Sapa Press Release
SAPA sells Haticon to Mounting Systems Gmbh
Edited by : AL CIRCLE
1 min read
Sapa has sold its HatiCon operations to the German company Mounting Systems GmbH. HatiCon produces, markets and sells aluminium extrusion-based mounting systems for the solar industry.
The agreement reached today means that Mounting Systems GmBH, will with immediate effect take over the operations for HatiCon Germany GmbH, including the U.S. company HatiCon Solar, LLC.
The divestment concludes a process in which the management of Sapa’s aluminium building systems business area also had evaluated new restructuring measures following challenging market conditions in the solar industry in Europe.
“Combining Mounting Systems and HatiCon will be an opportunity to create a strong and competitive player in the photovoltaic and solar thermal mounting systems industry,” says Karsten Lundgaard, executive vice president and head of Sapa Building Systems.
Sapa delivers aluminium solutions to customers in the solar industry across the world, however, HatiCon has been the only unit in Sapa delivering branded systems to this industry. “Going forward Sapa will not be operating with branded systems in this industry but rather continue as a supplier of aluminium extrusions to companies like Mounting Systems and HatiCon,” concludes Lundgaard.
The agreement reached today means that Mounting Systems GmBH, will with immediate effect take over the operations for HatiCon Germany GmbH, including the U.S. company HatiCon Solar, LLC.
The divestment concludes a process in which the management of Sapa’s aluminium building systems business area also had evaluated new restructuring measures following challenging market conditions in the solar industry in Europe.
“Combining Mounting Systems and HatiCon will be an opportunity to create a strong and competitive player in the photovoltaic and solar thermal mounting systems industry,” says Karsten Lundgaard, executive vice president and head of Sapa Building Systems.
Sapa delivers aluminium solutions to customers in the solar industry across the world, however, HatiCon has been the only unit in Sapa delivering branded systems to this industry. “Going forward Sapa will not be operating with branded systems in this industry but rather continue as a supplier of aluminium extrusions to companies like Mounting Systems and HatiCon,” concludes Lundgaard.
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