Exhibit 99.1

LOGO

 

For Information: Sean M. Stack   For Immediate Release
Telephone: (216) 910-3504   May 14, 2008

Aleris Reports First Quarter Results

BEACHWOOD, Ohio –May 14, 2008 – Aleris International, Inc. today reported results for the quarter ended March 31, 2008.

First Quarter Highlights

 

   

Sequential adjusted EBITDA from continuing operations, excluding special items, improved to $79 million in the first quarter of 2008 from $49 million in the fourth quarter of 2007 despite continued softening in the underlying economy

 

   

Successful capacity ramp-up of 160 inch hotmill in Koblenz, Germany; continues our strategic expansion into high value-added aerospace and other end-uses

 

   

Completed sale of Zinc Business for $295 million allowing greater focus on aluminum business

 

   

Announced five plant closings or idlings to drive operating cost reductions, improved productivity and to respond to North American demand declines

 

   

Productivity savings and acquisition synergies totaled $27 million in the quarter which more than offset continued commodity and general inflation

 

   

Strengthened management team with the addition of Roeland Baan as President, Aleris Europe

 

   

Pro forma adjusted EBITDA from continuing operations, including synergies, was $392 million for the twelve months ended March 31, 2008

 

   

Expanded Aleris Board of Directors with the addition of J. Steven Whisler, former Chairman and CEO of Phelps Dodge Corporation

 

1


The following information was filed by Aleris International, Inc. on Wednesday, May 14, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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