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

The Fenestration and Glazing Industry Alliance (FGIA) has released an updated version of its widely used water leakage field check specification for non-operable fenestration systems.
The implementation of the Digital Product Passport (DPP) for construction products, which is anchored in the revised EU Construction Products Regulation (CPR), is progressing.
FIT Show organisers are thrilled to announce the winners of the FIT Show 2025 Marketing Awards, marking the event’s biggest and most competitive year yet.
FENSTERBAU FRONTALE has a new director with immediate effect: Chiara Sträßner is taking charge of the organization of the world's leading trade fair for windows, doors and facades.
L'Arreda Vetro Bizzotto raises the bar in glass processing once again with a strategic investment in cutting-edge PUJOL technology, marking a new milestone for innovation in Italy.
Plymouth-based Union Glass, a leading force in the Southwest’s glazing industry, has announced the acquisition of Armada Glass and Glazing — one of the region’s most respected names in bespoke interior glass design.

Add new comment

From industry

NEWS RELATED PRODUCTS

A+W Software GmbH