According to a report, Hydro, on Tuesday, September 10, announced that it signed an agreement with Austria-based Hammerer Aluminium Industries (HAI) for the sale of its extrusion plant located in Romania.
The decision to sell Hydro Extrusion is part of the overall review in Extruded Solutions aiming to optimise and streamline the portfolio. As per the report, the transaction is expected to be completed in the last quarter of 2019.
Hydro Extrusion, part of the Extruded Solutions business area, has around 200 employees and produces around 20,000 tonnes of extruded profiles per year, mainly for the construction industry.
Hammerer Aluminium Industries (HAI) supplies aluminium and aluminium-related products. It owns an aluminium extrusion factory in Santana, western Romania.
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