Tuesday, September 01, 2009

Rollups made of steel

Franklin-based Noranda Aluminum Holding Co. announced yesterday it recently "became the sole owner of Gramercy Alumina LLC (“Gramercy”) and St. Ann Bauxite Limited (“St. Ann”), upon the completion of a previously-disclosed agreement with Century Aluminum Company (together with its subsidiaries, “Century”). Gramercy and St. Ann were each formerly owned 50% by Century. In the transaction Noranda, Gramercy and St. Ann released Century from certain obligations. Separately, Century entered into an agreement to purchase alumina produced at Gramercy through the remainder of 2009."

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