Europlasma positions itself for the takeover of NovAsco sites

The industrial group Europlasma has announced that it has submitted a bid to acquire three sites belonging to the NovAsco company, which is currently in receivership. These sites, located in Leffrinckoucke, Saint-Etienne, and Custines, represent three of the four entities in the NovAsco group.

By acquiring these facilities, Europlasma aims to secure the supply of specialty steels for its rail and defense sectors, while optimizing its costs. This approach is supported by an influential European steelmaker and a long-standing NovAsco customer.

The Strasbourg court's decision on this offer is expected on September 25. Europlasma could also expand its offer to include the Hagondange site, considering its transformation into a renewable energy production center, subject to certain environmental conditions.