Aditya Birla Groupâs Novelis to buy Aleris in $2.6 bn deal 
Aditya Birla Group firm Hindalco Industries' US subsidiary Novelis has agreed to buy aluminium producer Aleris Corporation for about $2.6 billion including debt. Novelis will acquire Aleris' 13 manufacturing facilities across North America, Asia and Europe. The combined entity will have a revenue of about $15 billion and will operate 37 facilities with an employee base of around 16,500.