Novelis to acquire downstream aluminum producer Aleris for ~$2.6B; meeting automotive demand, expanding into aerospace
Green Car Congress
JULY 27, 2018
Aleris has been an important supplier of aluminum to premium car manufacturers in Europe as they have embraced greater aluminum use as a means to lightweight vehicles and meet increasingly stringent fuel-efficiency standards. In 2013, the company strengthened its position with the opening of a fully dedicated automotive facility at Duffel.
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