Sapa to buy U.S. aluminum company

June 23, 2009
Aluminum products manufacturer Sapa Group plans to buy bankrupt aluminum extruder Indalex in a move that could increase the Scandinavian company’s North American extrusion capacity by as much as 315,000 metric tons annually. The $95 million purchase ...

Aluminum products manufacturer Sapa Group plans to buy bankrupt aluminum extruder Indalex in a move that could increase the Scandinavian company’s North American extrusion capacity by as much as 315,000 metric tons annually.

The $95 million purchase plan is to be presented to a bankruptcy court judge for approval in an early July auction of assets.

According to a press release from Sapa, the possible purchase would include Indalex’s 10 active plants in North America, six in the United States and four in Canada.

The Illinois-based Indalex has about 1,400 employees and 29 presses. It marked 200,000 tons sold in 2008, representing sales of more than $900 million.

Latest from News

Artinun Prekmoung | Dreamstime
Dmitry Kalinovsky | Dreamstime
Dimarik16 | Dreamstime