NK5 sells Baux

NK5, a leading player specialised in turning around and investing in enterprises facing financial and/or operating difficulties, has announced the sale of Baux, the Spanish industrial group devoted to the production of hot- and cold-rolled and lacquered aluminium products from 100%-recycled materials, to Jupiter Aluminum Corporation. Under the ownership of NK5, the Baux companies lifted their revenue to over €200 million in 2017. And in 2018, they have posted a considerable improvement in earnings from 2017. Today, Baux is one of the top 5 players in its sector in Europe. Baux became part of the NK5 portfolio in January 2017…