Arconic Divests, Hydro Acquires Latin American Extrusions Plants
Lightweight metals engineering and manufacturing firm Arconic, headquartered in Pittsburgh, Pennsylvania, recently announced that a global integrated aluminum solutions company will acquire its Latin American extrusions business, located in Brazil, part of the company’s transportation and construction solutions segment.
Hydro Extruded Solutions AS, formerly Sapa, which produces extruded shapes (standard and custom), seamless and structural pipe & tube, and standard and specialty rod and bar, noted in a company release that the transaction will expand its capacity to provide solutions for its manufacturing sectors in Brazil. Arconic is divesting two extrusion plants in Utinga and Tubarão in southern Brazil as part of its strategy to streamline assets and production; the assets include one casthouse, seven extrusion presses ranging from 7 to 14 inches, and value-added capabilities.
“We believe in the integrated business model and Brazil is the country where Hydro’s entire value chain is present. From bauxite and alumina, via primary production to extruded solutions, this will strengthen our ability to serve our customers,” said Svein Richard Brandtzæg, president and CEO.
Completion of the transaction is subject to approval from relevant competition authorities in Brazil and is expected within the first half of 2018.
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