Copying and distributing are prohibited without permission of the publisher
Aleris to acquire Nichols Aluminum
February 11, 2014 - 01:51 GMT
Aleris International has signed a definitive agreement to acquire Nichols Aluminum, a wholly-owned subsidiary of Quanex Building Products Corp, for $110 million in an all-cash transaction, Aleris said on Monday February 10.
The acquisition will provide added supply chain flexibility
by "combining complementary production capabilities", a
spokesman for Cleveland-based Aleris - a major producer of
common alloy, high-recycled-content aluminium sheet - told
Metal Bulletin sister title AMM. "Nichols has a long history of
producing flat-rolled aluminium sheet products for customers in
a number of key industries across North America and we look
forward to continuing that long-standing tradition," Steven J
Demetriou, Aleris chairman and ceo, said in statement, noting
that "this acquisition is consistent with our strategy to
expand our footprint and enhance our capabilities to ensure we
are well-positioned to...
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.
Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.
If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.
A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 15 years of intelligence. Start your subscription today.
Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.