# Zhongwang USA to acquire Aleris for $2.33 billion

Zhongwang USA LLC announced an agreement to acquire Aleris for $2.33 billion, including $1.11 billion in cash equity and $1.22 billion in net debt. Aleris will retain its name and personnel.

- Type: Acquisition
- Announced: 2024-01-15
- Where: United States
- Value: $2.33B
- Status: announced
- Products: aluminum flat-rolled products, aluminum extrusions, recycled aluminum
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Aleris](https://endata.com/companies/3656.md) (target)
- [Zhongwang USA](https://endata.com/companies/20670.md) (acquirer)

## Sources

- [haythink.com](https://www.haythink.com/china-aluminum-profile-manufacturer-zhongwang-usa-llc-reached-an-agreement-to-acquire-aleris/), 2024-01-15: "Zhongwang USA LLC announced on August 29, 2016 that it has reached an agreement on the acquisition of Aleris."

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