Orkla-Hydro tie-up to close Sept. 1: Sapa exec

Jun 20, 2013 | 05:53 PM | Michael Cowden

Tags  Norsk Hydro, Sapa, aluminum, Aluminum Summit, aluminum extrusions, Jeffrey Henderson, Sapa Extrusions North America, Orkla Michael Cowden

NEW YORK — A merger to create the world’s 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 AMM’s 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.....





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