March 30, 2016

ArcelorMittal Sells LaPlace, Vinton Mills

ArcelorMittal has agreed sell its LaPlace and Vinton Long Carbon facilities in the United States to an affiliate of Black Diamond Capital Management. Terms of the transaction, to be completed this month, were not disclosed.

The LaPlace, La., facility, in conjunction with a rolling mill in Harriman, Tenn., produces billets, angles, flats, channels and beams. The El Paso, Texas-based Vinton facility produces rebar and grinding media.

“The sale of LaPlace and Vinton is consistent with ArcelorMittal’s stated strategy of selective divestment of non-core assets,” says Jim Baske, executive vice president and CEO of ArcelorMittal North America. “I would like to thank the employees of LaPlace and Vinton for their commitment and efforts over the years, and wish them a successful future under new ownership.”


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Wednesday, January 24, 2018