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.
: 2 September 2013