CSTM - Constellium to sell three German extrusion plants to Vaessen Aluminium
2023-07-18 08:28:55 ET
- Constellium SE ( NYSE: CSTM ) has signed a binding agreement with Vaessen Aluminium for the sale of three of Constellium’s soft alloy extrusion facilities located in Landau, Crailsheim and Burg in Germany for a total cash consideration of €48.8M.
- Vaessen Aluminium belongs to a longstanding family-owned industrial group, headquartered in Belgium, active in aluminium billets and profiles, in lighting and ceiling and in wall cladding.
- The transaction is expected to close in the second half of 2023 and is subject to customary closing conditions and regulatory approval.
For further details see:
Constellium to sell three German extrusion plants to Vaessen Aluminium