18 Facts About Aleris

Aleris Corporation was an American aluminum rolled products producer, based in Beachwood, Ohio.

On 15 April 2020, Aleris Corporation was acquired by Hindalco Industries subsidiary Novelis Inc for $2.

Aleris was an aluminum rolled products producer, based in Beachwood, Ohio, a suburb of Cleveland.

Aleris has private equity owners, including Apollo Global and Oaktree Capital Management.

Aleris was established in 2004, the result of a merger between an aluminum recycling company and an aluminum rolled products company.

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Aleris operated as a portfolio company of Texas Pacific Group, and expanded via acquisitions during its early history.

Aleris acquired Corus Group's aluminum extrusion and rolling businesses for approximately $894 million in 2006, and Wabash Alloys for an undisclosed amount in 2007.

Aleris settled the suit with the government in August 2009, and agreed to pay a $4.

Aleris invested in its facilities, building a new aerospace plate mill in China during the early 2010s, finishing a $70 million expansion of its facility in Duffel Belgium, and improving its plant in Ashville, Ohio, in 2014.

Aleris acquired Nichols Aluminum and its production facilities in Davenport, Iowa, Decatur, Alabama, and Lincolnshire, Illinois, for $110 million cash in 2014.

Aleris had more than 40 production facilities in North America, Europe, and Asia, as of October 2014.

Aleris abandoned plans to complete an initial public offering in 2015.

Aleris was among the largest aluminum sheet suppliers for semi-trailers, and the leading aluminum sheet supplier for the U S residential construction industry.

Aleris increased production as the automotive industry began using more aluminum than steel.

China Zhongwang subsidiary Zhongwang USA and Aleris entered into a merger agreement in August 2016, marking the highest offer made by a Chinese firm for an American metal producing company.

In 2017 and 2018, Aleris entered into multi-year agreements to supply aluminum to Bombardier Inc and Boeing, respectively.

In March 2019, Aleris was recognized with the accredited supplier award for outstanding quality performance by Airbus for the second consecutive year.

On 15 April 2020, Aleris Corporation was acquired by Hindalco Industries subsidiary Novelis Inc for $2.