Aleris

With the deal closure, Hindalco is now one of the world's largest aluminium makers and Novelis' entered into the high-end aerospace segment.

[4] Aleris operated as a portfolio company of Texas Pacific Group,[6] and expanded via acquisitions during its early history.

[8] In February 2009, the Department of Justice filed suit against the company, alleging that 15 of its plants had violated the Clean Air Act by emission of pollutants.

[9] The financial crisis of 2007–2008 and Great Recession caused significant downturns in production, and Aleris experienced a 40 percent volume decline during 2008–2009.

[4] Aleris acquired Nichols Aluminum and its production facilities in Davenport, Iowa, Decatur, Alabama, and Lincolnshire, Illinois, for $110 million cash in 2014.

[14] In 2015, the company focused on selling its extrusion and recycling businesses, and planned to raise approximately $600 million in capital.

[25] In March 2019, Aleris was recognized with the accredited supplier award for outstanding quality performance by Airbus for the second consecutive year.

With the deal closure, Hindalco is now one of the world's largest aluminium makers and Novelis' entered into the high-end aerospace segment.