Mutares to buy TrefilUnion from ArcelorMittal

The binding offer will be presented to the workers' representatives of ArcelorMittal TrefilUnion SAS on April 24, 2019, in accordance with legal provisions.

Special situations investor Mutares backs businesses generating a €50-500m turnover. Its targets generate little profit, are no longer part of the core business of a larger corporation, or have seen management changes that make disposing of those companies or divisions an appropriate course of action.

ArcelorMittal is a supplier of steel products for the automotive, construction, household appliances and packaging sectors, among others. 

Headquartered in Luxembourg, ArcelorMittal is present in 60 countries and has an industrial footprint in 19 countries. In 2018, the group generated revenues of $76bn.

Company
ArcelorMittal TrefilUnion is active in the fabrication of products from different kinds of steel. It produces wires and steel ropes in its two French plants with a product portfolio ranging from thin spring wire for the automotive market to heavy products for bridges and the pre-stressed concrete market.

TrefilUnion serves customers from various industries, including energy, construction, household products, agriculture and automotive. The company is based in Saint-Dizier. 

People
ArcelorMittal – Lakshmi Mittal (CEO).  

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