Wieland also announced the acquisition of two American manufacturing companies, Concast Metal Products and Randall Bearings.
Wieland Expands Product Portfolio to Include Capillary Tubes with Acquisition of Small Tube Products
The German copper and copper alloy product supplier closed the transaction with the U.S. company on July 31.
Shell-and-tube heat exchangers using the new tubes are as efficient as predecessor units but reduce material procurement CO2e emissions by 50%.
The copper manufacturing company improved its rating from bronze to silver in the past year.
Copper piping manufacturer’s B score puts it in top 36% of industry peers.
The recent purchases are expected to further strengthen the company’s market position, manufacturing capabilities and distribution network in the region.
According to Wieland Group’s 2020/21 Sustainability Report, the company has also achieved a product recycling rate of 74% and boosted management diversity.
The companies aim to jointly develop efficient and compact refrigeration systems with reduced refrigerant charges.
With the acquisition, copper and brass specialist Wieland is seeking to expand its customer base in North America.