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Joint venture Sapa founded with Hydro and Orkla as owners

The transaction to merge Norsk Hydro ASA's Extruded Products business and Sapa's extrusion business into a 50/50 joint venture was carried out as planned. Sapa, the new global leader in extruded aluminum, was founded on September 1st.

Orkla and Hydro agreed in October 2012 to combine their respective activities in the fields of profiles, construction systems and pipes to form a joint venture, which will be owned 50 percent each by the two companies.

After the last approval by the Chinese anti-trust authorities on August 19, the transaction was carried out on September 1.

Sapa AS has 23,000 employees, the corporate headquarters are in Oslo, Norway.

The company has local expertise, a global network and strong R&D skills, and supplies customers in more than 100 countries from manufacturing sites in 40 countries.

The new joint venture occupies a leading position in Europe and North America and has strong pillars in emerging markets such as Brazil, China, India and Vietnam.

This text is machine translated. To view the original German text, click on DE on the top right of this window

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