Constellium receives binding offer for the acquisition of Alcan International Network by CellMark
Constellium has received a binding offer from CellMark to acquire Alcan International Network (AIN), the trading division of Constellium that mainly specializes in Specialty Chemicals, Minerals and Raw materials. CellMark is one of the world’s foremost providers of supply chain services to the pulp and paper industry.
Constellium will respond to CellMark’s binding offer following the completion of information and consultation requirements with the relevant employee representation bodies. Completion of the sale is subject to various conditions, including regulatory filings in a number of jurisdictions.
Christel Bories, Chief Executive Officer of Constellium, commented: “CellMark is a highly respected company in the paper and pulp trading industry and is very committed to supporting AIN to further develop its leading market positions. The divestiture of AIN would enable Constellium to focus on its core business – namely, the development and manufacturing of value added and innovative aluminium-based products.”
Sir Adrian Montague, Chairman of CellMark Investment AB, remarked: “The acquisition of AIN would mark an important step in CellMark’s development. The technical expertise and strong market connections of AIN would complement our existing operations, and CellMark’s access to capital, its cultural values and risk management expertise would offer our new AIN colleagues exciting opportunities to grow and develop the AIN business alongside CellMark’s core activities in forest products. The combination of these two businesses would provide a platform to strengthen and develop our supply chain services for both commodities and specialties.”
CellMark is one of the world’s foremost providers of supply chain services to the pulp and paper industry. Its specialists in sales, marketing, logistics and financial services feature market-leading know-how, and they embrace their challenging role as innovators and developers of truly creative solutions.
CellMark comprises four product divisions: Pulp, Paper, Packaging and Recycling as well as the subdivisions Energy and Machinery. Its global network of 47 offices in 20 countries, complemented by numerous agents in other markets, represents and supports the product divisions. Today, CellMark’s annual sales volume is almost 5 million tons. Its sourcing activities extend to more than 60 countries, with sales in about 120 markets. Further, the CellMark Group has approximately 520 employees. For fiscal year 2010, CellMark’s turnover was approximately USD 2600M.