Zhongwang USA to buy aluminum products maker Aleris

August 29, 2016 3:00 PM

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Zhongwang USA to buy aluminum products maker Aleris

Aleris Corp (ALSD.PK), a U.S.-based aluminum rolled products maker, said it would be bought by Zhongwang USA LLC, a division of Zhongwang International Group Ltd, in a $2.33 billion deal.

Zhongwang International is also the parent of China Zhongwang Holdings Ltd (1333.HK), the world's second-largest producer of aluminum extrusions.

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