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Constellium acquires Wise Metals

Constellium, an aluminum products fabricator based in Schiphol-Rijk, Netherlands, has acquired Wise Metals, Muscle Shoals, Ala., a producer of aluminum can stock for the beverage industry.

Constellium plans to invest up to $750 million by 2022 to increase Wise's current hot mill capacity to 1.5 billion lbs. from 1 billion lbs. and build more than 400 million lbs. of dedicated body-in-white sheet finishing capacity.

Wise's Muscle Shoals plant, which the company says has the widest hot strip mill in North America, employs 1,250 people.