Novelis Acquires Aleris Corporation
April 14, 2020
Novelis Inc. has completed the acquisition of Aleris Corporation, a global supplier of rolled aluminum products, integrating Aleris' 13 production facilities and workforce into Novelis' operations. The deal expands Novelis' product portfolio into aerospace, strengthens its recycling and R&D capabilities, and creates approximately $150 million of synergies while maintaining a pro-forma net debt to adjusted EBITDA within guidance.
- Buyers
- Novelis Inc.
- Targets
- Aleris Corporation
- Industry
- Manufacturing
- Location
- Ohio, United States
- Transaction Type
- Buyout
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