German private equity firm mutares AG said June 3 that it finalized its purchase of ArcelorMittal TrefilUnion SAS from ArcelorMittal. Financial terms of the deal were not disclosed.

Mutares made a binding offer for TrefilUnion in April.

TrefilUnion owns two plants in France that produce wires and steel ropes for the construction and automotive industries. The company generated €42 million in revenues in 2018.