Home > News > Others

OpenGate Capital Acquires Aluminium Extrusion Business from Constellium

Tuesday, Jun 04, 2013

OpenGate Capital LLC, a global private buyout firm, announced today it has acquired Constellium Extrusions, a highly specialized manufacturer of extruded aluminum profiles with operations in Saint-Florentin and Ham, France. The seller, Constellium, is divesting the business as part of an on-going strategy to focus on their interests in aerospace, automotive, packaging and other specialty industries. The business has been renamed Aluminium France Extrusions. No financial terms were disclosed.

Andrew Nikou, OpenGate Capital’s founder, Managing Partner and CEO stated, “The acquisition of Aluminium France Extrusions represents exciting opportunities for OpenGate Capital. Not only is this another great platform business where we can build new value, but it is also an opportunity to create synergies with another OpenGate Capital portfolio company, Profialis, as they are both highly specialized and complementary businesses serving the European building and construction industries.”

Aluminium France Extrusions covers the entire spectrum of manufacturing aluminium profiles from extrusion to downstream (lacquering, anodizing and thermal breaks) operations. In 2012 the business produced an estimated 25.8k tons of soft alloys for several end-markets including the building and construction, transportation, and industrial and infrastructure sectors. Aluminium France Extrusions derives the majority of its revenues from a broad and diverse customer base in France and employs 360 people across the two sites.

OpenGate Capital’s European Partners Julien Lagrèze, Robert Lezec and Sebastien Kiekert Le Moult led the transaction and will continue to work closely with the company to strengthen its operational and financial performance. Julien Lagreze stated, “The management team of Aluminium France Extrusions has led several successful transformations of this business in the past and we look forward to working with them toward the next generation of growth.” Commenting further about the transaction, OpenGate Capital Partner, Robert Lezec commented, “We have worked diligently with Constellium to ensure the Aluminium France Extrusions business will transition smoothly into stand-alone operations, and that the team managing the business is fully empowered to achieve greater value.”

Recommended exhibitions

  ARABAL, which is being organized and hosted by Qatalum, is the premier trade event for the Middle East's aluminium i......
Aluminium 2012
  ALUMINIUM is the leading B2B platform in the world for the aluminium industry and its main applications. This is whe......
The 4th edition of Zak Aluminum Extrusions Expo

  14th - 16th December 2012


  Pragati Maidan,

  New Delhi,India.

  Exhibition Timings

Time:2011-5-9 to 2011-5-11
Place:Dubai International Convention & Exhibition Centre, Dubai, UAE......