Aleris Corporation

Aleris Lands New Multi-Year Aluminium Deal with Boeing

Aleris Lands New Multi-Year Aluminium Deal with Boeing

Cleveland rolled aluminium firm Aleris International, Inc. revealed yesterday that it has come to a multi-year agreement with The Boeing Company to supply the aerospace firm with aluminium plate and sheet for a variety of its aircraft models. Specifics of the deal,...

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Events

Merger Agreement Between Zhongwang USA and Aleris Called Off After 15 Months

Merger Agreement Between Zhongwang USA and Aleris Called Off After 15 Months

The fifteen-month-long struggle to merge Aleris Corporation, Inc. and Zhongwang USA, LLC was officially ended yesterday after both parties agreed to terminate the merger agreement and part ways. A statement released yesterday contained few details other than to point out the merger agreement, which was entered into in August of 2016, was allowed to expire […]

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Lower Aluminium Production Volume Takes Toll on Aleris’ Third-Quarter Financials

Lower Aluminium Production Volume Takes Toll on Aleris’ Third-Quarter Financials

Cleveland rolled aluminium firm Aleris International, Inc. reported third-quarter results yesterday. Results were largely down due to lower production volumes which were, in turn, the result of planned production outages. The firm shipped 199 thousand metric tons in the quarter, down year-on-year from last year’s shipping total of 214 thousand metric tons. The firm chalked […]

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Sources Say Expiration of Zhongwang Talks with Aleris Opens Door for Hindalco Bid

Sources Say Expiration of Zhongwang Talks with Aleris Opens Door for Hindalco Bid

According to sources professing knowledge of the situation, last week’s expiration of acquisition talks between Aleris International, Inc. and China Zhongwang Holdings Limited has paved the way for the long-promised purchase pitch from Hindalco for the Cleveland aluminium extruder. Although talks between Aleris and Zhongwang lasted over a year and were extended several times, national-security […]

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Sources Say Aditya Birla Readying Offer for Aleris

Sources Say Aditya Birla Readying Offer for Aleris

According to sources who spoke with domestic media, Aditya Birla Group is preparing to make an offer for Hindalco’s extruded aluminium subsidiary Aleris International, Inc. The sources, who spoke to the media on condition of anonymity, say that the firm is assigning an enterprise value of US$2.5 billion to the Cleveland, Ohio subsidiary. According to […]

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