April 15, 2015

Olin Brass Sells Interest in Joint Venture

Olin Brass, Louisville, Ky., has sold its 50 percent share of the Dowa-Olin Metal Corp. to its joint venture partner, Japan’s Dowa Metaltech Co. Ltd. Dowa Metaltech now owns 100 percent of DOM.

DOM is a marketing and sales company that was originally established by Olin Brass and Yamaha Corp. in 1987. Dowa Metaltech purchased Yamaha’s 50 percent share of DOM in 2007. DOM markets and sells both Olin Brass and Dowa Metaltech proprietary copper-based alloys to the electronics industry in Asia. The alloys are manufactured in Dowa Metaltech’s wholly owned strip mill facilities in Japan.

Under terms of the sale, Olin Brass will license its alloy technologies to Dowa Metaltech so that the materials can continue to be manufactured and sold in Asia. In addition, the parties entered into a long-term supply agreement whereby Dowa Metaltech will sell these alloys back to Olin Brass to support its customer base in Asia.

“We are very pleased to continue our strong relationship with Dowa Metaltech through these new arrangements,” says John J. Wasz, CEO of Global Brass and Copper Holdings, Inc. “Dowa Metaltech will continue its outstanding quality manufacturing of these important alloy systems under a technology and royalty agreement with Olin Brass, and it will supply these materials to Olin Brass for our key electronic customers in Asia. It’s a positive arrangement for both companies.”

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Monday, October 23, 2017