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Trimet Aquires Aluminum Plants in France
In July of this year, Trimet made a binding offer to take over and continue production at the aluminum plants in Saint-Jean-de-Maurienne and Castelsarrasin. The acquisition has now been approved by the national and European regulatory authorities. Alongside the main shareholder, Trimet Aluminium SE, the French energy provider EDF holds a minority stake in Trimet France SAS. At both locations, some 500 employees produce high-quality aluminum wire, which is processed into electrical lines for the energy sector, among other uses, and into connectors for the automotive industry. By entering into this product segment, Trimet is expanding its product portfolio, consistently advancing the growth of recent years. Dr Martin Iffert, CEO of Trimet Aluminium SE, will manage the fortunes of Trimet France SAS as President of the company. As an innovative medium-sized company, Trimet Aluminium SE develops, produces, recycles, casts, and sells with 2400 employees modern light-metal products made of aluminum.