Novelis completes acquisition of Aleris for $2.8 billion

Novelis Inc., wholly owned subsidiary of Hindalco Industries, has 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.”mnacritiquemagazine.wordpress.com

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• mnacritiquemagazine.wordpress.comHindalco closes acquisition of Aleris; becomes world’s largest aluminium companyView all posts by M&A CritiqueSep 30, 2020

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