Noranda Aluminum Holding Corporation (“Noranda HoldCo”) was formed on March 27, 2007 by investment funds affiliated with, or co-investment vehicles managed indirectly by, Apollo Management, L.P., along with its parallel investment funds, to acquire a portion of the aluminum business of Xstrata (Schweiz) AG. The Apollo Acquisition was completed on May 18, 2007, when Noranda AcquisitionCo (a wholly owned subsidiary of Noranda HoldCo) acquired the stock of a subsidiary of Xstrata that held the Noranda aluminum business. Upon completion of the Apollo Acquisition, Apollo and certain members of its management became the owners of all of the outstanding equity interests of Noranda HoldCo.
Prior to the Apollo Acquisition, Noranda operated as a subsidiary of Xstrata and immediately prior to that, as a subsidiary of Falconbridge Limited.
On August 31, 2009, we completed a transaction, which we refer to as the “Joint Venture Transaction,” whereby we became the sole owner of the alumina and bauxite production joint ventures, Gramercy and St. Ann, respectively, that we had operated since 2004 with Century Aluminum Company.
We are a leading North American integrated producer of value-added primary aluminum products. We have one business: primary metals, or upstream business. Our upstream business consists of our aluminum smelter near New Madrid, Missouri, and supporting operations at our vertically integrated bauxite mine in St. Ann, Jamaica and alumina refinery in Gramercy, Louisiana.