According to reports, Arconic ARNC is selling its rolling mill in Fusina, Italy to Slim Aluminium.

The transaction is part of the company’s continued drive to convert the business from a commodity producer to a high-margin aerospace and automotive supplier.

Slim Aluminium is an Italy-based rolling mill business. At present the company has a production capacity of around 92,000 tonnes a year, which includes the production of foil, a wide range of coils and sheets, circles and shaped blanks. Slim Aluminium SpA is fully owned by funds managed by Quantum Capital Partners.