# Constellium to buy UACJ's 49% stake in auto body sheet JV for $100M

Constellium entered a binding agreement to acquire UACJ's 49% stake in Constellium-UACJ ABS joint venture in Bowling Green, Kentucky, for $100 million plus assumption of debt. The deal is expected to close by mid-January 2019.

- Type: Acquisition
- Announced: 2018-12-11
- Where: Bowling Green, Kentucky, United States
- Value: $100.0M
- Status: announced
- Capacity: 100,000 metric tons
- Products: auto body sheet, aluminium coils and sheets
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Tri-Arrows Aluminum](https://endata.com/companies/1524.md) (partner)
- [Tri-Arrows Aluminum](https://endata.com/companies/1524.md) (target)
- [Constellium](https://endata.com/companies/4140.md) (acquirer)
- [UACJ](https://endata.com/companies/19822.md) (partner)
- [UACJ](https://endata.com/companies/19822.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/12/11/1664940/0/en/constellium-to-purchase-uacj-s-stake-in-auto-body-sheet-joint-venture-in-bowling-green-kentucky.html), 2018-12-11: "Constellium N.V. announced today that it entered into a binding purchase agreement with UACJ Corporation ... to acquire TAAH’s 49% stake in Constellium-UACJ ABS, LLC (CUA), for $100 million."
- [globenewswire.com](https://www.globenewswire.com/news-release/2018/12/11/1664940/0/en/Constellium-to-purchase-UACJ-s-Stake-in-Auto-Body-Sheet-Joint-Venture-in-Bowling-Green-Kentucky.html), 2018-12-11: "This investment will give Constellium greater control over its future development of Auto Body Sheet in North America, a growing market and a strategic focus for our company."
- [aluminium-journal.com](https://aluminium-journal.com/constellium-acquires-uacj-stake-in-auto-body-sheet-jv-in-bowling-green), 2019-01-14: "Constellium has completed the purchase of Tri-Arrows Aluminum Holding Inc.’s (TAAH) 49% stake in Constellium-UACJ ABS, LLC (CUA) for USD100 million plus the assumption of 49% of USD80 million of third party debt at CUA."

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