18 Facts About Aleris


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

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

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

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

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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.

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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.

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

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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.

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

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

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

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

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

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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.

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

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

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

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