# Novelis acquires Aleris Aluminum for $2.6 billion

Novelis, a subsidiary of Hindalco, acquired Aleris Aluminum Corporation of the United States for about $2.6 billion, including assumed debt, becoming the world's largest flat-rolled aluminum products company. The acquisition was announced on July 26, 2018.

- Type: Acquisition
- Announced: 2024-01-15
- Where: United States
- Value: $2.60B
- Status: completed
- Products: flat-rolled aluminum products, aluminum plates, strips, foils, aerospace and military aluminum 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)
- [Aleris Aluminum Corporation](https://endata.com/companies/74974.md) (target)

## Sources

- [haythink.com](https://www.haythink.com/novelis-aluminum-corporation-acquired-aleris-aluminum-corporation-of-the-united-states-and-became-the-worlds-largest-universal-flat-rolled-aluminum-products-frps-company/), 2024-01-15: "The purchase price is about US $ 2.6 billion, including the debt that should be assumed."
- [haythink.com](https://www.haythink.com/noveliss-proposed-us-2-6-billion-acquisition-of-aleris-has-passed-the-antitrust-review-on-condition-that-novelis-divested-its-car-body-business/), 2024-01-15: "The US Department of Justice said on Monday that Novelis's proposed US $ 2.6 billion acquisition of Aleris has passed antitrust review."

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