Aleris International Exits Chapter 11; Says It’s Well Positioned to Compete Globally

Aluminum manufacturing and recycling firm Aleris International Inc. announced June 1 that it has emerged from Chapter 11, having completed its financial and operational restructuring (In re Aleris International Inc.).

Previously, Aleris International announced May 13 that the U.S. Bankruptcy Court for the District of Delaware entered an order confirming the company’s reorganization plan (22 BBLR 674, 5/20/10). At that time, Aleris indicated that the plan had received substantial support from key U.S. and European secured creditors as well as unsecured creditors. In addition, the company predicted that its plan would become effective and the company and its wholly-owned ...