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engaged in a joint venture in 2007, making it one of the world's largest extrusion companies. One year later, in
December 2008, Alcoa and Orkla executed an asset swap transaction. In this transaction, Orkla took over Alcoa's soft aluminium alloy extrusion business, which was then organized under the
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announced that they had agreed to combine the aluminium extrusion businesses of Sapa and Hydro into a new 50/50 joint venture, which would keep the Sapa name. After having received approvals from all relevant authorities, the joint venture transaction was closed and a new company, Sapa AS, was
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In 2009 the company acquired 10 North
American extrusion plants that belonged to Indalex. At the time of the purchase, Indalex was under bankruptcy protection. The acquisition covered six plants in the United States and four in Canada.
131:, Norway. In 2015, it was debarred and excluded from all contracting with the US Federal Government in response to a 19 year scheme to falsify material testing and certification records, which directly resulted in the loss of two
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launch failures, which resulted in the loss of 700 million dollars worth of payload, determined that the root cause was the use of defective parts manufactured and fraudulently certified by Sapa
Profiles, Inc. (SPI).
127:. Hydro has the largest global aluminium extrusion-based operation in the world, counting 100 production sites in more than 40 countries, and has 22,400 employees. Hydro's head office is located in
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established on
September 1, 2013. Hydro ASA acquired Sapa in October 2017, when Sapa was renamed Hydro Extruded Solutions and organized as a new business area.
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in 1963, with sales of aluminum profiles from the
Swedish plant beginning in 1967. The Norwegian corporation
364:"Aluminum Manufacturer Allegedly Knew It Was Selling Faulty Parts To NASA, Resulting In Two Failed Launches"
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228:"NASA Says Aluminum Fraud Caused $ 700 Million Satellite Failures"
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209:"Norsk Hydro agrees $ 3.2bn deal for aluminium producer Sapa"
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288:"Sapa to strengthen North American Business acquire Indalex"
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Hydro
Extruded Solutions (business area within Hydro ASA)
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acquired Sapa in 2005 and delisted the company from the
317:"Norway: Orkla and Hydro announce Sapa joint venture"
135:satellites, totaling more than $ 700 million USD.
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178:In October 2012, Orkla and the Norwegian company
270:"Orkla, Alcoa seal Sapa aluminium parts venture"
171:Sapa name, and became the sole owner of Sapa
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399:Manufacturing companies established in 1963
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252:"Sapa opens new plant in South France"
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186:In 2019 a NASA investigation of two
143:Skandinaviska Aluminiumprofiler AB (
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384:Manufacturing companies of Norway
90:22,400 (Hydro Extruded Solutions)
145:Scandinavian Aluminum Profiles
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404:1963 establishments in Norway
389:Aluminium companies of Norway
366:. iflscience.com. 2019-05-02.
323:. 2012-10-16. Archived from
294:. 2009-06-17. Archived from
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226:Bloomberg (2019-05-01).
161:Stockholm Stock Exchange
115:Hydro Extruded Solutions
394:Companies based in Oslo
117:is a manufacturer of
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147:) set up its first
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232:IndustryWeek
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40:Headquarters
409:Norsk Hydro
180:Norsk Hydro
157:Orkla Group
378:Categories
331:2017-08-15
302:2017-08-15
237:2024-09-15
195:References
57:Egil Hogna
52:Key people
292:Orkla.com
166:Sapa and
151:plant in
149:extrusion
122:aluminium
80:aluminium
77:extrusion
75:profiles
26:Aluminium
153:Vetlanda
125:profiles
119:extruded
66:Products
46:, Norway
22:Industry
274:Reuters
139:History
95:Website
32:Founded
106:/en-US
102:.hydro
168:Alcoa
60:(EVP)
350:NASA
133:NASA
129:Oslo
104:.com
44:Oslo
35:1963
100:www
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