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Constellium seeks buyer for French hard-alloy billet plant

Keywords: Tags  Constellium, Sabart, hard-alloy billet, divestiture, sale, noncore, aluminum, Michael Cowden


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 Constellium’s 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 France—one in Saint-Florentin and another in Ham—to 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).


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