BEACHWOOD, Ohio, Dec. 22, 2010 /PRNewswire/ -- Aleris International, Inc. has completed the sale of its operations in Brazil to MCN Empreendimentos e Participacoes Ltda. The transaction includes assets associated with 11 scrap collection centers located throughout Brazil and two melting sites in Pindamonhangaba, Brazil.
"Aleris remains committed to the growth of all its businesses in emerging economies, including Brazil, as evidenced by our recent announcements about our expansion in China," said Steven J. Demetriou, Aleris chairman and chief executive officer. "The completion of this transaction enables us to better position Aleris to pursue future opportunities in Brazil and other high-growth areas."
Aleris International, Inc. is a privately-held, global leader in aluminum rolled products and extrusions, aluminum recycling and specification alloy production. Headquartered in Beachwood, Ohio, the company operates more than 40 production facilities in the Americas, Europe and Asia. For more information, visit www.aleris.com.
SOURCE Aleris International, Inc.