# 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.

- Type: Acquisition
- Announced: 2020-05-07
- Where: Ohio, United States
- Value: $2.80B
- Status: completed
- Products: aluminium sheets, value-added aluminium downstream products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Novelis](https://endata.com/companies/2475.md)
- [Novelis](https://endata.com/companies/2475.md) (acquirer)
- [Aleris](https://endata.com/companies/3656.md) (target)
- [Hindalco Industries](https://endata.com/companies/13368.md) (partner)

## Sources

- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/hindalco-acquisition-aleris/), 2020-05-07: "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."
- [pymnts.com](https://www.pymnts.com/cpi-posts/doj-requires-divestiture-in-historic-aluminum-case/), 2020-05-13: "Today’s proposed divestiture preserves competition in the market for aluminum automotive body sheet and protects automakers and American consumers by requiring the full divestiture of Aleris’s North American aluminum automotive body sheet operations."
- [govinfo.gov](https://www.govinfo.gov/content/pkg/FR-2020-05-22/html/2020-11073.htm), 2020-05-22: "The proposed Final Judgment, filed on May 12, 2020, requires Novelis Inc. to divest Aleris Corporation's North American aluminum ABS operations in their entirety."

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