Novelis to buy Aleris for $2.6 billion [UPDATED]

Novelis, a subsidiary of India's Hindalco, has agreed to buy US-based downstream aluminium producer Aleris for $2.6 billion, it said on Thursday July 26.

Novelis will acquire Aleris' 13 manufuacturing facilities in North America, Asia and Europe. That includes Aleris's new Lewisport, Kentucky automotive finishing line - with 200,00 tonnes of production capacity -...


Justin Yang

July 26, 2018

12:55 GMT