Constellium Aluminum purchases Wise Metals for $1.4 billion

Shoals
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COLBERT COUNTY, Ala. – A company based out of Amsterdam has purchased a business in Colbert County for more than $1 billion.

Constellium Aluminum reached an agreement to acquire Wise Metals Friday.

It’s a $1.4 billion dollar deal with plans to increase Wise’s current hot mill capacity.

Wise is an aluminum sheet producer in Muscle Shoals.

It is currently the largest employer in that city.