Alcoa taking Evermore control as Novelis exits
Jul 16, 2012 | 02:31 PM
| Daniel Fitzgerald
NEW YORK Alcoa Inc. said it will take full ownership of Evermore Recycling LLC at the end of August after reaching an agreement with Novelis Inc., its former partner in the used beverage can (UBC) procurement joint venture.
Alcoa will take control of Evermore effective Aug. 31 and make the entity part of its global packaging division, according to the Pittsburgh-based company. Evermore will continue to be based in Nashville, Tenn.
Meanwhile, Novelis announced in a separate statement Monday that it will establish a new organization for its procurement of UBCs in North America upon its exit from Evermore. Novelis new domestic UBC purchasing arm will be led by Evermore supply chain manager Chris Anderson, the Atlanta-based company said. Anderson will rejoin Novelis effective Aug. 1 and report to Silverio Colalancia, director of recycling at Novelis North America.....
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