BEACHWOOD, Ohio, Oct. 3 /PRNewswire-FirstCall/ -- Aleris International,
Inc. (NYSE: ARS) announced today the completion of the purchase of ALSCO
Holdings, Inc., the parent company of ALSCO Metals Corporation.
"We are pleased to have closed the transaction and to begin the
integration process," said John Wasz, Executive Vice President and President,
Aleris Rolled Products.
"The combination with Aleris will enhance our ability to serve our
customers in the aluminum building products industry," said Larry Hipps,
President of ALSCO Metals Corporation.
Aleris International, Inc. is a major North American manufacturer of
common alloy aluminum sheet and is a global leader in aluminum recycling and
the production of specification alloys. 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
33 production facilities in the U.S., Brazil, Germany, Mexico and Wales, and
employs approximately 4,000 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
(Logo: http://www.newscom.com/cgi-bin/prnh/20050504/CLW056LOGO )
SOURCE Aleris International, Inc.
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Related links:
http://aleris.com
Photo Notes:
NewsCom:
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, Executive Vice President
and Chief Financial Officer of Aleris International, Inc.,
+1-216-910-3503
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