Announced
Financials
Sources
Tags
United States
Private Equity
Disposal
automotive body sheets
Infrastructure
Single Bidder
Majority
Friendly
Acquisition
Pending
Auto Parts
Domestic
Private
Synopsis
American Industrial Partners, a private equity firm, agreed to acquire the former Aleris Lewisport automotive body sheet plant from Novelis, an American industrial aluminum company, for $171m. Novelis announced in April it had acquired rolled aluminum producer Aleris plants across North America, Europe and Asia. But, Novelis was required to divest some of Aleris’ assets to satisfy US Department of Justice regulations.
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