Mueller Industries

What Mueller Industries does

Mueller Industries, Inc. (NYSE: MLI) is a U.S.-headquartered industrial manufacturer founded in 1917 and based in Collierville, Tennessee. The company specializes in copper and copper alloy manufacturing and also produces goods from aluminum, steel, and plastics, operating through three reportable segments: Piping Systems (copper tube, fittings, valves, line sets for potable water, HVACR, medical gas, and data center cooling), Climate Products (heat exchangers, sight-glasses, flexible duct, complex manifolds, pressure vessels, refrigeration components), and Industrial Metals (copper and brass rod, forgings, extrusions, precision-machined components, and large-diameter conductors for OEM manufacturers in appliance, automotive, defense, aerospace, medical, energy, and telecommunications).

Mueller is the only vertically integrated manufacturer of copper tube and fittings, and brass rod and forgings in North America, running a decentralized portfolio of more than 20 subsidiaries and joint-venture interests — including Mueller Brass, MG Machining, Conex Cable, Westermeyer Industries, Precision Tube, Mueller Impacts, Mueller Forgings, Turbotec, Linesets, ATCO Flexible Duct, Mueller Streamline, Kessler Sales and Distribution, Elkhart Products, BK Products, Bison Metals Technologies (acquired March 2026), Mueller Europe (UK), Mueller Middle East (Bahrain JV with Mumtalakat and Cayan Ventures), and a joint interest in Tecumseh Products (with Atlas Holdings). Manufacturing and distribution operations span the United States, Canada, Mexico, the United Kingdom, South Korea, China, and Bahrain, with end markets reached across more than a dozen countries.

The business model is fundamentally B2B hardware sales. Revenue is generated through three streams — Piping Systems Products, Industrial Metals Products, and Climate Products — sold via a hybrid go-to-market that combines wholesale and retail distributor networks (notably Kessler Sales and Howell Metal), company-owned sales and distribution support locations (Collierville TN, West Palm Beach FL, Covington TN, University Park IL, Ennis TX, Fulton MS, Jacksonville FL, Ontario CA, Sanger CA), direct OEM sales for precision components and conductors, and regional manufacturing-for-local-markets in Europe and the Middle East. Pricing is negotiated directly with distributors, OEMs, and end customers and is not publicly disclosed. FY2025 revenue reached $4.2 billion (up 10.5% YoY) with a record $765.2 million in net income and $958.5 million in operating income; Q1 2026 revenue rose 19% to $1.19 billion with record EPS of $2.16, supported by a $1.38 billion cash balance, no long-term debt, 25%+ ROE, and 23 consecutive years of dividend payments.

Name

Mueller Industries

Legal name

Mueller Industries, Inc.

Website

https://muellerindustries.com

Company type

Public

Founded year

1917

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Mueller Industries (NYSE: MLI) is a U.S. industrial manufacturer, founded in 1917 and based in Collierville, TN, that produces copper and copper alloy tubing, fittings, brass rod, forgings, heat exchangers, and precision components for plumbing, HVACR, appliance, automotive, defense, energy, and medical OEMs across the Americas, Europe, Asia, and the Middle East.

Ownership category

akta.pro rank

Product category

Copper and Brass Industrial Products

NAICS

Other Metal Valve and Pipe Fitting Manufacturing (332919), Fabricated Pipe and Pipe Fitting Manufacturing (332996), Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (33121), Metal Valve Manufacturing (33291)

SIC

Miscellaneous Primary Metal Products (3390), Steel Pipe & Tubes (3317), Miscellaneous Fabricated Metal Products (3490)

akta.pro primary industry

Automotive Refrigerant Lines, Hoses & Thermal Plumbing (IMACALAG)

akta.pro secondary industry

Hoses, Tubing & Fittings (Hydraulic/Pneumatic Lines & Connectors) (IMAHAGAH)

Keywords

• Copper tube manufacturing
• Brass fittings production
• Piping systems distribution
• HVACR components supply
• Industrial metals forging

Headquarters

HQ city

Memphis

HQ country

United States

HQ region

North America

Offices43 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Piping Systems Products: Sale of copper and copper alloy tubing, piping, fittings, valves, and related products for residential and commercial flow systems including drinking water and oxygen lines.
2. Industrial Metals Products: Sale of copper rod, brass rod, brass bar, forgings, extrusions, and precision components to OEM manufacturers in appliance, automotive, defense, and medical industries.
3. Climate Products: Sale of heat exchangers, sight-glasses, flexible duct, complex manifolds, pressure vessels, and refrigeration components for HVACR applications.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels2 records

Core offering

Mueller Industries manufactures and distributes copper and copper alloy tubing, fittings, valves, brass rod, forgings, extrusions, heat exchangers, flexible duct, pressure vessels, and precision machined components. Its products serve plumbing, HVACR, appliance, defense, automotive, medical, energy transmission, and data center cooling applications through three business segments: Piping Systems, Climate Products, and Industrial Metals.

Product overview

Mueller Industries is an industrial manufacturing company that operates as a diversified portfolio of specialized companies organized into three business segments: Piping Systems, Climate Products, and Industrial Metals. The company specializes in copper and copper alloy manufacturing while also producing goods from aluminum, steel, and plastics. The product portfolio includes copper tubing, brass rod and bars, fittings, valves, pressure vessels, heat exchangers, flexible duct products, wire and cable products, forgings, and precision machined components. Products are distributed across sectors including building construction, plumbing, HVAC/refrigeration, appliance, defense, energy, automotive, and medical markets. The company is headquartered in Collierville, Tennessee with operations throughout North America, Europe, Asia, and the Middle East.

Differentiator

Problem solved

Functional benefit

Brands

• Streamline: Streamline copper tubing, line sets, fittings, and valves brand under Mueller Streamline Co.
• Mueller LMP
• ProMate
• Wednesbury
• Yorkshire
• JWM Fittings

Products and services

• Great Lakes Copper Tubing Premium copper tubing for plumbing, refrigeration, industrial, and HVAC markets, including copper tubing for potable water, air conditioning, medical, and aftermarket applications, plastic-coated copper, PEX rings, and EZ-Roll Line Sets. Serves plumbing distributors, HVAC contractors, and OEM manufacturers in North America.
• Howell Metal Copper Tubing and Line Sets
• JWM Copper Fittings
• Mueller Europe Copper Tube (Wednesbury and Yorkshire brands)
• Mueller Middle East Copper Tube
• Linesets Custom Line Sets
• Mueller Streamline Co. Copper Tubing, Fittings, and Valves
• Mueller Refrigeration Valves and Protection Devices
• ATCO Flexible Duct Products
• Westermeyer Industries Pressure Vessels
• Turbotec Products Heat Exchangers
• Mueller Brass Company Alloys and Forgings
• MG Machining Precision Components
• Mueller Impacts Aluminum Impact Extrusions
• Mueller Forgings Co. Brass, Bronze, Copper, and Aluminum Forgings
• Elkhart Products Corporation Screw Machine and Tube Mill Products
• Nehring Electrical Works Conductors and Cables
• Conex Cable Steel and Aluminum-Clad Wire
• Precision Tube Company Non-Ferrous Seamless Tubing
• Bison Metals Technologies Copper Tubing
• BK Products Plumbing Valves and Connectors
• Kessler Sales and Distribution Wholesale Plumbing Supply

Quantifiable outcome

• Record Q1 2026 EPS of $2.16, a 55.3% year-over-year increase, largest first-quarter profit in company history.
• +5 more outcomes

Named customers9 records

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Mumtalakat (Bahrain's sovereign wealth fund)coreStrategic or Co-development Partner · 1 January 2016Mueller Middle East was established in 2016 as a partnership between Mumtalakat (Bahrain's sovereign wealth fund), Mueller Industries, Inc., and Cayan Ventures to build the first copper tube manufacturing facility in Bahrain. The facility serves regional air conditioning and refrigeration original equipment manufacturers (OEMs) in the Middle East.
• Cayan VenturescoreStrategic or Co-development Partner · 1 January 2016Mueller Middle East was established in 2016 as a partnership between Mumtalakat, Mueller Industries, Inc., and Cayan Ventures to build the first copper tube manufacturing facility in Bahrain, producing commercial copper tubes for regional AC and refrigeration OEMs.
• Atlas Holdings LLCminorStrategic or Co-development PartnerTecumseh Products Co. is a joint investment between Mueller Industries, Inc. and Atlas Holdings LLC. Tecumseh is a leading global manufacturer of hermetically sealed compressors for residential and specialty air conditioning, household refrigerators and freezers, and commercial refrigeration applications.

Scale indicators19 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Wieland Group: European-headquartered manufacturer of copper and copper alloy semi-finished products including tubes, strips, rods, and wires. Wieland is the closest global comparable to Mueller's copper tube and fittings business, serving plumbing, HVACR, automotive, and electronics end markets with similar product breadth.
• Materion Corporation: U.S. specialty metals manufacturer producing precision-engineered materials including beryllium, copper, and copper alloy products serving industrial, aerospace, defense, and electronics markets. Materion's specialty copper products directly overlap with Mueller's Industrial Metals segment.
• KME Group: European copper products manufacturer producing copper and copper alloy tubes, bars, and rods for plumbing, HVAC, and industrial applications. KME directly competes with Mueller Industries in copper tube markets across Europe and select global regions.
• Encore Wire Corporation: U.S. manufacturer of copper and aluminum wire and cable products for residential, commercial, and industrial applications. Encore Wire overlaps with Mueller's Nehring Electrical Works and Conex Cable subsidiaries in copper and aluminum conductors serving utility and electrical markets.
• Modine Manufacturing: U.S. manufacturer of heat transfer and thermal management products for HVAC, refrigeration, data center cooling, and automotive applications. Modine's data center cooling and HVACR heat exchanger business directly overlaps with Mueller's Turbotec, Westermeyer, and ATCO Flexible Duct subsidiaries.
• Howden Group (Chart Industries): Global manufacturer of heat transfer and cooling products including heat exchangers, cold boxes, and cryogenic equipment serving HVAC, refrigeration, and industrial gas markets. Chart Industries overlaps with Mueller's Climate Products segment and pressure vessel manufacturing at Westermeyer Industries.

Others

• Radius Recycling (formerly Schnitzer Steel): North American recycler and producer of recycled metal products including copper. While not a direct product peer, Radius is an upstream copper supplier and adjacent comparator in the copper value chain relevant to Mueller's vertically integrated copper sourcing.

Broad incumbents

• Commercial Metals Company: U.S. manufacturer of steel and metal products including rebar, structural steel, and related fabricated metal products. CMC provides broad incumbent comparability to Mueller through its fabricated metal products portfolio, though CMC is primarily steel-focused rather than copper-centric.
• Aurubis AG: European integrated copper producer covering smelting, refining, and recycling through to semi-finished copper products. Aurubis overlaps with Mueller in rod and copper products but operates a much broader upstream value chain, making it a broad incumbent comparator.
• Olin Corporation: Diversified manufacturer with a significant brass and copper alloy products (Olin Brass) segment producing copper sheet, strip, and fabricated components. Olin's brass products overlap with Mueller's Industrial Metals segment while its broader chemicals and ammunition businesses make it a broader incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mueller-industries

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries24 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A18 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mueller Industries