Sapa deal positions Hydro for future European business
Feb 19, 2013 | 01:48 PM
| Jethro Wookey
LONDON Norsk Hydro ASAs tie-up with Norways Orkla ASAwhich linked its extruded products business with the downstream operations of Orklas Sapa Group subsidiaryleaves the company in a strong position for when European markets recover, chief financial officer Jørgen Rostrup told AMM sister publication Metal Bulletin.
The deal, which is expected to close in the first half of this year, will see the formation of a new company named Sapa that will include Sapas aluminum profiles and building system units, as well as extruded and welded tubes.....
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