Closing propels the global expansion of MMC's copper-processing business
(Pori, Finland, 2 May 2017) Mitsubishi Materials Corporation (MMC) (TYO: 5711), a conglomerate across 29 countries, has completed the acquisition for Luvata Special Products today, which was previously announced on 28 September 2016. The closing propels the global expansion of MMC's copper-processing business and expands its business portfolio, while accelerating the growth of Luvata Special Products in line with MMC's business resources and strategy.
"MMC has acquired Luvata Special Products to grow our global copper processing business. Together we look to become the world's leading enterprise for copper fabrication," says Akira Takeuchi, President of MMC.
"With MMC's R&D capability and technological excellence in copper-alloy products, joining today with Luvata Special Products' application know-how, we see opportunities to grow existing products and create new value-added products for our customers," explains Jussi Helavirta, President and CEO of Luvata Special Products.
Luvata Special Products includes 12 locations in 7 countries across the Americas, Europe and Asia, supplying solutions for the automotive, energy, healthcare, science and manufacturing industries. These facilities include Pori, Finland; Welwyn Garden City and Wolverhampton, UK; St. Petersburg, Russia; Zhongshan and Suzhou, China; Pasir Gudang, Malaysia; Waterbury and Branford, CT USA; Delaware, OH USA; Appleton, WI USA; and Sao Paulo, Brazil.
While now a group company of Mitsubishi Materials Corporation, the previous Luvata Special Products division will retain the company name Luvata Special Products.
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