Hydro, Sapa set downstream assets merger
Oct 15, 2012 | 01:29 PM
| Jethro Wookey
LONDON Norsk Hydro ASA and Orkla ASA, owner of Sapa Group, have agreed to combine all of their aluminum profiles, building systems and tubing businesses into a 50-50 joint venture, the companies announced Monday.
The new companyto be named Sapawill comprise the profiles, building systems and extruded and welded tube units of Orklas wholly owned Sapa and all of Hydros extruded products businesses. It will have "leading positions in Europe and North America, and strong footholds in emerging markets, including Brazil, Argentina, China, India and Vietnam,"....
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