History
Skandinaviska Aluminiumprofiler AB (Scandinavian Aluminum Profiles) set up their first extrusion plant in Vetlanda in 1963, with sales of aluminum profiles beginning in 1967. 1970-71 saw the creation of Sapa Spont, their first building system and the opening of their first plant outside of Sweden, their Netherlands subsidiary, Scandex. In 1974, Sapa Front building systems was introduced. The firm was acquired by the Swedish aluminum manufacturer Gränges Aluminium in 1976.
In 1980, Electrolux acquired Gränges, followed by a series of acquisitions and investments leading up to the introduction of Gränges AB to the Stockholm Stock Exchange in 1997. In 2005, Sapa was acquired by the Norwegian corporation Orkla ASA and delisted from the Stockholm Stock Exchange.
In 2007, Sapa and Alcoa engaged in a joint venture to become the worlds’ largest aluminium profile company.
In 2008, in a swap deal between Alcoa and Orkla, Orkla become the sole owner of Sapa.
In 2009, Sapa acquired the 10 North American extrusion plants of Indalex. Indalex was under bankruptcy protection at the time of the purchase. The deal included 6 plants in the United States and 4 in Canada...
Read more about this topic: Sapa Group
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