Sapa Group
Sapa AS is a Norwegian manufacturer of extruded aluminium profiles, a 50/50 joint venture owned by the Norwegian companies Orkla Group and Norsk Hydro. Sapa's head office is in Oslo. It is the largest aluminium extrusion-based solutions company in the world, counting 100 production sites in more than 40 countries, and has 23,500 employees.
History
Skandinaviska Aluminiumprofiler AB (Scandinavian Aluminum Profiles) set up its first extrusion plant in Vetlanda in 1963, with sales of aluminum profiles from the Swedish plant beginning in 1967. The Norwegian corporation Orkla Group acquired Sapa in 2005 and delisted the company from the Stockholm Stock Exchange.
Sapa and Alcoa engaged in a joint venture in 2007, thereby creating one of the leading 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 Sapa name, and became the sole owner of Sapa.