Wolverine Tube and Ratcliffs Severn Ltd. announced a strategic alliance merging Wolverine's Fergus, Ontario, copper/copper alloy facility with Ratcliffs' Toronto-based light gauge copper operations.
Wolverine Tube and Ratcliffs Severn Ltd. announced a strategic alliance merging the assets of Wolverine's Fergus, Ontario, copper and copper alloy production facility with the assets of Ratcliffs' Toronto-based light gauge copper and brass strip manufacturing operations. The new venture will be named Wolverine Ratcliffs Inc.
Wolverine will own 74.5% of the company and Ratcliffs will 25.5%. An integrated team of operations, engineering, sales and marketing executives from both companies will manage the new firm.