Vacuumschmelze/Neorem Magnets aquired by Ara Partners
HOUSTON and HANAU, GERMANY – October 10, 2023 – Ara Partners (”Ara”), a private equity firm that specializes in industrial decarbonization investments, today announced that it has acquired our parent company Vacuumschmelze (“VAC”), a leading global producer of advanced magnetic materials and the largest producer of rare earth permanent magnets in the Western Hemisphere, from funds managed by Apollo. Terms of the transaction were not disclosed. More info: VAC – Advanced Magnetic Solutions | VAC