Press Release
Aurubis sells US flat rolled products site in Buffalo to the Wieland Group
Hamburg | Wednesday, September 4, 2024
Aurubis AG is selling its Buffalo site in the US state of New York to the Wieland Group (Wieland). Wieland is a manufacturer of semi-finished copper and copper alloy products based in Ulm, Germany. The signing and closing of the sale took place on August 30, 2024. Both parties have agreed to keep the sale price of the transaction confidential.
Continued focus on core business
In the future, Aurubis will be concentrating even more strongly on primary copper production, recycling and the multimetal portfolio of its smelter network. In mid-2022, the company sold the production sites in Zutphen (Netherlands) as well as the slitting centers in Birmingham (United Kingdom), Dolný Kubín (Slovakia), and Mortara (Italy) with a total of about 360 employees to KME SE based in Osnabrück, Germany. With the sale of the Buffalo site, Aurubis continues to reduce the scope and complexity of its flat rolled product area.
Since June 2022, Aurubis has been building a new production site in Augusta in the US state of Georgia with a focus on processing complex recycling materials as part of its growth strategy. In 2019, the company also bought the former Metallo Group — a recycling specialist — and successfully integrated it into the Group.
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.
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