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...


Aleris Lands Aluminium Supply Deal with Embraer

Cleveland rolled aluminium firm Aleris International, Inc. announced on Tuesday that it has come to terms with Brazilian aerospace conglomerate Embraer S.A. on a multi-year deal to supply aluminium flat-rolled products for use across the entire spectrum of Embraer’s winged offerings. Few details were made public, but the deal in question is a renewal of […]

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 […]

Aleris Lands Multi-Year Aerospace Aluminium Deal with Bombardier

Cleveland rolled aluminium firm Aleris International, Inc. yesterday announced the signing of a multi-year agreement with Montreal’s multinational aerospace and transportation company Bombardier Inc. Under the new contract, Aleris will be supplying Bombardier’s aircraft projects with a plethora of aluminium products, including high-strength and corrosion-resistant plate products. Aleris says this agreement places it among the […]

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 […]

U.S. Lawmakers Urge Treasury Secretary to Reject Zhongwang’s Purchase of Aleris

Over two dozen United States legislators signed a letter calling upon U.S. Treasury Secretary Steven Mnuchin to disallow the sale of value-added aluminium firm Aleris to the People’s Republic of China’s controversial aluminium titan China Zhongwang Holdings. The letter, which was distributed to Reuters yesterday, cited national security concerns as their grounds for objecting to […]