Atlas Holdings has sold Aludium to Jupiter Aluminum Corporation. The sale was expected to be closed in the second quarter of this year after the customary closing conditions are completed. The transaction terms weren’t disclosed.

Paul-Henri Chevalier, CEO of Jupiter Aluminum, said that the company is realizing its goal of expanding in Europe with this acquisition.

Aludium was formed by Atlas in 2015. It is a leading manufacturer of aluminum flat-rolled products in Europe, with three operations across Europe.