Constellium sells its French plants in Ham and Saint-Florentin to OpenGate Capital
Paris, 31 May 2013 – Constellium (NYSE and NYSE Euronext: CSTM) announced today the sale of its French extrusion plants in Ham and Saint-Florentin, dedicated to the production of aluminium profiles intended mainly for the building and construction industry, to OpenGate Capital.
This announcement follows the clearance from the antitrust authorities and the completion of the regulatory information and consultation process of the employee representative bodies.
The terms of this transaction remain confidential.
Constellium (NYSE and NYSE Euronext: CSTM) is a global sector leader that develops innovative, value added aluminum products and solutions for a broad scope of markets and applications, including aerospace, automotive and packaging. With around 8,900 employees Constellium generated €3.61 billion of revenue in 2012.
About OpenGate Capital, LLC
OpenGate Capital, LLC is a global private buyout firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and maintains offices in Paris, France and São Paulo, Brazil. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 30 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. The OpenGate portfolio of wholly owned businesses generates nearly $2 billion in revenue and includes businesses from a wide range of industries and geographic markets. For more information, please visit www.opengatecapital.com.