On the Record · Novelis

Novelis acquisitions, on the record

The businesses Novelis bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Aleris Word for word“In connection with the acquisition of Aleris, which closed in April 2020, we were obligated to divest Aleris' European and North American automotive assets, including the Duffel plant, as a result of the antitrust review processes in the European Union, the U.S., and China required for approval of the acquisition.” 10-K for 2024	acquisition	April 2020	—
Duffel plant (sold to Liberty House Group through its subsidiary, ALVANCE) Word for word“On September 30, 2020, we completed the sale of Duffel to Liberty House Group through its subsidiary, ALVANCE, the international aluminum business of the GFG Alliance.” 10-K for 2024	divestiture	On September 30, 2020	—
Duffel (acquired by American Industrial Partners Capital Fund VII, L.P.) Word for word“In June 2022, Duffel was acquired by American Industrial Partners Capital Fund VII, L.P. (together with its affiliates, "AIP").” 10-K for 2024	divestiture	In June 2022	—
AV Metals, Inc. Word for word“Effective September 1, 2022, Novelis Inc. and AV Metals, Inc. (which, prior to such date, was our sole shareholder and a wholly owned subsidiary of AV Minerals (Netherlands) N.V.) completed a plan of arrangement, pursuant to which AV Metals, Inc. merged with and into Novelis Inc., with Novelis Inc. surviving the merger.” 10-K for 2024	merger	Effective September 1, 2022	—
Duffel Word for word“In the second quarter of fiscal 2021, we closed on the sale of Duffel to ALVANCE.” 10-K for 2025	divestiture	In the second quarter of fiscal 2021	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Goodwill from acquisitions
2019-03-31	$0	—
2020-03-31	$0	—
2021-03-31	$2.61 billion	$469 million
2022-03-31	$0	—
2023-03-31	$7 million	—
2024-03-31	$0	—
2025-03-31	$2 million	—
2026-03-31	$0	—

Deal filings since 2016

2026-07-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-06-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-03-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-02-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-12-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-09-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-08-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-06-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-03-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-01-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-12-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-05-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-09-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-04-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-09-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2022-08-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-01-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-08-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-03-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-12-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-08-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-04-14 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-02-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-01-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-12-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-04-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-12-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-07-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-09-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-01-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-09-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-08-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Novelis’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-05-19. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.