Deal Details
Sale of Rolled Products Division to Aurubis AG
Summary
Baird served as financial advisor to the U.S. operations of Luvata’s Rolled Products Division located in Buffalo and Niagara Falls, New York.
About
Luvata Oy (“Luvata” or the “Company”) recently completed the sale of its Rolled Products Division to Aurubis AG (“Aurubis”)Luvata’s Rolled Products Division is a leading supplier of rolled copper and brass products including sheet, strip and ordnance products and is comprised of Luvata’s European rolled products manufacturing facilities in Finspång (Sweden), Pori (Finland) and Zutphen (the Netherlands) together with the service centers in Zutphen and in Mortara (Italy), as well as the rolled products manufacturing facilities in Buffalo and an electro tin plate line in Niagara Falls. The divisional headquarters and sales offices are located in Västerås, Sweden.
Luvata is a global supplier of products, components, solutions and services for manufacturing and construction applications. Luvata’s solutions are used in industries such as power generation, renewable energy, telecommunications, architecture, automotive, medicine, air-conditioning, refrigeration and a wide range of consumer products. The Company employs approximately 7,500 individuals in 19 countries.
The Aurubis Group is the largest copper producer in Europe and the world leader in copper recycling. Aurubis produces more than 1 million tons of copper cathodes each year and, from them, a variety of copper products. Aurubis’ core business is the production of marketable copper cathodes from copper concentrates, copper scrap and recycling raw materials. These are processed into continuous cast wire rod, shapes, rolled products as well as special wire and profiles made of copper and copper alloys. Aurubis has production sites in seven European countries with approximately 4,800 employees.
For additional information about this transaction, please contact:
- Date
- September 2011
- Company
- Luvata Oy
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- Europe
- Acquiror Geography
- Europe
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