Aleris

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title: "Aleris" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["2004-establishments-in-ohio", "aluminum-companies-of-the-united-states", "american-companies-established-in-2004", "apollo-global-management-companies", "bain-capital-companies", "beachwood,-ohio", "companies-that-filed-for-chapter-11-bankruptcy-in-2009", "manufacturing-companies-based-in-ohio", "manufacturing-companies-established-in-2004", "oaktree-capital-management", "tpg-capital-companies", "2020-mergers-and-acquisitions", "american-companies-disestablished-in-2020", "manufacturing-companies-disestablished-in-2020", "defunct-companies-based-in-ohio", "hindalco-industries", "aditya-birla-group"] description: "American companies" topic_path: "geography/united-states" source: "https://en.wikipedia.org/wiki/Aleris" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary American companies ::

::data[format=table title="Infobox company"]

Field	Value
name	Aleris Corporation
logo	Aleris Logo.svg
image	Aleris corporate HQ 02 - Beachwood Ohio (29218109022).jpg
image_caption	The company's headquarters in Beachwood, Ohio, in 2016
native_name_lang
type	Subsidiary
industry	Manufacturing
fate	Acquired by Novelis
predecessor
successor	Novelis
founded
founder
defunct	2020
hq_location_city	Beachwood, Ohio
hq_location_country	United States
num_locations_year
area_served	Worldwide
key_people	Sean Stack (CEO)
products	Aluminum
production_year
revenue_year
income_year
net_income
net_income_year
aum
assets_year
equity_year
owner
members_year
num_employees	5,000
num_employees_year	2015
parent	Novelis
module
ratio
rating
website
::

| name = Aleris Corporation | logo = Aleris Logo.svg | logo_size = | logo_alt = | logo_caption = | logo_padding = | image = Aleris corporate HQ 02 - Beachwood Ohio (29218109022).jpg | image_size = | image_alt = | image_caption = The company's headquarters in Beachwood, Ohio, in 2016 | trading_name = | native_name = | native_name_lang = | romanized_name = | former_name = | type = Subsidiary | traded_as = | ISIN = | industry = Manufacturing | genre = | fate = Acquired by Novelis | predecessor = | successor = Novelis | founded = | founder = | defunct = 2020 | hq_location = | hq_location_city = Beachwood, Ohio | hq_location_country = United States | num_locations = | num_locations_year = | area_served = Worldwide | key_people = Sean Stack (CEO) | products = Aluminum | brands = | production = | production_year = | services = | revenue = | revenue_year = | operating_income = | income_year = | net_income = | net_income_year = | aum = | assets = | assets_year = | equity = | equity_year = | owner = | members = | members_year = | num_employees = 5,000 | num_employees_year = 2015 | parent = Novelis | divisions = | subsid = | module = | ratio = | rating = | website = | footnotes = Aleris Corporation (also Aleris Inc. or Aleris International Inc.) was an American aluminum rolled products producer, based in Beachwood, Ohio. The company had approximately 5,000 employees globally as of mid 2015.

On 15 April 2020, Aleris Corporation was acquired by Hindalco Industries subsidiary Novelis Inc. for $2.8 billion. With the deal closure, Hindalco is now one of the world's largest aluminium makers and Novelis' entered into the high-end aerospace segment.

Corporate affairs

Aleris was an aluminum rolled products producer, based in Beachwood, Ohio, a suburb of Cleveland. The privately held company had approximately 5,000 employees overall, as of mid 2015, around 200 of which are based in Northeast Ohio, including a manufacturing facility in Uhrichsville, Ohio. Aleris has private equity owners, including Apollo Global and Oaktree Capital Management.

Steve Demetriou served as the first chairman and chief executive officer (CEO). Sean Stack became CEO and joined the board of directors in mid 2015. Scott Graves became a non-executive chairman of Aleris' board at the same time.

History

Aleris was established in 2004, the result of a merger between an aluminum recycling company and an aluminum rolled products company. and expanded via acquisitions during its early history. The company acquired Corus Group's aluminum extrusion and rolling businesses for approximately $894 million (€700 million) in 2006, and Wabash Alloys for an undisclosed amount in 2007. Following the Corus acquisition, Aleris had approximately 8,800 employees and more than 40 manufacturing facilities globally.

In February 2009, the Department of Justice filed suit against the company, alleging that 15 of its plants had violated the Clean Air Act by emission of pollutants. Aleris settled the suit with the government in August 2009, and agreed to pay a $4.6 million fine and spend an additional $4.2 million on new pollution controls at its plants. The 2008 financial crisis and the Great Recession caused significant downturns in production, and Aleris experienced a 40 percent volume decline during 2008–2009.

In 2009, the company filed for Chapter 11 bankruptcy, and Apollo, Oaktree Capital, and Sankaty Advisors became owners in 2010. Aleris stabilized its financial position and significantly reduced debt. The company also invested in its facilities, building a new aerospace plate mill in China during the early 2010s, finishing a $70 million expansion of its facility in Duffel Belgium (2013), and improving its plant in Ashville, Ohio, in 2014. The aluminum finishing plant in Decatur was closed before the end of the year to streamline operations. Aleris had more than 40 production facilities in North America, Europe, and Asia, as of October 2014.

In 2015, the company focused on selling its extrusion and recycling businesses, and planned to raise approximately $600 million in capital. The divestitures decreased the number of employees to around 5,000. The company had approximately 7,000 employees in the U.S., Europe, and China at the time, including approximately 340 in Uhrichsville and 250 in Greater Cleveland. Aleris' new aluminum body sheet facility in Lewisport, Kentucky opened in 2017.

China Zhongwang subsidiary Zhongwang USA and Aleris entered into a merger agreement in August 2016, marking the highest offer made by a Chinese firm for an American metal producing company. However, the $2.3 billion ($1.1 billion in cash plus $1.2 billion in debt) Hindalco Industries was working on a $2.5 billion bid to acquire Aleris, as of October 2017,

In 2017 and 2018, Aleris entered into multi-year agreements to supply aluminum to Bombardier Inc. and Boeing, respectively. Aleris is ranked number 690 on the 2019 Fortune 1000.

In March 2019, Aleris was recognized with the accredited supplier award for outstanding quality performance by Airbus for the second consecutive year.

On 15 April 2020, Aleris Corporation was acquired by Hindalco Industries subsidiary Novelis Inc. for $2.8 billion. With the deal closure, Hindalco is now one of the world's largest aluminium makers and Novelis' entered into the high-end aerospace segment.

Metals

Aleris manufactures a number of different alloys, such as AA7022-T651, a member of the 7000 series of alloys, which contains in addition to aluminum, silicon, iron, copper, manganese, magnesium, chromium, zinc, titanium and zirconium. In its Koblenz facility, which used to be called Corus Aluminium Walzprodukte GmbH, it produces alloy AA5059-H131, and for the structural components of aircraft, aluminium-magnesium-lithium alloys in the range 1.3-6.3 mm thick.

References

References

1. Thomas, Tanya. (2020-04-14). "Hindalco closes $2.8-billion acquisition of US-based Aleris Corp".
2. (July 13, 2015). "Aleris Inc. names new CEO". [[Crain Communications]].
3. (October 16, 2017). "Hindalco weighing bid to acquire Aleris Corp of US". [[The Economic Times]].
4. (February 9, 2015). "Reinvention: How Beachwood-based Aleris went from bankruptcy to expanding worldwide". [[The Plain Dealer]].
5. (November 13, 2017). "Chinese aluminium entrepreneur abandons $2.3bn attempt to buy Aleris". Financial Times.
6. (July 5, 2007). "Aleris to buy aluminum producer". Crain's Cleveland Business.
7. "Aleris completes purchase of Corus aluminum business". Reliable Plant.
8. (May 24, 2006). "Aleris Buys Aluminium Assets from Corus". [[The New York Times]].
9. Bentayou, Frank. (August 5, 2009). "Aluminum recycler Aleris International Inc. to pay $4.6 million EPA fine". [[The Plain Dealer]].
10. (May 13, 2010). "Update 1-Aleris reorganization plan confirmed by court". Reuters.
11. (March 15, 2013). "Aleris International opens new aluminum mill in Belgium". The Plain Dealer.
12. (February 10, 2014). "Aleris to acquire Nichols Aluminum from Quanex". Lee Enterprises.
13. (October 15, 2014). "Aleris International announces Nichols Aluminum plant closure, 95 job cuts in Decatur". Advance Publications.
14. (November 22, 2017). "Aleris Launches Kentucky Aluminum Body Sheet Plant". [[Ward's]].
15. (August 29, 2016). "Zhongwang's U.S. Business to Buy Aluminum Company Aleris". [[The Wall Street Journal]].
16. (November 13, 2017). "Zhongwang USA announces termination of proposed $2.3 billion acquisition of Aleris Corp". [[China Daily]].
17. (November 14, 2017). "Aluminium giant China Zhongwang frustrated by US delays calls off Aleris acquisition". [[Alibaba Group]].
18. (January 18, 2018). "Hindalco's Aleris acquisition bid may face competition from Vedanta". [[Mint (newspaper).
19. (October 31, 2017). "Aleris expands supply agreement with Bombardier". Crain's Cleveland Business.
20. (May 3, 2018). "Brief-Aleris Announces Contract with Boeing to Supply Aluminum". Reuters.
21. "Aleris". [[Fortune (magazine).
22. "Airbus honours its top-performing suppliers".
23. Placzankis, Brian E.. (September 2009). "General Corrosion Resistance Comparisons of Medium- and High-Strength Aluminum Alloys for DOD Systems Using Laboratory-Based Accelerated Corrosion Methods". U.S. Army Research Laboratory.
24. (August 2008). "Long-Term Accelerated Corrosion and Adhesion Assessment of CARC Prepared Aluminum Alloy 5059-H131 Using Three Different Surface Preparation Methods". Army Research Laboratory.
25. (May 2008). "Ballistic Performance Testing of Aluminum Alloy 5059-H131 and 5059-H136 for Armor Applications". Army Research Laboratory.
26. "Method for the manufacturing of an aluminium-magnesium-lithium alloy product".

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