The sales price amounts to 48.8m EUR. The transaction is expected to close in the second half of 2023 and is subject to customary closing conditions and regulatory approval.
Profiles for construction, transport and industry
With nearly 450 employees, the three Constellium plants specialize in soft alloy extruded products for the Building & Construction, Transportation and Industry markets in Europe.
Vaessen Aluminium belongs to a longstanding family-owned industrial group, headquartered in Belgium, active in aluminium billets and profiles (E-Max), in lighting and ceiling (Kreon) and in wall cladding (Limeparts Drooghmans).
Constellium has completed the sale of three of its soft alloy extrusion facilities in Germany.
Constellium partnered with Chanel Fragrance & Beauty and g.pivaudran to introduce a packaging including recycled aluminium for Chanel's mascara line "Le Volume."
After just ten months of construction, the new extrusion line from Hydro Extrusion Rackwitz was successfully put into operation at the end of November.