Metals News Hubb
Advertisement Banner
  • Home
  • News
  • Metallurgy
  • Contact
No Result
View All Result
  • Home
  • News
  • Metallurgy
  • Contact
No Result
View All Result
Gourmet News Hubb
No Result
View All Result
Home Metallurgy

Constellium Completes Sale Of Ussel Aluminium Casting Plant To Noe Industries – Aluminium Insider

admin by admin
February 4, 2023
in Metallurgy


European value-added aluminium firm Constellium NV announced this week the sale of its Ussel facility to French investment company Noe Industries.

The Ussel facility specializes in precision aluminium casting. Its book of business largely consists of aerospace and defense sector clients.

In 2021 the plant boasted a revenue of €20 million (US$21.6 million) and is operated by a workforce of 250 workers.

Constellium says the transaction has already cleared regulatory hurdles and has been approved of by the relevant labor unions. The specific terms of the deal remain confidential.

Noe Industries is an investment fund specializing in rehabilitating distressed French businesses. The organization was founded and financed by industrial and business experts to offer capital and expertise to such companies. It boasts €30 million (US$32.3 million) in available capital and specializes in firms that produce between €20 million (US$21.6 million) and €80 million (US$86.4 million) in annual revenue.

Constellium, based in France, was founded 1855 as Henri Merle et Compagnie and subsequently renamed Pechiney in 1950. Pechiney was purchased by Alcan in 2003, which was purchased by Rio Tinto in 2007. In 2011 Rio Tinto sold Alcan Engineered Products to Apollo Management (51%) and FSI (10%). Constellium produces rolled and extruded aluminium products from various alloys, bringing in €6.2 billion of revenue in 2021.



Source link

Previous Post

Billionaire eyes investment in Argentina energy or mining

Next Post

What Is The Most Important Subject Persons Can Investigate And Reflect Upon?

Next Post

What Is The Most Important Subject Persons Can Investigate And Reflect Upon?

Recommended

What is a Troy Ounce & Why Does it Matter?

5 months ago

E3 Lithium receives $20 million investment from Canada’s Strategic Innovation Fund

4 months ago

Standard Lithium retools operations after short seller’s attacks

7 months ago

French lithium mine project unveiled in electric car race

5 months ago

Controlled Collapse Of The Power Grid! Fuel Shortage Worsens As Globalists Push Crazy Policies – Silver Doctors

5 months ago

Time for the Monetary Metals Defibrillator – Silver Doctors

5 months ago

© 2022 Metals News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Metallurgy
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • News
  • Metallurgy
  • Contact

© 2022 Metals News Hubb All rights reserved.