Sapa Acquires Aluminum Casting Plant Enhancing Its Capabilities in the Pacific Northwest
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PORTLAND, Ore., – Sapa, the world leader in aluminum solutions, announced today it has completed an asset purchase agreement with Northwest Aluminum Specialties, Inc. to acquire its casting plant in The Dalles, Oregon.
This facility brings Sapa's North American cast house network to a total of nine locations and provides additional strength to Sapa Extrusion's West region, including the Portland manufacturing plant.
Under the terms of the agreement, Sapa has purchased the physical assets of the Northwest Aluminum Specialties casting facility including: plant, property, equipment, and inventory. The company looks to retain the majority of the more than 50 employees employed at the plant.
"This asset acquisition provides us with vertical integration for our extrusion presses and expands our casting business, allowing us to better manage our internal metal supply chain while also growing our high quality aluminum log sales to the market," said Michael Stier, Vice President and General Manager of the West region at Sapa. "We look forward to welcoming The Dalles cast house to the Sapa family and continuing to strategically grow our business."
FOR MORE INFO, PLEASE CONTACT:
Tom Landry
Email: tom.landry@sapagroup.com
Tel: +1 (870) 949-5179
PRESS CONTACT
Joseph Tateoka, Edelman
Email: joseph.tateoka@edelman.com
Tel: +1 312-729-1710
ABOUT SAPA
Sapa is the world leader in aluminum solutions, shaping a lighter future through a global reach and local presence within extrusions, building systems, and precision tubing. The company has 23,500 employees in more than 40 countries, and is headquartered in Oslo, Norway.
SOURCE Sapa
