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Luvata Sells Its North American Tubes Operations to Waybill USA
2018/01/21
On December 20, 2017, Luvata announced the completion of the sale of its North American Tubes operations to Waybill USA Inc. The Tubes Division has expertize representing some of the most advanced technology in products, manufacture, packaging, and alloys. Its two plants employ over 400 staff in Franklin, Kentucky, and Monterrey, Mexico. They supply differentiated solutions for the heating, ventilation, air conditioning, and refrigeration (HVAC&R) market.
 
Waybill USA is led by Ron Beal and David Lilley. A former agreement with American Investments Fund I was announced in May 2017 but this failed to materialize into a final sale.
 
This announcement of the sale completes the sales of all the operating divisions and facilities of Luvata Group, which was purchased from Outokumpu by Nordic Capital Fund V in 2005. Luvata Group’s other businesses have been sold as separate entities during 2016 and 2017 to Mitsubishi Materials, Mo - dine Manfacturing, and Zhejiang Hailiang.
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