Signature Group Holdings, Inc. announced that it has completed the acquisition of the Global Recycling and Specification Alloys business of Aleris Corporation for $525 million. Signature will operate the business going forward as "Real Alloy." Terry Hogan, Senior Vice President of GRSA's North America division has been named President of Real Alloy effective February 27, 2015. Russell Barr, Vice President of GRSA's European operations will serve as Executive Vice President of Real Alloy Europe, also effective February 27, 2015.