Aleris completes deal for Nichols Aluminum

The aluminum producer Aleris, headquartered in Cleveland, has completed its acquisition of Nichols Aluminum LLC, a producer of aluminum sheet for the transportation, building and construction, machinery and equipment, consumer durables, and electrical industries in North America. In making the deal, Aleris says the acquisition will provide it with greater efficiency and flexibility to serve customers.

Nichols, which uses aluminum scrap grades in its reverberatory furnaces, has two production facilities in Davenport, Iowa; a facility in Decatur, Ala.; and a facility in Lincolnshire, Ill. Nichols says that it has a large recycled-content percentage in its aluminum 3105 and 3004A alloys products.

The deal was first announced on Feb. 10, 2014, and Aleris agreed to pay 110 million in an all-cash transaction.
Aleris’ area of expertise is producing aluminum rolled and extruded products, recycling and specification alloys.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.