Wieland Group Enhances North American Operations with Acquisition of Aurubis Buffalo Facility

Wieland Group Enhances North American Operations with Acquisition of Aurubis Buffalo Facility

(IN BRIEF) Wieland Group, a leading manufacturer of copper and copper alloy products based in Ulm, Germany, has acquired Aurubis AG’s Buffalo site in New York. The sale, completed on August 30, 2024, involves a facility with around 500 employees that produces copper and copper alloy strips and sheets for various applications. This acquisition allows Wieland to expand its presence in North America and enhance its production capabilities. Meanwhile, Aurubis AG is focusing on its core business areas of primary copper production and recycling, aligning with its strategic plan to streamline operations and invest in new growth opportunities.

(PRESS RELEASE) HAMBURG, 5-Sep-2024 — /EuropaWire/ — Wieland Group, a leading manufacturer of copper and copper alloy products based in Ulm, Germany, has acquired Aurubis AG’s Buffalo site in New York. The sale, completed on August 30, 2024, involves a facility with around 500 employees that produces copper and copper alloy strips and sheets for various applications. This acquisition allows Wieland to expand its presence in North America and enhance its production capabilities. Meanwhile, Aurubis AG is focusing on its core business areas of primary copper production and recycling, aligning with its strategic plan to streamline operations and invest in new growth opportunities.

Wieland Group, a leading manufacturer of semi-finished copper and copper alloy products based in Ulm, Germany, has completed the acquisition of Aurubis AG’s Buffalo site in New York, USA. The transaction, finalized on August 30, 2024, marks a significant expansion of Wieland’s operations in North America. The sale price remains undisclosed.

Strategic Acquisition Enhances Wieland’s US Operations

The acquisition of the Aurubis Buffalo facility aligns with Wieland Group’s strategic goals to broaden its market reach and production capabilities in the United States. The Buffalo site, with its robust workforce of approximately 500 employees, specializes in the production of copper and copper alloy strips and sheets, serving diverse applications from electrical components to architectural products.

Wieland Group’s CEO, Dr. Robert Doff, expressed enthusiasm about the acquisition: “The addition of the Buffalo site is a strategic milestone for Wieland Group, enhancing our footprint in the North American market. This facility’s advanced production capabilities and experienced team will play a crucial role in expanding our portfolio and delivering high-quality products to our customers.”

Aurubis Reaffirms Focus on Core Competencies

The sale of the Buffalo site is part of Aurubis AG’s strategic realignment to concentrate more intensively on its core activities, including primary copper production, recycling, and multimetal processing within its smelter network. Aurubis has previously streamlined its operations by divesting sites in Europe and is now focusing on enhancing its growth strategy with new facilities, such as the ongoing development in Augusta, Georgia.

Aurubis AG’s spokesperson commented, “The decision to sell the Buffalo site is aligned with our strategic vision to refine our focus on primary copper and recycling. We are committed to optimizing our business structure and expanding our capabilities in key areas.”

Wieland Group is a global leader in the copper industry, specializing in the production of high-quality copper and copper alloy products. With a strong presence in Europe and expanding operations in North America, Wieland continues to advance its capabilities and market reach.

Aurubis AG is one of the world’s largest copper producers and a leading provider of recycling solutions, committed to sustainable practices and innovation in the multimetal industry.

About the Buffalo site:

Aurubis Buffalo, Inc. has about 500 employees and produces copper and copper alloy strip and sheets that are used to manufacture a wide range of product lines including electrical products, electronic connectors, heat exchangers, and architectural products. The site is a supplier for a number of customers, primarily in the US. Aurubis Buffalo’s production and business activities were largely independent of the Aurubis Group, both in relation to the growing recycling business at the Georgia site and the Aurubis sites in Europe.

Aurubis – Metals for Progress
Aurubis AG is a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide. The company processes complex metal concentrates, scrap metals, organic and inorganic metal-bearing recycling materials, and industrial residues into metals
of the highest quality. Aurubis produces more than 1 million tons of copper cathodes annually, and from them a variety of products such as wire rod, continuous cast shapes, profiles, and flat rolled products made of copper and copper alloys. Aurubis produces a number of other metals as well, including precious metals, selenium, lead, nickel, tin and zinc. The portfolio also includes additional products such as sulfuric acid and iron silicate.

Sustainability is a fundamental part of the Aurubis strategy. “Aurubis responsibly transforms raw materials into value” — following this maxim, the company integrates sustainable conduct and business activities into the corporate culture. This involves a careful approach
to natural resources, responsible social and ecological conduct in everyday business, and sensible, healthy growth.

Aurubis has around 6,900 employees, production sites in Europe and the US, and an extensive distribution network around the world.

Aurubis shares are part of the Prime Standard Segment of the German Stock Exchange and are listed in the MDAX, the Global Challenges Index (GCX), and the STOXX Europe 600.

More information at www.aurubis.com

Media Contacts:

Aurubis AG:
Corporate Communications

Angela Seidler
Vice President
Investor Relations &
Corporate Communications
Phone +49 40 7883-3178
a.seidler@aurubis.com

Christoph Tesch
Head of Corporate
Communications
Phone +49 40 7883-2178
c.tesch@aurubis.com

Meino Hauschildt
Senior Communications
Manager
Phone +49 40 7883-3037
me.hauschildt@aurubis.com

SOURCE: Aurubis AG