Acquiring Company
Shenzhen Hongzhi Industrial Investment Co
Acquired Company
Novelis
Shenzhen
AtlantaManufacturingManufacturingMobileDescription
Novelis Inc, a subsidiary of Hindalco Industries, has agreed to sell its Novelis (China) Aluminum Products Co and Novelis (Shanghai) Aluminum Trading Co to Shenzhen Hongzhi Industrial Investment Co for $265 million (₹2,490 crore), plus a contingent earn-out of $10 million. The agreement was executed on Saturday, and closing is expected within 12 months, subject to regulatory approvals. The Novelis China entities contributed about 1% of Hindalco's FY26 net sales.
Quick answer
Shenzhen Hongzhi Industrial Investment Co is acquiring Novelis for $264.2 million, announced November 15, 2026. Shenzhen Hongzhi Industrial Investment Co is based in Shenzhen, Guangdong, China.
- How much did Shenzhen Hongzhi Industrial Investment Co pay for Novelis?
- The reported deal value is $264.2 million.
- What does Shenzhen Hongzhi Industrial Investment Co do?
- Shenzhen Hongzhi Industrial Investment Co is the buyer of Novelis's China aluminum businesses.
- Where are Shenzhen Hongzhi Industrial Investment Co and Novelis based?
- Shenzhen Hongzhi Industrial Investment Co is based in Shenzhen, Guangdong, China. Novelis is based in Atlanta, Georgia, United States.
Source: Fundz verified event record.
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Who to call at Shenzhen Hongzhi Industrial Investment Co, and when
When Shenzhen Hongzhi Industrial Investment Co changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Shenzhen Hongzhi Industrial Investment Co raises, hires an executive or expands, scored against what you sell
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Frequently asked
Who acquired Novelis?
Novelis was acquired by Shenzhen Hongzhi Industrial Investment Co, based in Shenzhen. The deal was reported on November 15, 2026. Shenzhen Hongzhi Industrial Investment Co is the buyer of Novelis's China aluminum businesses. The text provides no further description of the company. Shenzhen Hongzhi Industrial Investment Co is privately held and operates in Manufacturing.
When did Shenzhen Hongzhi Industrial Investment Co acquire Novelis?
Shenzhen Hongzhi Industrial Investment Co's acquisition of Novelis was reported on November 15, 2026. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Novelis do?
Novelis Inc. is driven by its purpose of shaping a sustainable world together. We are a global leader in the production of innovative aluminum products and solutions and the world's largest recycler of aluminum. It is privately held, operating in Manufacturing, and is based in Atlanta.
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