The group Constellium announced in September 2022 that it was studying the sale of its Ussel plant which specializes in Aluminum Precision Sand Casting as part of its strategy to refocus more particularly on its rolling and spinning activities.
On the 3rd of February 2023 the group announced the finalization of the sale to the French investment holding NOE Industries.
With extensive experience in the aeronautics market and specializing in the acquisition of stakes in French companies, Noe Industries has undertaken in its offer to take over all the jobs and to invest in the modernization of the industrial tool. Noe also confirmed its confidence in the site’s current management team.
To find out more, we invite you to read the following 2 articles written by “Les échos“ and “La Montagne” as well as the press release by Noe Industries.
Les Echos article
La Montagne article
Presse communication of Noe Industries :
Noe Industries announces the acquisition of the industrial site in Ussel on February the 3rd 2023 in Paris. The French investment holding company Noe Industries announces today the finalization of the acquisition of the Ussel plant from the group Constellium, world leader in the development and manufacturing of high value-added aluminum products and solutions. With 250 employees and a turnover of around 20 million euros in 2021, the Ussel plant specializes in Aluminum Precision Sand Casting for the aerospace and military/defense sectors. This announcement follows the completion of the information process and regulatory consultation of the employee representative bodies. Constellium had announced its intension to study and possible sale of this specialized precision foundry in September 2022.
With extensive experience in the aeronautics market and specializing in acquiring stakes in French companies, Noe Industries intend to maintain all the jobs in place as well as invest in the modernization of the plant’s industrial facilities. It also confirms its confidence in the plant’s current management team.
For Pierre ESCOLIER, managing partner of Noe Industries: “this operation illustrates Noe Industries’ desire to support the French industrial nuggets. The Ussel plant and its teams have the expertise which is recognized by the major global aeronautic groups. Noe Industries will contribute to the modernization of industrial tools, thus allowing the accompanying company the growth of its clients.”
For Jean-Baptiste FOISEL, CEO of the Ussel site: “all the employees are delighted that an agreement has been reached between Constellium and Noe Industries, whose project, which is supported by the management team and the employee representatives, will open up new prospects for the development and the modernization of the industrial tools”.
Legal Buyer Advisors; VOLT Associates (Emmanuel VERGNAUD, Iyad EL BORINY, Stéphane LETRANCHANT and Inés LEROY°
Seller Legal Advisors: Vivien and Associates
Financial: DC Advisory (avid BENIN, Jean-Christophe KAWAISHI and Kevin ANDREO)
Noe Industries
Created in 2020, Noe Industries is an Investment holding company which specializes in the acquiring of major stakes in French industrial companies requiring capital and expertise to carry out a transformation or as part of a demerger. Noe Industries was founded by Michel RESSEGUIER, who has been working for more that 20 years in the transformation of companies in difficulty, Gilles ROLAND who has acquired and sold many SMEs within the framework of investment structures and Pierre ESCOLIER, managing partner who was CEO of companies housed within the portfolio of large investment funds. Pierre and Gilles know the industrial environment well, having been respectively CEO of Winoan world leader in abrasive shot and CEO of the Manoir Industry group, Aeronautical forges and foundries.
Noe Industries initially assemble a capital of 30 million euros, mobilized by its founders, families as well as player in the world of private equity.
Contact Presse Noe-Industries
Blanche de Corbiac
bdecorbiac@sigmund.fr