Constellium acquired the remaining 49% stake in its joint venture with UACJ for $180m.

Constellium, a global manufacturer of aluminium rolled products, extruded products, and structural parts based on a large variety of advanced alloys, acquired the remaining 49% stake in its American joint venture with UACJ, an aluminum extruded product manufacturing company, for $180m. “This investment will give Constellium greater control over its future development of Auto Body Sheet in North America, a growing market and a strategic focus for our company,” said Jean-Marc Germain, Chief Executive Officer of Constellium. “We are strengthening our position as a global aluminium supplier for our automotive customers and are looking forward to continuing to serve them in the U.S.”