Hydro, Orkla to combine aluminium extrusion businesses

Norsk Hydro ASA and Orkla ASA have agreed to combine the aluminium extrusion business of Sapa and Hydro's Extruded Products, creating the world's leading supplier of extruded aluminium solutions. The new company, to be named Sapa, will be a 50/50 joint venture owned by Orkla and Hydro.