Novelis completes $2.8B acquisition of Aleris

Novelis Inc., a wholly-owned subsidiary of Hindalco Industries, completed the acquisition of Ohio-based Aleris for an enterprise value of $2.8 billion. The deal includes 13 plants across North America, Europe and Asia, with required divestitures of plants in Lewisport, Kentucky and Duffel, Belgium.

“Hindalco Industries Limited, the Aditya Birla Group metals flagship company, has become the world's largest value-added aluminium downstream player in the world with a global footprint spanning 49 state-of-the-art manufacturing facilities in North America, Europe and Asia.”mnacritique.mergersindia.com

• 3 sources
• mnacritique.mergersindia.comHindalco closes acquisition of Aleris; becomes world’s largest aluminium companyM &amp, A CritiqueMay 7, 2020
• pymnts.comCPI | DOJ Requires Divestiture In Historic Aluminum CaseCPIMay 13, 2020
• govinfo.govFederal Register, Volume 85 Issue 100 (Friday, May 22, 2020)May 22, 2020

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