GBC/Weiland-Werke Merger Completed
By Metal Center News Staff
on Jul 17, 2019
Germany’s Weiland-Werke AG has completed its acquisition of Global Brass and Copper, Schaumburg, Ill. The agreement was subject to a number of closing conditions, all of which have now been met, including approval by Global Brass and Copper stockholders and antitrust clearances.
Executives say the merger combines two highly complementary businesses with diverse product offerings across copper and copper alloy strip and sheet, rod, foil, wire, tube, fabricated components and engineered products. Together, the combined company has a leading manufacturing, service and distribution network consisting of more than 90 facilities and about 9,000 locations, serving a variety of industries in North America, Europe and Asia.
The shared focus on safety and operational excellence, technology, R&D and providing innovative products, services and solutions will enable the new Wieland Group to collaborate in unique ways with customers world-wide. In addition, the newly combined company will be even better positioned to contribute to a number of megatrends, including eMobility, connectivity, sustainability and recycling, executives said.
As a result, Global Brass and Copper shares ceased trading on the New York Stock Exchange and were delisted.