Sapa acquires Slovakian profiles company
[2005-07-14 16:30]
Sapa continues to expand in Eastern Europe by acquiring the Slovakian aluminium profiles company Alufinal.
The company, which is located in Žiar nad Hronom, holds a strong position in the Slovakian and Czech markets with annual sales of EUR 35 million and 300 employees. Production resources comprise three presses with a capacity of approximately 20,000 tonnes. The company also has its own building system and resources for surface treatment and processing.
Eastern Europe is an important market for Sapa. Consequently, Alufinal is strategically attractive, located close to markets with strong growth, while also close to the major established markets in Central Europe.
"Sapa is making determined efforts to expand in Eastern Europe. The acquisition of Alufinal provides us with a considerable market presence in an area in which we have previously not been active. Slovakia, the Czech Republic, Hungary and Austria are examples of countries with attractive business potential, among others within the transport and construction industries. Slovakia is, for example, the world´s largest per capita car producer," says Arne Rengstedt, Group Vice President responsible for Sapa´s profile operations in Eastern Europe. "Overall, the acquisition also reinforces our position as one of Europe´s leading suppliers of aluminium profiles," he continues.
The acquisition of Alufinal, which is subject to approval by relevant competition authorities, is expected to be concluded during the autumn.
For further information, contact Arne Rengstedt, Group Vice President, responsible for Sapa´s profile operations in Eastern Europe, tel.: +46 383-941 00, mobile: +46 70-683 29 10, or Stefan Thorheim, CFO, tel.: +46 8-459 59 17, mobile: +46 708-19 59 17.
Sapa is an international industrial group, which develops and markets value-added aluminium profiles, profile-based components and systems, and heat exchanger strip in aluminium. Sapa has annual sales of approximately SEK 14 billion, with some 7,900 employees throughout Europe, as well as in the US and China.
Sapa is one of Europe´s leading manufacturers within its field and customers are found in the transport, telecom, engineering and construction industries.
Further information about Sapa can be found at www.sapagroup.com.
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