Confluence Advisors, LLC (“Confluence”) served as the exclusive advisor to Concast Metal Products (“Concast”) and Randall Bearings (“Randall”) with respect to their sale to Wieland Group (“Wieland”), a manufacturer of semi-finished products in copper and copper alloys. Terms of the transaction were not disclosed.
Founded in 1891, Concast is a premier manufacturer of continuous cast copper alloys. The company produces 200+ standard stocked and specialty semifinished alloys in bars, rods, tubes, rectangles and other shapes. Concast serves a diverse set of end markets in heavy equipment, plumbing, fluid power, transportation and aerospace. Concast has locations in Mars, Pennsylvania, and Birmingham, Ohio.
Randall Bearings, with locations in Lima, Ohio, and Coldwater, Ohio, offers high-end machined bronze and brass parts, catering to industries such as agriculture, construction, fluid power, oil and gas, heavy equipment, defense, and transportation.
“With the acquisition of Concast and Randall Bearings, we further expand Wieland’s manufacturing and service capabilities in North America. We are very much looking forward to welcoming an experienced workforce and strong leadership team to the Wieland Group,” said Dr. Erwin Mayr, CEO of the Wieland Group.
Wieland partnered with owner Al Barbour on the investment, who will continue to lead the business.
Al Barbour, President and Chief Executive Officer of Concast shared, “Confluence was terrific to work with. I can’t express enough how integral their team and hard work contributed to the success of this process. Wieland is a terrific strategic and cultural fit for Concast and Randall. I am proud to have worked with Confluence through this transaction.”
Wieland Group is one of the world's leading suppliers of semi-finished copper and copper alloy products. With a global network of production sites, service and trading companies, the company offers a broad product, technology and service portfolio. Wieland develops solutions for automotive, electronics, refrigeration, air conditioning and other industries. Wieland uses high-performance copper materials to drive the success of its B2B customers in future-oriented fields such as electromobility, connectivity and urbanization.
About Confluence Advisors, LLC
Confluence Advisors is a middle market investment banking firm focused on representing families, founders, corporations and private equity firms in business sales and capital raise transactions. Since the inception of the company in 2009, Confluence has completed over $2 billion in transaction volume across a variety of industries including distribution, chemical, testing / measurement, manufacturing, healthcare, industrial services, software and business services.