Italy-based distributor ArcelorMittal CLN Distribuzione Italia (ArcelorMittal CLN), a joint venture of ArcelorMittal Distribution Solutions Italia (AMDSI) and Italy-based CLN Group, has announced that it signed the sale of its 70 percent shareholding in the French company AcierPlus s.a.s. on June 21.
ArcelorMittal CLN has sold 45 percent of its shareholding to Angelo Cazzolla, manager of the company, who already held 30 percent of the shareholding in AcierPlus, and the remaining 25 percent to MA S.r.l., a company belonging to CLN Group.
AcierPlus s.a.s. is a French joint stock company and has two operation sites in Hericourt and Ancenis. While the company mainly performs cutting, shaping and welding services on steel products, its main customers are active in the lifting, railway and construction equipment markets.
Meanwhile, ArcelorMittal CLN caters to the needs of the automotive and household appliance industries, as well as the construction sector and general industry.