Luvata smelts and refines copper mainly for markets in Europe and the US. Products include copper rods, bars, sheets, plates, strips, wire, and tubes. Its operations include Rolled Products; Air Conditioning/Refrigeration Tubes; and Luvata Heat Transfer Solutions, which makes HVAC components like heat exchangers, air conditioning units, and food storage refrigeration products. Private equity firm Nordic Capital owns Luvata, having bought the company from Outokumpu in 2005. The following year it changed its name to Luvata, which is a Finnish word meaning to promise. Luvata sold its rolled products division to Aurubis AG in 2011 for about $370 million.