Sapa has experienced a favourable market situation in the US in recent years after establishing its first bridgehead in Portland, Oregon in 2000. Today Sapa has a significant market share of the Northwest aluminium profiles market. In order to increase capacity to meet customers’ increasing demands and to develop a market presence in the Midwest, Sapa acquires a one-press extrusion plant in Parsons, Kansas. The plant has been operated by Sapa, Inc. under a lease agreement since the summer 2004. The plant is acquired at 10 MSEK and assets include land, building and equipment.
“The acquisition of the Parsons plant will allow us to develop a new market and establish market presence in the Midwest in the US and to increase services to our customers, says Robin Greenslade, Group Vice President, responsible for Sapa’s Profile operations in the US. From running the plant during the autumn, Sapa, Inc. has been able to gain valuable experiences about the plant in Parsons, test the equipment and to gain local market knowledge. The investment is an important step to retain and increase Sapa’s market share in the US.” For further information please contact Gabriella Ekelund, Communications Manager, Sapa AB, telephone: +46-8-459 59 62 or Robin Greenslade, Group Vice President, responsible for Sapa Profile in the US, the UK, Germany and the Benelux, telephone: +44-7717 860 248. |