# Novelis to acquire downstream aluminum producer Aleris for about $2.6 billion

Novelis agreed to acquire Aleris, a global rolled aluminum products supplier, for about $2.6 billion including assumed debt, to diversify its portfolio and expand in Asia and automotive. The deal was announced on July 26, 2018.

- Type: Acquisition
- Announced: 2018-07-26
- Value: $2.60B
- Status: announced
- Products: rolled aluminum products, aerospace aluminum, automotive aluminum, beverage can stock
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Novelis](https://endata.com/companies/2475.md) (acquirer)
- [Aleris](https://endata.com/companies/3656.md) (target)

## Sources

- [investors.novelis.com](https://investors.novelis.com/news-events/press-releases/detail/142/novelis-to-acquire-downstream-aluminum-producer-aleris), 2018-07-26: "Novelis Inc. today announced it has signed a definitive agreement to acquire Aleris Corporation, a global supplier of rolled aluminum products, for approximately $2.6 billion including the assumption of debt."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.