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Constellium considers divestiture of Ussel, France plant
Edited by : AL CIRCLE
1 min read
Constellium announced that it is exploring the sale of its Ussel, France plant, which specializes in precision castings. Constellium informed the employee representative bodies for the plant during a meeting with the Works Council in France of the potential divestiture.
The Ussel plant has approximately 230 employees and generated approximately €26 million of revenue in 2012. Constellium generated approximately €3.6 billion of revenue in 2012.
Constellium and its advisors are conducting a thorough assessment of the potential divestiture with the goal of finding a suitable buyer committed to ensuring the future development of the plant.
Constellium currently plans to retain the plant if a suitable buyer cannot be found. Constellium can provide no assurances, however, as to whether a suitable buyer will be found, the terms and conditions of any agreement entered into with a potential buyer or as to any Buyer’s future plans for the plant.
The Ussel plant has approximately 230 employees and generated approximately €26 million of revenue in 2012. Constellium generated approximately €3.6 billion of revenue in 2012.
Constellium and its advisors are conducting a thorough assessment of the potential divestiture with the goal of finding a suitable buyer committed to ensuring the future development of the plant.
Constellium currently plans to retain the plant if a suitable buyer cannot be found. Constellium can provide no assurances, however, as to whether a suitable buyer will be found, the terms and conditions of any agreement entered into with a potential buyer or as to any Buyer’s future plans for the plant.
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