CHICAGO Constellium NV is considering a sale of its hard-alloy billet plant in Sabart, France, as it looks to focus on "core" rolling and extrusions operations.
The Paris-based aluminum company said the Sabart facility had only "limited synergies" with its core businesses and it is seeking a buyer that would continue to develop the plant, but said it could not guarantee one would be found.
The 34 employees at the Sabart facility were notified of the decision July 19, Constellium said. The plant accounted for 16 million ($21 million) of Constelliums approximately 3.6 billion ($4.7 billion) in revenue in 2012, the company said.
Constellium has already sold or sought to divest other facilities it considers outside of the scope of its core business activities.
In May it sold two aluminum extrusion plants in Franceone in Saint-Florentin and another in Hamto private equity firm OpenGate Capital LLC (amm.com, June 3), and it is seeking a buyer for its precision castings operations in Ussel, France (amm.com, June 5).