Mitsubishi Materials completes acquisition of Luvata Special Products
Mitsubishi Materials, a conglomerate across 29 countries, has completed the acquisition for Luvata Special Product, 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.
