Hydro's acquisition of Hueck completed

Hydro's acquisition of Hueck completed
Photo source
www.hydro.com

Date: 6 March 2023

Hydro completed the acquisition of Hueck on February 28, following approval from competition authorities in Germany and Austria.

The acquisition strengthens Hydro’s presence in Germany and other European markets, and creates a solid platform for further growth in Extrusions and Building Systems.

“Hueck is in many ways a perfect fit for Hydro Extrusions. With our new colleagues on board, we instantly grow our market share in the important German markets for both Building Systems and Extrusions. We look forward to meeting the people and together we will write new chapters in the history of both companies,” says Executive Vice President of Hydro Extrusions, Paul Warton.

Germany is the largest segment of the European market for building systems and aluminium extrusions. With the acquisition, Hydro will have five extrusion facilities, three recycling facilities and a total of 2,000 employees in the country. This includes 200 technicians who are specialists in creating solutions for windows, doors and facades for the building and construction industry.

Hydro Extrusions is one of Hydro’s strategic growth areas and announced growth investments worth NOK 1.9 billion during 2022.

The transaction was announced on December 8, 2022.

600450 Hydro's acquisition of Hueck completed glassonweb.com

Others also read

Norea Capital becomes a shareholder of Stekar, a Quebec-based leader in architectural systems made of glass, aluminium, or mixed materials for building facades.
The Fenestration and Glazing Industry Alliance (FGIA) has released the FGIA 2024/2025 Study of the U.S. Market for Windows, Doors and Skylights.
We are excited to announce that Allan Gibson will be a featured speaker at the upcoming AT Webinar: Sustainable Heritage, scheduled for June 5th.
The collaboration with India's leading façade fabricator sets a global precedent to support carbon neutral silicone sealants for building façades
The expansion will strengthen SAS' capability, while enabling Dow to provide an expanded portfolio of organic, hybrid and silicone sealants for insulating glass manufacturing
Industry members educate Congressional representatives about the fundamental role of glass and fenestration.

Add new comment

From industry

NEWS RELATED PRODUCTS

A+W Software GmbH