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Hydro’s acquisition of Sapa completed; combination makes Hydro only fully integrated aluminum compny

Tuesday, October 3, 2017   (0 Comments)
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The acquisition by Hydro of Orkla's 50% interest in Sapa has received all competition approvals required before closing. Consequently, Hydro and Orkla expect to close the transaction on or about October 2. The deal would give Sapa's full ownership to Hydro. Sapa will become a new business area in Hydro, named Extruded Solutions.

Hydro and Orkla combined their aluminum extrusion assets in 2013, forming a 50/50 joint venture. Sapa operates within the business areas Extrusion Europe, Extrusion North America, Precision Tubing and Building Systems, has 22,400 employees and is present in 40 countries.

The combination will make Hydro the only global company in the aluminum industry that is fully integrated across the value chain and markets. More...