On the May 16th, 2007, India-based Hindalco Industries, an ancillary of AV Birla Group of businesses got the US-Canadian aluminum giant Novelis. The acquisition was the result of an arrangement arrived at between Hindalco and Novelis on February 10, 2007. The acquisition expected to be the industry price leader with a presence over the entire aluminum value chain from mining to final aluminum products - and resulted in formation of a Fortune 500 company - the world's biggest producer of aluminum.
The instance provides a general introduction to the aluminum industry including processes, players, and different products. Additionally there's a mentioning of the critical success factors for the sector and indirect analysis of the industry. The instance covers the growth strategies of Novelis and Hindalco and briefly covers their rivalry also. It also talks about the various synergies of the deal in detail and ends with the description of the situation post-deal, with black owing turning to a variety of reasons.
PUBLICATION DATE: June 01, 2009 PRODUCT #: IMB303-HCB-ENG
This is just an excerpt. This case is about STRATEGY & EXECUTION