Rolling mill sale

According to reports, Arconic ARNC is selling its rolling mill in Fusina, Italy to Slim Aluminium. The transaction is part of the company’s continued drive to convert the business from a commodity producer to a high-margin aerospace and automotive supplier.  Slim Aluminium is an Italy-based rolling mill business. At present the company has a production capacity of around 92,000 tonnes a year, which includes the production of foil, a wide range of coils and sheets, circles and shaped blanks. Slim Aluminium SpA is fully owned by funds managed by Quantum Capital Partners.