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Privately held Aleris International Inc. announced the completion of its acquisition of Nichols Aluminum LLC, an aluminum sheet producer.
Privately held Aleris International Inc. announced the completion of its acquisition of Nichols Aluminum LLC, an aluminum sheet producer.
As quoted in the press release:
The acquisition includes two production facilities in Davenport, Iowa, a facility in Decatur, Alabama, and a facility in Lincolnshire, Illinois. The company has agreed to pay $110 million in an all-cash transaction.
Steve Demetriou, chairman and CEO of Aleris, commented:
Adding the Nichols’ sites to our portfolio is consistent with our strategy to grow our geographic footprint, expand our finishing capacity and add supply chain flexibility in our Rolled Products segment in North America – all of which will enhance our level of service to our customers.
Click here to read the full Aleris International Inc. press release.
