# Hindalco to acquire Aleris Corp. for $2.58 billion

Hindalco Industries agreed to acquire US-based aluminium sheet maker Aleris Corp. for $2.58 billion through its subsidiary Novelis. The deal is expected to close within 9-15 months, subject to regulatory approvals.

- Type: Acquisition
- Announced: 2018-09-04
- Where: United States
- Value: $2.58B
- Status: announced
- Products: aluminium sheet
- 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)
- [Hindalco Industries](https://endata.com/companies/13368.md) (acquirer)

## Sources

- [iloconsulting.in](https://www.iloconsulting.in/knowledge-center/aleris-acquisition-makes-hindalco-largest-aluminium-company-world), 2018-09-04: "The merger will have synergies of $150 million."

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