Wieland North America, a copper and copper alloy specialist, announced that they have entered into a definitive agreement to acquire the business of specialty metals reroller Scott Brass through an asset purchase transaction.
Scott Brass, based in Cranston, Rhode Island offers a range of specialty metals products to its customers in the northeast and across the United States, which can be used in fasteners. Wieland is a 200-year old, family-owned global technology and service provider in the brass and copper industry, known for excellent customer service and innovative solutions.
This transaction will broaden the customer base served by Wieland’s global distribution network (consisting of over 90 facilities and 9,000 employees) and further strengthen Wieland’s position in the North American market.
The move stems from Wieland’s pursuit of growth opportunities across North America, Europe, and Asia. The deal also builds on recent momentum from its merger with Global Brass and Copper Holdings, Inc. (Schaumburg, IL) less than a year ago.
Scott Brass customers can expect Wieland to continue to meet their needs for high quality copper, copper alloy, and specialty metals products in North America and across the world through expanded access to Wieland’s world-class manufacturing capabilities, reliable distribution network, and excellent customer service.
The Wieland-Scott Brass transaction is expected to close in approximately 60 days.
Wieland North America