Aleris to acquire Nichols Aluminum
Cleveland-based Aleris has signed an agreement to acquire Nichols Aluminum LLC, a wholly owned subsidiary of Quanex Building Products Corp. The acquisition includes two flat-rolled aluminum sheet production facilities in Davenport, Iowa; one in Decatur, Ala.; and one in Lincolnshire, Ill.
When the transaction closes, Nichols will become part of Aleris’ Rolled Products North America business, adding more than 500 Nichols employees to the Aleris team.
Aleris is a provider of aluminum rolled products and extrusions, aluminum recycling, and specification alloy production, operating about 40 production facilities in North America, Europe, and Asia.