Hydro agrees to sell aluminium rolling mill in Italy

Hydro has entered into a binding agreement to sell its aluminium rolling mill in Cisterna di Latina, Italy, to Rolling Mills International GmbH.

Hydro’s rolling mill in Cisterna di Latina produces aluminium rolled products, mainly standard strip and sheet, as well as plain foil.

Through the agreement, Rolling Mills International GmbH will acquire 100% of the shares in Hydro Aluminium Slim S.p.A. Rolling Mills International GmbH is controlled by Quantum Capital Partners AG, a Munich-based investment company.

The transaction is expected to close by end 2015.

Posted in Industry.