Sapa completed its purchase of U.S. aluminium extrusion company Indalex in accordance with the terms of the asset purchase agreement entered into between them on June 16.
As a part of the purchase, Sapa acquired Indalex’s eleven active plants, six in the U.S. and five in Canada, with two cast houses and 29 presses and a total capacity of about 347,000 tons per year. Indalex has 1,400 employees. Through this acquisition Sapa strengthens its geographical coverage and logistical efficiencies to better serve North America, including an expansion into Canada.
“We have a strong market position and it is vital for Sapa to uphold good customer relations, especially in a time like this. We are able to offer our customers a range of products and services that is truly unique. Sapa will have the ability to further develop new end use applications in North America, benefitting the customers and the extrusion industry as a whole. Indalex has deep production competence and well-maintained assets. It is a well-run company. Combining Sapa and Indalex provides a wider product range and better geographic coverage,” says President and CEO of Sapa, Bjørn Wiggen.