Constellium N.V. sold its North Building Assets of the Sierre plant in Switzerland to Novelis for €200 million, a strategic move aimed at enhancing operational efficiency and focusing on core business areas.
Target Information
Constellium N.V. (NYSE: CSTM) is a global leader in aluminum rolled products, aluminum extrusions, and other advanced materials used in various industries. The company has demonstrated steady growth, evidenced by its recent quarterly results, which highlight an increase in shipments and a noteworthy rise in revenue. In the third quarter of 2018, Constellium shipped 379 thousand metric tons of products, marking a 1% increase from the same period in the previous year.
The financial performance of Constellium reflects a robust market presence, with third-quarter revenue reaching €1.4 billion, up 12% compared to Q3 2017. The company's net income also saw a significant boost, climbing to €217 million from €21 million in the prior year. Additionally, Constellium achieved an adjusted EBITDA of €114 million, a 2% year-over-year increase.
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Industry Overview
The aluminum industry in Switzerland, where Constellium operates a significant facility, has been experiencing positive trends fueled by rising demand across various sectors. The automotive, aerospace, and construction i
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Novelis
invested in
North Building Assets of the Sierre plant
in 2018
in a Other deal
Disclosed details
Transaction Size: $223M
Revenue: $4M
EBITDA: $433M
Net Income: $254M