Aleris Corporation

Sources Say European Commission Blessing Of Novelis Purchase Of Aleris Is Imminent

Sources Say European Commission Blessing Of Novelis Purchase Of Aleris Is Imminent

Sources say Atlanta’s rolled and recycled aluminium firm Novelis Inc. is on the verge of obtaining approval from the European Union for its US$2.6 billion offer to purchase Aleris. Reuters said anonymous sources claiming inside knowledge revealed to them on Thursday that...

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Events

EU Regulators Launch Anti-Trust Investigation Into Novelis’ Purchase Of Aleris

EU Regulators Launch Anti-Trust Investigation Into Novelis’ Purchase Of Aleris

Anti-trust regulators in the European Union said yesterday that they had opened an investigation into the proposed US$2.6 billion purchase of Atlanta’s rolled-aluminium firm Aleris by rolled and recycled aluminium firm Novelis Inc. In comments made by Europe’s antitrust chief Margrethe Vestager, the regulators’ intent was to ensure competitiveness in the value-added aluminium market. “Our […]

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Aleris Turns In Record Numbers For Fourth Quarter And Full Year 2018

Aleris Turns In Record Numbers For Fourth Quarter And Full Year 2018

Cleveland rolled aluminium firm Aleris International, Inc. reported financial and operating results for the fourth quarter and full year of 2018 yesterday. An uptick in demand and a favorable metal environment in North America helped propel most of the firm’s numbers past those of preceding periods. The fourth quarter saw Aleris ship 203 metric tons […]

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Aluminium Price Lag Tempers Aleris’ Bottom-Line Losses In Third Quarter

Aluminium Price Lag Tempers Aleris’ Bottom-Line Losses In Third Quarter

Cleveland rolled aluminium firm Aleris International, Inc. released results for the third quarter of 2018 yesterday. Numbers were up across the board thanks in large part to a jump in shipments and a favorable metal spread in the quarter. In the just-ended quarter the firm shipped 225 thousand metric tons of product, up on the […]

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Aleris’ Revenue Jumps 16.6 Percent In Second Quarter

Aleris’ Revenue Jumps 16.6 Percent In Second Quarter

Cleveland rolled aluminium firm Aleris International, Inc. released second-quarter results yesterday. Though better margins and product mix improved earnings, a debt refinancing helped push the bottom line further into the red. In 2018’s second quarter, Aleris shipped 235 thousand metric tons of finished product, a rise year-on-year from last year’s second-quarter total shipment of 219 […]

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Novelis Buys Aleris For US$2.6 Billion

Novelis Buys Aleris For US$2.6 Billion

In a move that will change the global rolled-aluminium landscape, rolled and recycled aluminium firm Novelis Inc. today agreed to the purchase of Atlanta’s rolled-aluminium firm Aleris for US$2.6 billion plus debt. The merger, which will create a firm with pro-forma revenues of around US$15 billion, is expected to be concluded in 9 to 15 […]

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