Deal Note: Crowell & Moring Client Signature Holdings to Acquire World’s Largest Independent Aluminum Recycler
Washington, D.C. – October 17, 2014: Signature Group Holdings, Inc. announced today that it has entered into a definitive stock purchase agreement to acquire the Global Recycling and Specification Alloys business of privately-held Aleris Corporation for $525 million. The Board of Directors of Signature unanimously approved the proposed transaction. The transaction is subject to customary closing conditions, including regulatory approvals and clearance under the Hart-Scott Rodino Antitrust Improvements Act. This marks the entry of Signature into the resurgent aluminum market in North America and Europe. Crowell & Moring LLP represented Signature in this matter.
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