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January 22nd, 2012
Constellium sells AIN
Alcan International Network (AIN) sold to CellMark
Constellium, the producer of value added aluminium products, announced earlier this month that it has closed the sale of Alcan International Netwok (AIN), its trading division for specialty chemicals, minerals, raw materials and foundry equipment, effective 30.12.2011.
The roots of this entity go back to former Pechiney’s trading activities. AIN operates through nine offices in Europe, one in the US and nine in Asia, with a total of 170 employees and about US$ 0.5bn in turnover.
The roots of this entity go back to former Pechiney’s trading activities. AIN operates through nine offices in Europe, one in the US and nine in Asia, with a total of 170 employees and about US$ 0.5bn in turnover.
The acquirer is CellMark, a Gothenburg, Sweden based provider of supply chain services to the pulp and paper industry, with a turnover of ca. US$ 2.6 bn in fiscal 2010.
The terms of the transaction are confidential, Constellium said in the press release. The company, with headquarters in Paris, is owned by Apollo Global Management (51%), Rio Tinto (39%) and Fonds Stratégiqued’Investissiment (10%) and had a turnover of ca. US$ 4.4 bn in 2010.
Sources: Constellium press release http://www.constellium.com/news-media/news-and-press-releases/press-releases-only/completion-of-ain-divestment, CellMark press release http://www.cellmark.com/upload/pdf/Press_Release_AIN_acquisition_10_Jan_2012.pdf, DCG analysis
HGE – DCG / 22.01.2012