By acquiring RTA’s plants in Saint-Jean-de-Maurienne and Castelsarrasin, Trimet hopes to continue its growth strategy and extend its portfolio of specialised light metal products.
The deal 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).
RTA announced its intention to dispose of the two sites last year. With a total workforce of over 500, the plants produce aluminium wire rod, which is used to make electric cabling for the energy industry and connecting elements for the automobile industry, among other things.
Heinz-Peter Schlüter, owner and chairman of the Supervisory Board of Trimet Aluminium SE, described the area in which the two plants are located as ‘the cradle of the aluminium industry’ and that the sites ‘fit in perfectly with Trimet’s strategic orientation’. “The terms of the transaction also allow us to envisage reliable, long-term investment plans," he said.
Dr. Martin Iffert, CEO of Trimet, said that there is enormous demand for aluminium wire rod in Europe. “As a provider of complex alloys and customised solutions, this product group will enable us to strengthen our core competence as a supplier of special products on a long-term basis," he said.
TRIMET Aluminium SE develops, produces, recycles, casts and sells modern, light metal products made of aluminium at eight locations in Germany. The company employs 1,900 people.