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Wieland Group will acquire all outstanding shares of Global Brass and Copper Holdings in an all-cash transaction valued at $44 per share, representing a 27% premium. The deal is expected to close in the second half of 2019.
Wieland-Werke AG acquired Global Brass and Copper Holdings, Inc. in an all-cash merger valued at approximately US$999 million.
A.J. Oster, a subsidiary of Global Brass and Copper Holdings, has acquired the business of Unimet Metal Supply Inc., including Alumet Supply, for approximately $42 million in cash. Alumet is a non-ferrous metals service center headquartered in Parsippany, New Jersey.