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Aleris

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Aleris

Aleris International, Inc.
Private Subsidiary
Industry Manufacturing
Predecessor Commonwealth Industries, Inc.
IMCO Recycling Inc.[1]
Founded December 9, 2004 (2004-12-09)[1]
Headquarters Beachwood, Ohio, USA
Number of locations
40 production facilities[1]
Area served
Worldwide
Key people
Steven J. Demetriou (Chairman and CEO)[1]
Products Aluminum products; recycled and aluminum alloy products
Owner Texas Pacific Group[1] (pre-bankruptcy)
Number of employees
over 6,500[1]
Website www.aleris.com

Aleris International, Inc. is one of the largest private companies in the United States, as ranked by Forbes in 2011.[2] It is a producer of aluminum rolled and extruded products, recycled aluminum, and specification aluminum alloy manufacturing. Its headquarters are in Beachwood, Ohio, a suburb of Cleveland, and it has access to 40 production facilities across the world.[1]

Aleris was formed in 2004 through the merger of Commonwealth Industries, Inc. and IMCO Recycling Inc.[1][3]

In February 2009, the US Justice Department filed suit against Aleris alleging that 15 of its plants had violated the Clean Air Act by emission of pollutants. In August 2009, Aleris settled the suit with the government, and agreed to pay a $4.6 million fine and spend an additional $4.2 million on new pollution controls at its plants.[4][5]

Aleris filed for Chapter 11 bankruptcy on 12 February 2009.[6] It announced plans in May 2010 to exit bankruptcy as a privately held company owned by investment funds of Apollo Management, Oaktree Capital Management, and Sankaty Advisors.[7][8]

References

  1. ^ a b c d e f g h
  2. ^
  3. ^
  4. ^
  5. ^ http://www.usdoj.gov/enrd/1705.htm US Justice Dept, US vs Aleris International, August 2009
  6. ^
  7. ^
  8. ^

External links

  • Aleris
  • Aleris International Historical SEC Filings


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