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Luvata signs agreement to sell its North-American Tubes operations

On May 21, 2017, American Investments Fund I, LLC (AIFI) entered into an agreement to acquire the Luvata Tubes North American businesses located in Franklin, KY and Monterrey, MX (Luvata). The completion process is underway and it is anticipated that the deal will close within the next three months. 

 

AIFI and its wholly-owned subsidiary, American Tubing Arkansas, LLC (ATA) are privately owned companies based in Springdale, AR. It is engaged in the business of manufacturing copper and aluminum component parts for major HVAC manufacturers in the air conditioning industry. It has facilities located in Springdale and Monterrey, MX. The company was founded in the mid-1970s. 

 

The customer bases of our two companies are very similar and there are numerous other synergies. Both are strong in copper manufacturing and have unique technical knowledge in aluminum production - we will benefit from combining our process development and product engineering. Growth in earnings is anticipated from leveraging total sales to OEMs and from gains in competitiveness in the ACR markets of assemblies and light-wall heat-transfer tube. 



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