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Aleris. Aleris Corporation (also Aleris Inc. or Aleris International Inc.) was an American aluminum rolled products producer, based in Beachwood, Ohio. The company had approximately 5,000 employees globally as of mid 2015. On 15 April 2020, Aleris Corporation was acquired by Hindalco Industries subsidiary Novelis Inc. for $2.8 billion.
Transaction diversifies product portfolio with addition of aerospace; enhances strategic position in Asia. ATLANTA, April 14, 2020 — Novelis Inc., the world leader in aluminum rolling and recycling, today announced the completion of its acquisition of Aleris Corporation, a global supplier of rolled aluminum products.
Apr 14, 2020 · Novelis will acquire Aleris’ 13 plants across North America, Europe and Asia; however, to satisfy regulatory conditions, the company is required to divest Aleris’ plants in Lewisport, Kentucky, U.S.A., and Duffel, Belgium, as announced earlier. Hindalco Industries Limited is the metals flagship company of the Aditya Birla Group.
Apr 21, 2020 · Published 21st April, 2020 by Nadine Bloxsome. Novelis Inc., has announced the completion of its acquisition of Aleris Corporation, a global supplier of rolled aluminium products. As a result, Novelis is now even better positioned to meet increasing customer demand for aluminium by expanding its innovative product portfolio; creating a more ...
Apr 20, 2020 · April 20, 2020, 3:17 pm. Novelis Inc. completed its acquisition of Aleris Corporation, a global supplier of rolled aluminum products, for $2.8 billion. The purchase includes 13 plants across North America, Europe, and Asia — expanding Novelis’ flat rolled aluminum capabilities and enabling it to meet increasing customer demand for aluminum.
Apr 8, 2020 · Company Receives European Commission Approval to Divest Aleris Plant in Duffel, Belgium. ATLANTA, April 8, 2020 /PRNewswire/ -- Novelis Inc., the world leader in aluminum rolling and recycling, today announced it has received the final clearance needed to complete its acquisition of Aleris Corporation, a global supplier of rolled aluminum ...
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Apr 14, 2020 · EV multiple at an attractive 7.2x. : Hindalco Industries Limited, the Aditya Birla Group metals flagship company, today announced the completion of the Aleris acquisition by its wholly-owned subsidiary Novelis Inc. The acquisition of the US-based rolled products major, Aleris Corporation, positions Hindalco as one of the world’s largest ...
