Aleris to sell extrusions business to Sankyo Tateyama

Aleris, Cleveland, a privately held, global provider of aluminum rolled products and extrusions, aluminum recycling, and specification alloy production, has signed a definitive agreement to sell its aluminum extrusions business to Sankyo Tateyama Inc., a Japanese building products and extrusions manufacturer. The sale includes four production facilities in Europe and one in China. The facilities produce medium- and hard-alloy extrusions for the rail, automotive, and aerospace industries. The transaction is expected to close in Q1 2015.

The announcement of the extrusions transaction follows the company's announcement in October that it plans to sell its recycling and specification alloys businesses to Signature Group Holdings. Upon the completion of both transactions, Aleris will become a singularly focused global rolled products company with manufacturing sites in North America, Europe, and China.