Constellium Exploring Possible Divestiture of Ussel, France Plant
Paris, June 5, 2013 – Constellium N.V. (NYSE and NYSE Euronext: CSTM) today 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.
Media relations Constellium Corporate
Hill+Knowlton Strategies (Media & Investors)
Forward Looking Statement
Certain statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This press release may contain “forward-looking statements” with respect to our business, results of operations and financial condition, and our expectations or beliefs concerning future events and conditions. You can identify certain forward-looking statements because they contain words such as, but not limited to, “believes,” “expects,” “may,” “should,” “approximately,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “likely,” “will,” “would,” “could” and similar expressions (or the negative of these terminologies or expressions). All forward-looking statements involve risks and uncertainties. Many risks and uncertainties are inherent in our industry and markets. Others are more specific to our business and operations. The occurrence of the events described in the release, including the divestment of the Ussel plant, whether a suitable buyer will be found, the terms and conditions of any such sale, a buyer’s future plans for the plant or whether the plant will ultimately be retained by Constellium depend on many events, some or all of which are not predictable or within our control. Actual results may differ materially from the forward-looking statements contained in this press release. All forward-looking statements in this press release and subsequent written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the cautionary statements. For a description of the risks that generally affect our business and results of operations, please review the risks presented under the heading “Risk Factors” in our Form F-1 filed with the U.S. Securities and Exchange Commission. In light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this press release may not in fact occur. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.