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U.S.-based Aleris International, Inc. announced that it has acquired Tomra Latasa Reciclagem, a recycling operation in São Paulo, Brazil, from Tomra Systems ASA of Norway.
Steve Demetriou, Chairman and Chief Executive Officer of Aleris International, Inc. stated, "The acquisition of the Tomra Brazilian recycling operations is an excellent strategic fit with Aleris' existing Brazilian recycling operations.
"It will provide greater access to aluminum scrap, complementary manufacturing operations and stronger customer relationships, which should allow Aleris to accelerate our profitable expansion in this high growth region."
Aleris International, Inc. is a global leader in aluminum recycling and the production of specification alloys and is a major North American manufacturer of common alloy sheet.
The company is also a leading manufacturer of value-added zinc products that include zinc oxide, zinc dust and zinc metal.
Headquartered in Beachwood, Ohio, a suburb of Cleveland, the company operates 28 production facilities in the U.S., Brazil, Germany, Mexico and Wales, and employs approximately 3,200 employees.
Aleris International - www.aleris.com
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