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Mitsubishi Materials Corporation completes acquisition of Luvata Special Products

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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For more information please contact:

Susan Porter
Communications Director
Luvata Special Products
Phone: +1 740 368 7750
Email: susan.porter@mmluvata.com

 

About Luvata Special Products

Headquartered in Pori, Finland and employing over 1,300 staff in 7 countries, Luvata Special Products is a world leader in metal solutions manufacturing and related engineering services. Its solutions include welding electrodes and brazing wire for automobile manufacturers; superconducting wire and cables found in MRI machines; photovoltaic ribbon for the solar industry; alloy wires used in the electronics industry; and oxygen-free copper products such as busbars and profiles found in the power generation and distribution industries. The company's continued success is attributed to its longevity, technological excellence and strategy. Luvata Special Products is a group company of Mitsubishi Materials Corporation.

 

About Mitsubishi Materials Corporation (MMC)

Founded in 1871 originally and headquartered in Tokyo, MMC is a conglomerate of various businesses in diversified materials, ranging from copper and precious metals to cement, cutting tools and electronic materials, as well as resource recycling and renewable energy across 29 countries. Within the Metals Company, MMC produces wrought copper products, electrical wires, and copper tubes. It also applies advanced technological capabilities to produce oxygen-free copper, oxygen-free copper alloys and other special copper alloys, which are supplied globally.

 

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