WebApr 14, 2024 · ATLANTA, April 14, 2024 /PRNewswire/ -- Novelis Inc., the world leader in aluminum rolling and recycling, today announced the completion of its acquisition of Aleris Corporation, a global supplier ... WebThrough this acquisition, Hindalco and Novelis aim at diversifying their metals downstream portfolio into the aerospace market. Aleris is a US-based manufacturer of aluminum rolled products for various industries including aerospace, building and construction, automotive, industrial manufacturing, and commercial transportation.
Novelis Receives Last Clearance for Aleris Acquisition
WebApr 8, 2024 · Apr. 8, 2024, 07:00 AM ATLANTA, April 8, 2024 /PRNewswire/ -- Novelis Inc., the world leader in aluminum rolling and recycling, today announced it has received the … WebMar 9, 2024 · Novelis will now work to divest Aleris' North American automotive business, including the Lewisport, Kentucky, plant, but can close the acquisition prior to divesting those assets. In order to close its acquisition of Aleris, Novelis must receive EC approval of the buyer of Aleris' Duffel plant. how to join dynamax adventures with friends
Mergers: Commission clears Novelis
WebSep 30, 2024 · ATLANTA, Oct. 2, 2024 /PRNewswire/ -- Novelis Inc., the world leader in aluminum rolling and recycling, today announced it has sold the former Aleris plant in … WebMay 12, 2024 · Update on Aleris Acquisition and Integration On April 14, 2024, Novelis closed its acquisition of Aleris Corporation. The results from continuing operations reported today for the quarter and fiscal year ending March 31, 2024 include results of the acquired business from the date of closing. WebMay 12, 2024 · The rapid deleveraging from 3.8x at the close of the Aleris acquisition in the first quarter of fiscal 2024 is a factor of strong free cash flow generation driven by higher Adjusted EBITDA. Over the last three quarters, Novelis has reduced its gross debt by ... Novelis' acquisition of Aleris is expected to provide a strong pro-forma financial ... how to join eat bulaga bawal judgemental