Aleris

Aleris International, Inc.
legal form	Incorporated
founding	2004
Seat	Beachwood , United States
management	Sean M. Stack ( CEO )
Branch	Aluminum processing
Website	www.aleris.com

Aleris International, Inc. is a global aluminum production company . It focuses on the production of aluminum in rolled form as well as the production of aluminum alloys .

history

The company was formed in 2004 through the merger of Commonwealth Industries, Inc. and IMCO Recycling Inc. In the following years, Aleris was strategically expanded and in 2006 took over the aluminum division of the British Corus Group . The mills for the production of rolled products and pressed products were taken over for a purchase price of 570 million pounds .

In December 2006, the American Texas Pacific Group acquired Aleris for around 1.7 billion US dollars, including a prepayment for the repayment of debts amounting to 1.6 billion US dollars. Aleris: In 2007 the Aleris zinc business was sold in order to focus the company's activities on the production of aluminum.

On 12 February 2009, Aleris reported bankruptcy under Chapter 11 of the US Bankruptcy Code with the aim to restructure the heavily indebted companies and privately to continue. The insolvency proceedings were successfully concluded in mid-2010.

In 2015, the aluminum extrusion business was sold to the Japanese Sankyo Tateyama .

In August 2016, the Chinese company Zhongwang announced that it would take over Aleris. However, in late 2017, these plans were dropped.

In 2018, Novelis announced that it would take over Aleris. After approval by the EU authorities, the completion of the takeover is announced for January 2020. The acquisition by Novelis was completed in April 2020

Locations

Aleris International has 40 plants worldwide:
Plants for the manufacture of rolled products:

Ashville , Ohio Buckhannon, West Virginia Clayton , New Jersey Duffel , Belgium Koblenz , Germany

Lewisport, Kentucky Richmond , Virginia Roxboro, North Carolina Uhrichsville , Ohio (two plants) Voerde , Germany

Plants for the production of extruded products:

Bitterfeld-Wolfen , Germany Duffel , Belgium

Tianjin , People's Republic of China Vogt , Germany

Recycling plants:

Ben's Run, West Virginia Chicago Heights , Illinois Cleveland , Ohio Elyria , Ohio Friendly, West Virginia Goodyear , Arizona Hammond , Indiana

Loudon, Tennessee Morgantown, Kentucky Post Falls, Idaho Rock Creek, Ohio Sapulpa, Oklahoma Wabash , Indiana

Alloys manufacturing plants:

Coldwater , Michigan Mississauga , Canada Monclova , Mexico

Saginaw , Michigan Steele, Alabama Wabash , Indiana

Web links

• Website Aleris (English)

Individual evidence

1. ↑ Our leaders
2. ^ Corus to Sell Aluminum Rolled Products and Extrusions Businesses to Aleris International .
3. ↑ Takeover of Aleris by the Texas Pacific Group . in: marketwatch.com. Accessed July 6, 2020
4. ↑ General-Anzeiger: Aleris closes bankruptcy proceedings
5. ↑ Aleris completes the sale of its extrusion business , March 2nd, 2015
6. ↑ Aluminum magnate: China billionaire grabs US company Aleris . In: Handelsblatt . August 31, 2016 ( handelsblatt.com ).
7. ^ Russell Flannery: China Billionaire, Aleris Abandon Merger Plan, Citing US Regulatory Uncertainty . In: Forbes . November 13, 2017, ISSN  0015-6914 . Retrieved June 21, 2018.
8. ↑ Zhongwang USA Announces termination of proposed $ 2.3 trillion acquisition of Aleris Corp . In: China Daily , November 13, 2017. Retrieved June 21, 2018. 
9. ↑ Aluminum giant China Zhongwang frustrated by US delays calls off Aleris acquisition . In: South China Morning Post , Alibaba Group , November 14, 2017. Retrieved June 21, 2018. 
10. ↑ Takeover announcement of Alexis by Novelis In American Recycler Nov. 2018. Retrieved on July 6, 2020 (English)
11. ↑ Confirmation and completion of the acquisition by Novelis . Retrieved July 6, 2020
12. ↑ Aleris: Locations (English)