Nexans: sells German metallurgy business
(CercleFinance.com) - Nexans has announced signing an agreement with Mutares to sell its subsidiary Nexans Metallurgie Deutschland GmbH (NMD), an oxygen-free copper rod mill and drawing manufacturer, to Mutares.
The transaction is expected to be closed in the third quarter.
With 250 employees and two manufacturing sites located in Bramsche and Neunburg, Nexans NMD serves a large number of first and second tier customers for diversified industries (automotive, white products and general industrial applications).
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