# Novelis to acquire leased Sierre plant assets from Constellium

Novelis Inc. signed a binding agreement to acquire operating facilities and manufacturing assets at its Sierre, Switzerland plant from Constellium for €200 million. The deal includes establishing a joint venture for shared infrastructure.

- Type: Acquisition
- Announced: 2018-02-01
- Where: Sierre, Switzerland
- Value: $248.0M (200.0M EUR)
- Status: announced
- Products: aluminum sheet for automotive
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Constellium](https://endata.com/companies/4140.md)
- [Novelis](https://endata.com/companies/2475.md) (acquirer)
- [Constellium](https://endata.com/companies/4140.md) (target)

## Sources

- [investors.novelis.com](https://investors.novelis.com/news-events/press-releases/detail/148/novelis-to-acquire-leased-sierre-operating-facilities-manufacturing-assets), 2018-02-01: "Novelis Inc., the world leader in aluminum rolling and recycling, today announced it signed a binding agreement to acquire operating facilities and manufacturing assets at its Sierre plant that have historically been leased."
- [heattreattoday.com](https://www.heattreattoday.com/heat-treat-news/automotive-heat-treat-news/heat-treat-novelis-expands-automotive-aluminum-capabilities-with-approximately-300-million-investment-in-kentucky/), 2018-02-05: "Novelis reported that it signed a binding agreement to acquire operating facilities and manufacturing assets at its Sierre plant in Switzerland that has historically been leased."
- [miningconnection.com](https://miningconnection.com/coal_prep/news/article/constellium_to_sell_sierre_plant_assets_for_247_million_switzerland), 2018-02-12: "We are pleased with this mutually beneficial outcome."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.