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Home Steel News ArcelorMittal announces to sell two United States factories
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ArcelorMittal announces to sell two United States factories

28 Mar 2016 14:15 reported by Jacky Huang

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According to ArcelorMittal announced that the company has reached a final deal with Black Diamond capital management subsidiary, selling its United States of LaPlace and Long Carbon factory. Both parties didn’t reveal any details.

The LaPlace factory in Louisiana and Harriman factory in Tennessee mainly produced angles, plates, steel beams, and Vinton factory in Texas produced rebar.

Meanwhile, ArcelorMittal has entered the transition services agreement with Black Diamond capital management companies in order to ensure a smooth transition without disruption. The transaction is subject to customary closing conditions and is expected to be completed in April 2016.

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