aluminium extruded products

Finnish Aluminium Profiles Firm Purso Purchases Dutch Firm Nedal

Finnish Aluminium Profiles Firm Purso Purchases Dutch Firm Nedal

Finnish aluminium profiles firm Purso Group Oy announced last week the purchase of Dutch competitor Nedal Aluminium B.V. for an undisclosed sum. Purso’s purchase of the Hunter Douglas subsidiary represents its biggest corporate acquisition to date. Purso’s acquisition of Nedal includes a...

Events

Auto Supplier Shape Corp. Buys Aluminium Extruder Magnode

Southwest Michigan auto supplier Shape Corporation announced to its investors yesterday the acquisition of southwest Ohio aluminium extruder Magnode Corporation. Although specifics of the deal were not given at the time of the announcement, Shape indicates that Magnode will be come a division of Shape, and that the acquisition will close early in March of […]

Arconic Deals Two Brazilian Extrusion Plants to Norsk Hydro for US$10 Million

Norwegian aluminium firm Norsk Hydro A.S.A. announced yesterday that its subsidiary Hydro Extruded Solutions AS has come to an agreement with U.S. value-added aluminium firm Arconic to purchase the latter’s twin aluminium extrusion plants in southern Brazil. Hydro said the US$10-million deal will enhance the firm’s operations in the country. The two plants, located in […]

Standards Certification Suspended at Kobelco Aluminium Extrusions Plant

Kobelco’s aluminium operations faced another setback this week after Japanese Industrial Standards (JIS) temporarily suspended certification for its aluminum extrusion plant in Chofu. The company revealed the news in a statement released on Tuesday. The statement indicated that the suspension means that the plant is barred from selling aluminium in the form of alloy bars, […]

Norsk Hydro Closes On Purchase of Remaining Interest in Sapa from Orkla

Norsk Hydro A.S.A. announced yesterday that it has completed the acquisition of the remaining shares of Sapa AS, making it the full owner of the firm. The two firms agreed upon an enterprise value for the entirety of Sapa’s operations of NOK27 billion (US$3.37 billion). Adjusted for net debt and normalized working capital, Hydro tendered […]