following the asset purchase, Real Alloy Holding's debt has been lowered by about $200 million. Going forward, Real Alloy will be a privately held company.
According to SNL data, the transaction is valued at $364.0 million.
SNL is an offering of S&P Global Market Intelligence.
