Beck Aluminum Alloys, Ltd
NEWS ANNOUNCEMENT NOVEMBER 2016
Beck Aluminum Press Release
Real Alloy Press Release
NEWS ANNOUNCEMENT NOVEMBER 2016SHERMAN OAKS, Calif., November 1, 2016 -- Real industry, Inc. (NASDAQ: RELY) ("Real Industry" or the "Company") today announced that Real Alloy Holding, Inc. ("Real Alloy") has closed on the purchase of select assets of Beck Aluminum Alloys ("Beck Alloys"), a privately-held operator of three secondary aluminum recycling plants in the United States. Beck Alloys' facilities primarily produce high purity foundry alloys from aluminum scrap to supply the automotive, wheel, and recreational equipment casting industries. In addition, Real Alloy has obtained a significant minority equity ownership interest in an affiliated enterprise serving as a broker/distributor of prime aluminum and primary based alloys as part of the transaction.