Copper tube manufacturer Wolverine Tube
(Canada) Inc. announced its recent purchase of all of the assets from the Kamco
Division of Granby Industries Ltd Partnership.
“Kamco is a leader
in coated copper tube products and represents an excellent expansion
opportunity for Wolverine Canada into a niche, value-added segment, which is
our strategy for future growth,” commentedJean Noelting,
president of Wolverine Tube.
Wolverine plans to move the
assets of Kamco into its facility to reduce costs and gain advantage of
logistics efficiencies by shipping Kamco products along with Wolverines. Its
customer base is often the same, Noelting added.
The transaction was completed at the
end of October, but there is currently a transition period following closing,
during which the equipment will be moved and order entry will be transferred to
London.
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