Ormet wins court OK to sell alumina refinery to Almatis

Nov 12, 2013 | 05:20 PM | Michael Cowden

Tags  Ormet, Almatis, Burnside refinery, alumina, alumina refinery, United Steelworkers union, USW, Hannibal smelter John Kasich

CHICAGO — Bankrupt Ormet Corp. has received permission to sell its alumina refinery in Burnside, La., to Almatis Inc.

The sale is in the best interest of the Hannibal, Ohio-based aluminum producer and creditors, and represents the "highest and best" offer received by Ormet after a previous sale fell apart, according to a Nov. 12 order signed by Judge Mary F. Walrath and filed in U.S. Bankruptcy Court in Delaware.....

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