ALVANCE completed the acquisition of Aleris Aluminum Duffel from Novelis for $364m.

ALVANCE, an international aluminium business of the GFG Alliance, completed the acquisition of Aleris Aluminum Duffel, an aluminium recycling and rolling mill, from Novelis, a provider of aluminum rolling and recycling services, for $364m. "ALVANCE is clearly a leader in offering low carbon and high-quality aluminium product to a growing market. We are building a new aluminium business at a time when other aluminium producers are leaving Europe for lower cost territories. We believe that our growing aluminium value chain based on low carbon production of a high-quality material with proximity to our customers can not only compete with products from further afield but outclass them. I’m delighted to welcome the workers at Duffel to join the Alliance on its journey to realise our vision together," Arnaud de Weert, ALVANCE Chief Executive Officer.