Aperam, a global player in stainless, electrical and specialty steel in Brazil and Europe, has announced the completion of the divestment of Aperam Stainless Services & Solutions Tubes Europe, its stainless steel welded tubes entities located in Ancerville and Annecy in France, to mutares AG.
This follows the announcement on January 9th 2017 of Aperam’s intention to divest Aperam Stainless Services & Solutions Tubes Europe. The concerned companies – reported under the “Services & Solutions” segment – had combined sales of EUR 64 million (approximately USD $68 million) and shipments of 22 thousand tons in 2016, and are considered as a non-core asset for Aperam.