Ulm, April 4, 2018
Wieland-Werke AG and Aurubis AG signed the contract regarding the acquisition of Aurubis’ Flat Rolled Products segment by the Wieland Group on March 29, 2018. The execution of the transaction requires clearance from antitrust authorities.
The transaction resolves Wieland’s current capacity constraints in Europe, adds an integrated manufacturing footprint as basis for further growth in the U.S., and supports broadening the group’s sales and service network across Asia.
“This milestone marks an important step towards the implementation of our customer-driven globalization strategy. The expansion of our manufacturing and service network addresses the most urgent needs of our customers, who are increasingly demanding globally consistent product supplies, technical support and related services. With this acquisition, we will be able to better support our customers’ growth plans in all major regions and take the combined group’s technical capabilities to a new level in the industry”, says Dr. Erwin Mayr, CEO of the Wieland Group.