Aleris Files for Orderly Liquidation of Cap de la Madeleine Facility

Posted by anzhuo on December 29th, 2015

    BEACHWOOD, Ohio, March 30 /PRNewswire/ -- An indirect Canadian subsidiary of Aleris International, Inc., today filed a voluntary assignment in bankruptcy pursuant to the Bankruptcy and Insolvency Act (Canada) in order to effect an orderly liquidation of the assets, property and operations of its former aluminum rolling mill facility located in Cap de la Madeleine, Quebec. As previously announced, the Cap de la Madeleine plant ended production in July 2008. The bankruptcy assignment is being made by Aleris Aluminum Canada S.E.C./Aleris Aluminum Canada, L.P. ("Canada LP"), and RSM Richter Inc. has been appointed as trustee.Since closure of the plant last year, Canada LP has been winding down its activities in anticipation of permanent closure. Canada LP determined that as a result of its circumstances -- including having significant liabilities without any underlying operations -- a bankruptcy filing was required. Aleris's other Canadian subsidiary located in Mississauga, Ontario, remains in operation, and as a separate legal entity is not part of the bankruptcy filing.

    Aleris's operations in Europe, Asia, South America, and Mexico are likewise unaffected. Aleris's U.S. operations filed for voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code on February 12, 2009, and are continuing to operate in the normal course. No other Aleris units are analogous to the facility in Cap de la Madeleine or need to file for liquidation.About Aleris Aleris International, Inc. is a global leader in aluminum rolled products and extrusions, aluminum recycling and specification alloy production. Headquartered in Beachwood, Ohio, a suburb of Cleveland, the Company operates over 40 production facilities in North America, Europe, South America and Asia, and employs approximately 8,400 employees. For more information about Aleris,

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