Apollo Funds sell ALTEMIRA aluminum packaging company to MBK Partners

Apollo Global Management Inc. (NYSE: APO) announced that Apollo-managed funds completed the sale of their interest in ALTEMIRA Holdings Co., Ltd. to funds managed by MBK Partners. ALTEMIRA operates as a pan-Asian aluminum packaging company.

ALTEMIRA was established in April 2022 through the combination of aluminum can and foil business operations from Showa Denko K.K., now named Resonac Holdings Corporation, and aluminum can and rolled and extruded products business from Mitsubishi Materials Corporation.

The company operates a vertically integrated aluminum recycling ecosystem that includes used beverage can collection, processing, slab casting, rolling into coils and fabrication into beverage cans. The business spans multiple stages of aluminum packaging production and recycling.

This transaction follows Apollo Funds' exit from MAFTEC, which was announced in June 2025. Apollo Funds maintains private equity investments in Japan including Panasonic Automotive Systems and Nippon Sheet Glass, with the latter pending closing.

Apollo Global Management reported approximately $1.03 trillion in assets under management as of March 31, 2026. The company operates as an alternative asset manager with investments across credit and private equity sectors.

The sale represents Apollo's exit from a Japanese industrial sector investment that involved corporate carve-outs and business combination activities in the aluminum packaging industry.

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