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The acquisition of the flat rolled products division of Aurubis positions the Wieland Group as a global partner for its customers
2018/02/14
- Partners signed binding term sheet
- Acquisition will require approval of anti-trust authorities
- Global business growth driven by digitalization, connectivity and mobility trends
 
Feb 13, 2018
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 integration of Aurubis’ Flat Rolled Products business will enable the Wieland Group to better meet the increasingly global customer requirements for high end copper and copper alloys solutions. Enabling our customers’ success through supply security and short lead times, worldwide, combined with Wieland´s well known high technical expertise, top quality and outstanding service, is the main objective of this transaction”, says Dr. Erwin Mayr, CEO of the Wieland Group.
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