Novelis to acquire downstream aluminum producer Aleris for ~$2.6B; meeting automotive demand, expanding into aerospace
Green Car Congress
JULY 27, 2018
the leading producer of flat-rolled aluminum products and the world’s largest recycler of aluminum, has signed a definitive agreement to acquire Aleris Corporation, a global supplier of aerospace and automotive rolled aluminum products, for approximately $2.6 Novelis Inc., billion including the assumption of debt.
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