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. As part of this agreement, Constellium contracted with TAAH for the supply of cold coils from its Logan plant in Kentucky for up to five years. Constellium’s plant in Muscle Shoals, Alabama, will continue to ramp-up its auto body sheet substrate capability to gradually become Bowling Green’s sole supplier of cold coils. “This investment will give Constellium greater control over its future development of auto body sheet in North America,” said Constellium CEO Jean-Marc Germain.
With an annual production capacity of 100,000 tonnes, Bowling Green’s facility is expected to reach full production in 2020. The plant supplies advanced 5xxx and 6xxx alloys and provides coils and sheets for closures inners, outers and body-in-white.