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首页> 外文期刊>Aluminium >Secondary smelting and recycling: Aleris to sell its recycling businesses to Signature
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Secondary smelting and recycling: Aleris to sell its recycling businesses to Signature

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Aleris has signed a definitive agreement to sell its North American and European Recycling and Specification Alloys businesses to an affiliate of Signature Group Holdings. The sale includes 18 production facilities in North America and six in Europe. The facilities offer a wide range of metal recycling services and specification alloy products. Signature has agreed to pay an aggregate of USD525m for the businesses in the form of USD465m in cash with the remainder in cash and preferred shares of Signature Group Holdings, subject to customary post-closing adjustments. Aleris' decision to divest the businesses follows a strategic review process that was announced in April. The transaction is expected to close in the coming months following customary regulatory approvals and closing conditions.

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