Norsk Hydro completes Brazil aluminum extrusion plants acquisition

Norsk Hydro completes Brazil aluminum extrusion plants acquisition

Chamber Articles Category: Industry News Post Date: 04/03/18 Source: S&P Global By: S&P Global
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Norsk Hydro completed Monday its acquisition of Arconic's two aluminum extrusion plants in Brazil. Last December, Hydro announced that it would pay $10 million for the two extrusion plants in Utinga and Tubarao in southern Brazil. The facilities include a casthouse and seven extrusion presses.

"With the acquisition of Utinga and Tubarao, Hydro will become the market leader in the Brazilian extrusion market," Hydro executive vice president and head of extruded solutions, Egil Hogna, said in a statement on Monday.

"We believe in the importance of being close to our customers to offer high quality customized extrusions and local support," Hogna said.
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