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Mersen SA Announces Withdrawal From Certain Non-strategic Businesses

Thursday, 14 Feb 2013 11:40am EST 

Mersen SA announced that it has decided to divest or discontinue certain non-strategic businesses. The businesses concern metal boilermaking equipment for nuclear power stations, metal plate heat exchangers and mixers, which form part of the Advanced Materials and Technologies segment. The project will affect the Gresy-sur-Aix plant (Savoie, France), which manufactures boilermaking equipment for nuclear power stations, and the Brignais plant (Rhone, France), which makes plate heat exchangers and mixers. Together, these two plants employ 86 people. Expressions of interest from credible industrial buyers are currently being reviewed. In addition to these proposed sales, Mersen has decided to discontinue the manufacture of equipment for the nuclear industry at the Xianda plant in China, whose activity is linked to that of the Gresy plant. The total estimated loss of EUR 25 million from these discontinued operations will be reported on a separate line of the fiscal year 2012 consolidated income statement. 

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