The acquisition of the flat rolled products division of Aurubis positions the Wieland Group as a global partner for its customers
Partners signed binding term sheet
Acquisition will require approval of anti-trust authorities
Global business growth driven by digitalization, connectivity and mobility trends
Wieland and Aurubis signed a binding term sheet with the objective to integrate the global business unit Flat Rolled Products from Aurubis into to the Wieland Group. Following the completion of the sale and purchase agreement in the next few weeks, the proposed transaction will require clearance from several antitrust authorities.
The Wieland Group establishes a JV for the marketing of brass nets and more for aquaculture
For the development and marketing of brass nets and cages, Wieland-Werke AG has formed the “BlueSea Technology AS” joint venture with Lerow AS in Norway. The partner has the respective know-how as well as longstanding experience in the field of aquaculture. Daniel Steitz, Wieland-Werke AG (60% JV), is the CEO, and Svein Jarle Midtøy, Lerow AS (40% JV), the COO of BlueSea Technology AS.
Wieland Group: Acquisition of Wolverine Technical Tube Business
Effective 28 April 2017, the Wieland Group, Ulm, Germany, (“Wieland”) has acquired all assets owned by Wolverine Tube Inc., Decatur, AL, USA (“Wolverine”) related to the business of manufacturing and selling integrally finned and enhanced surface tubes from copper, copper alloys and steel alloys.