One we saw coming Aleris inks agreement to buy wabash alloys

Aug 01, 2007 | 06:19 AM |

The two leading U.S. secondary aluminum smelter groups will become one during the third quarter, provided no glitches derail a definitive agreement for Aleris International Inc. to buy Wabash Alloys LLC from Connell LP for $194 million.

Beachwood, Ohio,-based Aleris touched off industry guesswork regarding possible plant closings and how large a role will be given to Wabash executives in the combined operation. The Wabash, Ind., company is the largest U.S. producer of secondary aluminum alloys.....

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