Aleris branches out in Brazil with buy of Tomra collection unit
Aug 31, 2005 | 03:39 PM
| Paul Schaffer
Aleris International Inc. has expanded its activities in Brazil by acquiring from Tomra Systems ASA, Asker, Norway, a collection network for discarded aluminum cans.
The acquisition of Tomra Latasa Reciclagem SA and a related corporation cost Aleris $19 million in cash, Tomra said.
Headquartered in Beachwood, Ohio, Aleris produces secondary aluminum from its smelters and rolling mills. A predecessor company purchased Aleris' Brazilian facility, which includes two furnaces, in 2002. That facility is located in Pindamonhangaba near Brazil's only canstock mill, now owned by Atlanta-based Novelis Inc.....
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