German turnaround investor Mutares has completed the acquisition of TrefilUnion, the French wire products subsidiary of steelmaker ArcelorMittal, it said on Monday June 3.
The value of the acquisition was not disclosed.TrefilUnion is comprised of two plants in Commercy and Sainte-Colombe-sur-Seine, both in Eastern France. It was a part of ArcelorMittal's WireSolutions business, which has three other plants in France...