Aleris Selling Extrusions Business
Aleris signed a definitive agreement to sell its aluminum extrusions business to Sankyo Tateyama Inc., a Japanese building products and extrusions manufacturer. The deal includes four production facilities in Europe and one in China, all of which specialize in the production of medium and hard alloy extrusions serving the rail, automotive and aerospace industries. This agreement follows the company's announcement in October 2014 that it plans to sell its recycling and specification alloys businesses to Signature Group Holdings. Upon the completion of both transactions, Aleris will become a singularly focused global rolled products company with manufacturing sites in North America, Europe and China.