Hydro acquires Arconic’s extrusion plants in Brazil

Hydro acquires Arconic’s extrusion plants in Brazil
Photo source
hydro.com
Hydro Extruded Solutions AS has agreed with Arconic to acquire its two extrusion plants in Brazil. The agreement will strengthen Hydro’s downstream position in Brazil and create a solid platform for further growth.

“We believe in the integrated business model and Brazil is the country where Hydro’s entire value chain is present. From bauxite and alumina, via primary production to extruded solutions, this will strengthen our ability to serve our customers,” says President and CEO Svein Richard Brandtzæg.

The two extrusion plants in Utinga and Tubarão in southern Brazil have combined more than 600 employees, 1 cast house, 7 presses ranging from 7 to 14 inches and value-added capabilities.

The transaction is in line with Hydro’s strategy of selected growth within its business area Extruded Solutions, and will further strengthen Hydro’s position in Brazil.

“We believe in the importance of being close to our customers to offer high quality customized extrusions and local support. With the acquisition of Utinga and Tubarão, Hydro will become the market leader in the Brazilian extrusion market, says EVP and head of Extruded Solutions, Egil Hogna.

Under the terms of the agreement, the price include a cash payment from Hydro of $10 million, subject to working capital and other adjustments.

Completion of the transaction is subject to approval from relevant competition authorities in Brazil, and is expected within the first half of 2018.

600450 Hydro acquires Arconic’s extrusion plants in Brazil glassonweb.com

See more news about:

Others also read

Come see Scotchman Industries at GlassBuild America!
Scotchman Industries will be bringing the best circular cold sawing systems for the aluminum extrusion market to Vegas this fall for GlassBuild America.
Dynamic, translucent façades at Flekkefjord Cultural Centre
The new Flekkefjord cultural centre is situated on the waterfront of Flekkefjord, a town in Southern Norway. The project, designed by the Helen & Hard architectural firm, covers an area of 3,100 m2, distributed over three floors.
At the glasstec the ConvectLam2 laminates flat glass in demo mode
LiSEC presents its product innovations at glasstec, which focus on the areas of glass cutting, glass processing, flat glass lamination, and insulating glass production.
Glass has extensive experience in new build window specification
aluplast has continued its rapid growth in the UK, agreeing a new supply deal with new build and architectural specification specialist D Glass.
AEC Releases Updated Aluminum Extrusion Manual
The Aluminum Extruders Council (AEC) has updated the Aluminum Extrusion Manual, one of the Council’s most important and popular resources on the AEC website.
VEKA expands with facility in North Carolina
VEKA Holds Meet and Greet for Local Officials at New East Location.

Add new comment