Tag Archives: Zhongwang USA

Zhongwang USA Terminates $2.3 Billion Proposed Acquisition of Aleris Corp.

Zhongwang USA, a Chinese-owned aluminum company, announced that its merger agreement with Aleris Corporation has been terminated per a mutual agreement. The companies entered into the $2.33 billion merger agreement in August 2016. The merger was subject to approval from … Continue reading

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Zhongwang Purchases U.S. Company; AEC Says Deal “Raises Very Serious Concerns”

A major Chinese-owned aluminum company is making a big entrance into the American market amid trade tensions between China and the U.S. aluminum industry. Zhongwang USA, a subsidiary of Zhongwang International Group, is purchasing Cleveland-based aluminum company Aleris for $2.33 … Continue reading

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