Aleris Corporation entered into a definitive agreement to be acquired by Zhongwang USA LLC, an investment company owned by Zhongwang International Group Ltd., parent company of China Zhongwang. Under the agreement, Zhongwang USA will acquire Aleris for $1.11 billion in cash for the equity, plus $1.22 billion in net debt. “We are excited about this transition to strategic […]
Constellium N.V. signed and MOU with its Japanese partner UACJ Corporation to expand their existing joint venture to produce automotive body-in-white (BIW) sheet in the U.S. Under the expanded joint venture, the companies contemplate a joint investment in two previously announced 100,000 tonne finishing lines, which would be funded 51% by Constellium and 49% by […]
