Mueller announces expansion plans - 1 views
-
Piotr Ortonowski on 06 Jun 11Mueller Industries Inc., the largest copper alloy rod, bar and section and copper tube producer in the US, expressed interest in expanding their production facilities as well as diversifying their product range. Mueller has placed a preliminary non-binding bid letter for the 100% purchase of unnamed copper producing assets based in Reading, Pennsylvania, owned by Industrias Unidas SA de CV and its subsidiary, United Copper Industries Inc. (UCI). Mueller has allocated US$35-50M in cash for the purchase. The company has also expressed interest in buying an electrical building wire manufacturing facility in Denton, Texas.