![]() With the addition of Aleris’ operational assets and workforce, Novelis is poised to more efficiently serve the growing Asia market by integrating complementary assets in the region including recycling, casting, rolling and finishing capabilities. At the same time, with this further expansion in our aluminum portfolio, we have taken a decisive step towards a more sustainable future.” Through the creation of an industry champion, we are reinforcing our commitment to our customers, employees and shareholders. “The Aleris deal crucially enables the further diversification of our metals portfolio into other premium market segments, most notably aerospace. This is a long- term strategic bet, much like Novelis was in 2007,” said Kumar Mangalam Birla, Chairman Aditya Birla Group and Novelis Inc. Periods of turmoil have historically seen the emergence of champions, powered by quality leadership and sound business fundamentals. The closure of this deal amidst challenging market conditions, reflects our conviction in the Aleris business and its value to our metals portfolio. ![]() “The Aleris deal marks a major milestone for Novelis, on its path to global leadership. As a result, Novelis is now even better positioned to meet increasing customer demand for aluminum by expanding its innovative product portfolio creating a more skilled and diverse workforce and deepening its commitment to safety, sustainability, quality and partnership. Transaction diversifies product portfolio with addition of aerospace enhances strategic position in Asia.ĪTLANTA, ApNovelis Inc., the world leader in aluminum rolling and recycling, today announced the completion of its acquisition of Aleris Corporation, a global supplier of rolled aluminum products.
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