BEACHWOOD, Ohio, Aug. 31 /PRNewswire-FirstCall/ -- Aleris International,
Inc. (NYSE: ARS) announced today that it has acquired Tomra Latasa Reciclgem,
a recycling operation in Sao 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. We are 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. For more information about the
Company, please visit our Web site at http://www.aleris.com .
SAFE HARBOR REGARDING FORWARD-LOOKING STATEMENTS
Forward-looking statements made in this news release are made pursuant to
the safe harbor provision of the Private Securities Litigation Reform Act of
1995. These include statements that contain words such as "believe,"
"expect," "anticipate," "intend," "estimate," "should" and similar expressions
intended to connote future events and circumstances, and include statements
regarding future earnings and earnings per share; future improvements in
margins, processing volumes and pricing; overall 2005 operating performance;
anticipated strengthened automotive volumes; expected cost savings; and
anticipated synergies resulting from the merger. Investors are cautioned that
all forward-looking statements involve risks and uncertainties, and that
actual results could differ materially from those described in the forward-
looking statements. These risks and uncertainties would include, without
limitation, Aleris' ability to effectively integrate the business and
operations of Commonwealth; downturns in automotive production in the U.S. and
Europe, the financial condition of Aleris' customers and future bankruptcies
and defaults by major customers; the availability at favorable cost of
aluminum scrap and other metal supplies that the Company processes; the
ability of the Company to enter into effective metals, natural gas and other
commodity derivatives; future natural gas and other fuel costs of the Company;
a weakening in industrial demand resulting from a decline in U.S. or world
economic conditions caused by terrorist activities or other unanticipated
events; future utilized capacity of the Company's various facilities; future
decreases in recycling outsourcing by primary producers; restrictions on and
future levels and timing of capital expenditures; retention of the Company's
major customers; the timing and amounts of collections; the future mix of
product sales vs. tolling business; currency exchange fluctuations; future
write-downs or impairment charges which may be required because of the
occurrence of some of the uncertainties listed above; and other risks listed
in the Company's filings with the Securities and Exchange Commission,
including but not limited to the Company's quarterly reports on Form 10-Q for
the periods ended March 31, 2005 and June 30, 2005 and its annual report on
Form 10-K for the fiscal year ended December 31, 2004, particularly the
sections entitled "Risk Factors" contained therein.
SOURCE Aleris International, Inc.
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Related links:
http://www.aleris.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20050504/CLW056LOGO
AP Archive: http://photoarchive.ap.org PRN Photo Desk
photodesk@prnewswire.com
CONTACT:
Michael D. Friday of Aleris International,
Inc., +1-216-910-3503
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