Novelis has signed a definitive agreement to acquire Aleris Corporation, a global supplier of rolled aluminium products.

“Acquiring Aleris is the right opportunity at the right time as they are set for transformational growth. The significant investments they’ve made in the high-demand, high-value aerospace and automotive segments have resulted in favorable long-term, global contracts. These investments, coupled with a diverse and talented workforce, will add tremendous value to our organization and allow us to deliver the highest quality innovative aluminum solutions to our customers," says Steve Fisher, President and CEO, Novelis Inc.