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Slide #55. Aleris — Nichols Aluminum
Nichols Aluminum (NYSE:NX)
Aleris announced today that it has signed a definitive agreement to acquire Nichols Aluminum, LLC, a wholly owned subsidiary of Quanex Building Products Corporation (NYSE: NX), and a leading producer of aluminum sheet for the transportation, building and construction, machinery and equipment, consumer durables, and electrical industries in North America. The acquisition includes two production facilities in Davenport, Iowa, a facility in Decatur, Alabama, and a facility in Lincolnshire, Illinois. The company has agreed to pay $110 Million in an all-cash transaction.
Buy (3.00 out of 4)
(ranked lower than approx. 63% of all stocks covered)
Based on Zacks ABR data;
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