Orkla-Hydro tie-up to close Sept. 1: Sapa exec
Jun 20, 2013 | 05:53 PM
| Michael Cowden
NEW YORK A merger to create the worlds largest extrusion company should by completed Sept. 1, according to Sapa Extrusions North America marketing director Jeffrey Henderson.
Sapa, the new company, results from a "merger of equals" and is a 50-50 joint venture between Norsk Hydro ASA and Orkla ASA, the parent company of Sapa Group, he said during a presentation at AMMs Aluminum Summit in New York.
The deal has already been approved by regulators in the United States, Europe and elsewhere, Henderson said. The sole holdout is China, which has said that it is waiting for decisions in the United States and Europe before making its own decision, he added.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.