Orkla, Norsk Hydro Combine in Joint Venture

Orkla ASA and Norsk Hydro ASA are forming a 50/50 joint venture named Sapa, combining their respective profiles, building systems and tubing business into one aluminum solutions provider.

Orkla ASA and Norsk Hydro ASA are forming a 50/50 joint venture named Sapa, combining their respective profiles, building systems and tubing business into one aluminum solutions provider. Headquarters will be in Oslo, Norway. Completion of the transaction is expected to take place in the first half of 2013.