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Article Excerpt
The big story: Aleris International Inc., a producer and recycler of aluminum products that's based in Beachwood, said its U.S. subsidiaries filed for Chapter 11 bankruptcy protection from creditors. Aleris, which is owned by private equity firm TPG, said it took the step due to "financial constraints related to deteriorating demand, earnings and liquidity caused by the steep decline in global economic conditions. The company's European, Asian, South American, Mexican and Canadian operations were not included in the...
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More articles from Crain's Cleveland Business
What's New.(Versa Scrub Green)(Brief article), February 16, 2009
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