M&A Deal Summary

Aleris International Acquires Wabash Alloys

On September 11, 2007, Aleris International acquired metals/mining company Wabash Alloys from Connell Limited Partnership

Acquisition Highlights
  • This is Aleris International’s 1st transaction in the Metals/Mining sector.
  • This is Aleris International’s 1st transaction in the United States.
  • This is Aleris International’s 1st transaction in Indiana.

M&A Deal Summary
Date 2007-09-11
Target Wabash Alloys
Sector Metals/Mining
Buyer(s) Aleris International
Sellers(s) Connell Limited Partnership
Deal Type Add-on Acquisition

Target

Wabash Alloys

Wabash, Indiana, United States
Wabash Alloys LLC is a supplier of secondary aluminum alloy, serving customers in the automotive and industrial products industries.

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Buyer(S) 1

Buyer

Aleris International

Cleveland, Ohio, United States
Category Company
Founded 2004
Sector Metals/Mining
Employees5,400
DESCRIPTION

Aleris International is a producer of aluminum rolled products and extrusions, aluminum recycling and specification alloy production. Major customers include some of the world’s largest companies in the aerospace, building and construction, containers and packaging, metal distribution, and transportation industries. Aleris serves these customers with its low-cost, flexible, technically advanced and strategically located manufacturing operations supported by industry-leading research and development.

DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Indiana) 1 of 1
Country (United States) 1 of 2
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-20 U.S. Zinc

Houston, Texas, United States

U.S. Zinc is a provider of value-added zinc products. U.S. Zinc manufactures zinc oxide, zinc dust, and Prime Western grade zinc metal from special high grade (SHG) zinc metal and other zinc secondaries. U.S. Zinc was founded in 1949 and is based in Houston, Texas.

Sell $295M

Seller(S) 1

SELLER

Connell Limited Partnership

Boston, Massachusetts, United States
Category Private Equity Firm
Founded 1987
Size Small
Type Sector Agnostic
DESCRIPTION

Connell Limited Partnership is a private acquisition group that targets companies in the industrial manufacturing sector. Connell has a particular interest in businesses engaged in the metallurgy and manufacturing of metal products. Connell was formed in 1987 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 2 of 7
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (Indiana) 1 of 1
Country (United States) 2 of 5
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-17 Alstom Heat Exchange - Ecolaire

Levallois Perret, France

Alstom Heat Exchange - Ecolaire provides steam surface condensers, power plant condensers, direct contact condensers, turbine isolation dampers, steam jet air ejectors, heat exchangers, and vacuum deaerators.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 AIP Punch

United States

AIP Punch is a punch manufacturer principally serving the automotive industry.

Buy -
Mergr

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