Aleris completes sale of Recycling and Specification Alloys businesses

Aleris, a provider of aluminum rolled products based in Cleveland, has completed the sale of its 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 sale allows the company to place a stronger focus on aluminum rolled products in preparation for projected growth in such industries as automotive, aerospace, and U.S. building and construction.