Aleris
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Aleris
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| Type | Private |
|---|---|
| Industry | Manufacturing |
| Predecessor(s) | Commonwealth Industries, Inc. IMCO Recycling Inc.[1] |
| Founded | December 9, 2004[1] |
| Headquarters | Beachwood, Ohio, USA |
| Number of locations | 40 production facilities[1] |
| Area served | Worldwide |
| Key people | Steven J. Demetriou (Chairman and CEO)[1] |
| Products | Aluminum products; recycled and aluminium alloy products |
| Owner(s) | Texas Pacific Group[1] (pre-bankruptcy) |
| Employees | over 6,500[1] |
| Website | www.aleris.com |
Aleris International, Inc. is one of the largest private companies in the United States, as ranked by Forbes in 2011. [2] It is a producer of aluminum rolled and extruded products, recycled aluminum, and specification aluminum alloy manufacturing. Its headquarters are in Beachwood, Ohio, a suburb of Cleveland, and it has access to 40 production facilities across the world.[1]
Aleris was formed in 2004 through the merger of Commonwealth Industries, Inc. and IMCO Recycling Inc.[1]
In February 2009, the US Justice Department filed suit against Aleris alleging that 15 of its plants had violated the Clean Air Act by emission of pollutants. In August 2009, Aleris settled the suit with the government, and agreed to pay a $4.6 million fine and spend an additional $4.2 million on new pollution controls at its plants.[3][4]
Aleris filed for Chapter 11 bankruptcy on 12 February 2009.[5] It announced plans in May 2010 to exit bankruptcy as a privately-held company owned by investment funds of Apollo Management, Oaktree Capital Management, and Sankaty Advisors.[6][dated info]
References
- ^ a b c d e f g h "About Aleris". Beachwood, Ohio: Aleris International. http://www.aleris.com/about-aleris. Retrieved 2010-05-14.
- ^ DeCarlo, Scott; Murphy, Andrea D.. Forbes. http://www.forbes.com/lists/2011/21/private-companies-11_rank.html.
- ^ Bentayou, Frank (2009-08-04). "Aluminum recycler Aleris International Inc. to pay $4.6 million EPA fine". The Plain Dealer (Cleveland, Ohio). http://www.cleveland.com/business/index.ssf/2009/08/aluminum_recycler_aleris_inter.html.
- ^ http://www.usdoj.gov/enrd/1705.htm US Justice Dept, US vs Aleris International, August 2009
- ^ "Restructuring". Beachwood, Ohio: Aleris International. http://www.aleris.com/about-aleris/restructuring. Retrieved 2010-05-14.
- ^ Nadgir, Santosh (2010-05-13). "Aleris reorganization plan confirmed by court (UPDATE 1)". Reuters. Bangalore. http://www.reuters.com/article/idUSSGE64C0KT20100513. Retrieved 2010-05-14.
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