# 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.

- Type: Acquisition
- Announced: 2020-09-30
- Where: United States
- Value: $2.80B
- Status: completed
- Products: aluminium sheets, value-added aluminium products
- 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) (investor)

## Sources

- [mnacritiquemagazine.wordpress.com](https://mnacritiquemagazine.wordpress.com/2020/09/30/hindalco-closes-acquisition-of-aleris-becomes-worlds-largest-aluminium-company/), 2020-09-30: "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."

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