Ropes & Gray Represents American Industrial Partners in its Purchase of the Former Aleris Lewisport Plant
Ropes & Gray represented American Industrial Partners in its purchase of the former Aleris North American automotive body sheet plant in Lewisport, Kentucky from Novelis. In connection with the transaction, the business was renamed Commonwealth Rolled Products. Novelis was required to divest the Aleris North American automotive and common alloy aluminum rolled products business, including the Lewisport plant and Madison Heights, MI research facility, to satisfy U.S. Department of Justice requirements.
The transaction was completed on December 1, 2020. The press release announcing the transaction is available here.
The team advising American Industrial Partners was led by private equity partners Bob Rivollier and Daniel Evans as well as private equity associate Douglas Giannantonio (all of New York), employment, executive compensation & benefits partners Alexandra Alperovich and Megan Bisk (both of Boston), finance partner Stefanie Birkmann (New York), real estate partner Peter Alpert (Boston) and IP transactions partner Violetta Kokolus (New York).