The three rolling operations will now operate as Eurofoil France SAS, Eurofoil Luxembourg SA and Eurofoil Paper Coating GmbH respectively.
All three operations are now part of American Industrial Acquisition Corporation (AIAC).
Tadeu Nardocci, senior vice president of Novelis and president of Novelis Europe, said that all three plants are no longer part of the company’s business strategy, which is now focused upon growing in premium markets such as beverage cans, automobiles and speciality products, as well as expanding its leading position in the field of recycling.
Willem Loue, managing director of Eurofoil, said that all three businesses fit in well with AIAC’s ‘growing portfolio of world class manufacturing operations’. “We are now well-positioned to optimise our presence in the European foil and packaging markets.
• Novelis recently announced revenues for the fiscal year 2012 of US$11.1Bn.