Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • ITEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
January 28, 2008 01:00 AM

Votorantim completes U.S. Zinc acquisition

Susan Zimmerman
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Privately held Brazilian conglomerate Votorantim Group has completed its acquisition of U.S. Zinc from Beachwood-based Aleris International Inc.

    As outlined in a definitive agreement reached in November, Votorantim Metais-commonly known as Votorantim Metals-purchased U.S. Zinc for about $295 million, with adjustments for working capital and other items.

    ``We see this change as very positive for U.S. Zinc (and) our valued customers, and one that will enhance both our supply and purchase offerings,'' said Ed Smith, U.S. Zinc director of sales.

    U.S. Zinc, based in Houston, has zinc metal operations in Pittsburgh; Spokane., Wash.; Coldwater, Mich.; and Houston. It produces zinc dust in Texas and zinc oxide at facilities in Millington, Tenn., and Clarksville, Tenn. It also has a new production facility in China.

    Zinc was already Votorantim Metals' largest business, accounting for 39 percent of the unit's revenues. Adding U.S. Zinc makes the company the world leader in the zinc industry and brings the company's total annual zinc oxide production to 131,000 metric tons-45,000 in Brazil, 70,000 in Tennessee and 16,000 in China.

    Votorantim, founded in 1918, also operates cement, pulp and paper, specialty chemicals, energy, orange juice and banking units. Unaudited total 2007 revenues for all business units were $19.4 billion, the company said. It has about 60,000 employees in 14 countries.

    Votorantim Metals is a producer of zinc dust and a zinc recycler, and makes aluminum, nickel and long steel. Its other operations are in Argentina, the U.S., Peru and Colombia.

    Aleris, now focusing on its core aluminum businesses, said it plans to use the proceeds to reduce outstanding debt. Aleris retains 50 factories in North and South America, Europe and Asia, employing about 8,900.

    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Wacky World of Rubber: The true story behind the rubber match
    2
    Stakes high as global NR industry urgently seeks alternate supply
    3
    Updated: Conti fined for compound mixer explosion, shears accident
    4
    ExxonMobil to increase olefinic capacity with $2 billion expansion
    5
    Uth: Investment in solar power a reflection of success
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • ITEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION