Novelis Inc., the world leader in aluminum rolling and recycling, announced it has signed a definitive agreement to acquire Aleris Corporation, a global supplier of rolled aluminum products.
Aleris is a privately held, global supplier in the production and sale of aluminum rolled products. Headquartered in Cleveland, Ohio, Aleris operates 13 production facilities in North America, Europe and Asia, providing products and services to customers in a variety of industries.
“Acquiring Aleris is the right opportunity at the right time as they are set for transformational growth. The significant investments they’ve made in the high-demand, high-value aerospace and automotive segments have resulted in favorable long-term, global contracts. These investments, coupled with a diverse and talented workforce, will add tremendous value to our organization and allow us to deliver the highest quality innovative aluminum solutions to our customers.”
— Steve Fisher, President and CEO, Novelis Inc.