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TRIMET to acquire Two Aluminium Plants in France

With the acquisition of the aluminum plants in Saint-Jean-de-Maurienne and Castelsarrasin, TRIMET contemplates to continue its growth strategy and extend its portfolio of specialized light metal products. The transaction with Rio Tinto Alcan is conditional upon the approval of the regulatory authorities and the execution of an energy supply agreement and a partnership arrangement with EDF (Électricité de France). The production plants set up by the French aluminum manufacturer Pechiney had been taken over by Rio Tinto Alcan. The internationally active company announced its intention to dispose of the sites last year. With a total workforce of over 500, the aluminum plants produce aluminum wire rod which is used to make electric cabling for the energy industry and connecting elements for the automobile industry, among other things. The purchase agreement will secure, among other things, the long-term supply of aluminum oxide and electric power, key requirements for the production of aluminum. The energy supplier EDF will take a minority stake in the production plants. TRIMET hopes to develop its successful corporate policy of the past few years with the new sites. “There is enormous demand for aluminum wire rod in the manufacturing industry in Europe. As a provider of complex alloys and customized solutions, this product group will enable us to strengthen our core competence as a supplier of special products on a long-term basis,“ said Dr Martin Iffert, CEO of TRIMET. On this transaction, TRIMET was advised by BNP Paribas (Guillaume Werner) and for the legal aspects by Luther (Dr Markus Schackmann) and Jeantet (Nicolas Goetz). (7/2013)

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