Hydro Acquired Sapa to Create a Global Aluminium Champion
Sapa will become a new business area in Hydro, named Extruded Solutions. The combination will make Hydro the only global company in the aluminium industry that is fully integrated across the value chain and markets. After Hydro and Orkla com bined their aluminium extrusion assets in 2013, the two companies have consistently supported the Sapa joint venture‘s impressive progress towards higher performance and value creation through stream lining and improving its global operations. Following the transaction, Hydro will become a global, integrated aluminium company with more than 35 000 employees, and activities in around 40 countries. Hydro‘s rolled products business has a strong market presence throughout product segments in Europe. Sapa is the global extrusion champion, with strong market shares in North America and Europe, and is the global leader in precision tubing. Hydro also has solid market presence in metal products across the value added metal product categories in Europe, NorthAmerica and Asia, and is Norway‘s second largest producer of renewable hydropower. With long positions in bauxite and alumina, Hydro is among the global leaders in the third party bauxite and alumina market outside China.