Aleris International, Inc. has entered into a definitive agreement to acquire Wabash Alloys from Connell Limited Partnership. Wabash Alloys produces aluminum casting alloys and molten metal at seven facilities, located in the United States, Canada and Mexico. Closing is expected to occur in the third quarter.
Steve Demetriou, chairman and CEO, stated, "We believe the acquisition of Wabash Alloys will be an excellent strategic fit with Aleris's existing specification alloy operations. The transaction provides outstanding opportunities to broaden our customer base, optimize processing capabilities and enhance our ability to meet the needs of our customers."
Aleris International is produces aluminum rolled products and extrusions, aluminum recycling and specification alloy production. The company also recycles zinc and manufactures zinc metal and value-added zinc products that include zinc oxide and zinc dust. The company has 50 production facilities in North America, Europe, South America and Asia.
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