Majority stake Closed Jun 2007
Luvata acquires 55% majority stake in AST ElectroFin
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Summary
Luvata (formerly Outokumpu Copper Products) acquired a 55% majority ownership of AST ElectroFin Inc., a Louisville-based electrocoater serving the HVACR heat-exchanger market. The acquired company will be renamed Luvata ElectroFin and operate as a stand-alone business.