Quanex Completes Sale of Nichols Aluminum
April 1, 2014
Quanex Building Products completed the sale of Nichols Aluminum, a wholly owned subsidiary, to Aleris for $110 million in an all-cash transaction. Nichols is an aluminum sheet producer with facilities in Davenport, Iowa; Lincolnshire, Ill; and Decatur, Ala.
"Going forward, our full focus will be on growing our position as a leading window and door component supplier both domestically and internationally," says Bill Griffiths, Quanex chairman, president and CEO.