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Baker Botts’ Global Antitrust Practice Advises American Industrial Partners in Acquisition from Novelis Inc.

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WASHINGTON, D.C., December 2, 2020 - Baker Botts L.L.P. announced today that Commonwealth Rolled Products, a portfolio company of American Industrial Partners has completed its acquisition of Aleris’ former Lewisport automotive and common alloy aluminum rolled products plant from Novelis Inc. Novelis was required to divest the Lewisport plant and a research facility in Madison Heights, Michigan under the terms of a Final Judgment entered by a federal district court after the Department of Justice’s successful litigation challenging the Novelis/Aleris merger on antitrust grounds.

American Industrial Partners, an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989.

The Baker Botts antitrust team, which provided counsel for AIP on this transaction, was led by partner Paul Cuomo and associate Steven Pet. The firm has represented AIP in a number of transactions this year.

 

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