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.
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.
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
amm.com, June 3), and it is seeking a buyer for
its precision castings operations in Ussel, France (
amm.com, June 5).