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Sapa Profiles Inc history
Sapa Profiles Inc company history timeline
That company, founded in 1964, was the largest extruder operating on the West Coast, and helped raise Sapa's total capacity to 280,000 tons per year.
As it geared up to launch sales of its manufactured profiles in 1967, the company invested in its production capacity.
The success of the group's sales effort, in the meantime, encouraged it to open a full-fledged office in England in 1969.
The company's fast growth attracted a new partner in Finland's Nokia, and in 1970 the two companies set up a joint venture in the Netherlands, called Nordalex (later Scandex).
The joint venture paved the way for the opening of the company's first international production subsidiary, with the construction of an extrusion plant in the Netherlands in 1971.
Sapa's strong growth attracted the attention of larger rival Gränges, which acquired the Vetlanda company in 1976.
Backing from its new parent allowed the company to maintain its steady expansion, including the creation of a factory in Denmark, and the acquisition of Germany's Aluminiumwerk Offenburg, completed in 1984.
Gränges' Sapa subsidiary continued building up the group's extruded aluminum business as well, opening a plant in Trzcianka, Poland in 1992.
By then, the company had expanded into France, acquiring a profile maker there in 1993.
In 1994, the company announced its intention to spin off Gränges as an independent, publicly listed company.
Go to: 1994: Hydro-Texaco
Go to: 1995: How to develop an oil field
In 1996, the company bought Breden Group, based in England, a purchase that doubled Sapa's market share there to 20 percent.
Go to: 1996: Ormen Lange a fortune in the Halten bank
Electrolux finally made good on its plans to spin off Gränges in 1997, when the company was listed on the Stockholm Stock Exchange.
The company gained a leading place in the French market in 1999 through the acquisitions of Intexalu, the largest independent profiles business in that market, and Aluvar, a major producer of building systems.
In 2001, the company completed its restructuring in large part, shedding its Eurofoil aluminum foil operation and its plastics operations as well.
In 2002, Norway's Elkem acquired majority control of Sapa, boosting its stake to more than 71 percent by the end of that year.
By 2003, the company had added a new subsidiary in China as well, launching Sapa Profiles (Shanghai) Ltd.
"Sapa Group Invests SEK70m in New Paint Plant in France," Nordic Business Report, September 6, 2006.
Go to: 2011: Hydro came full circle in Brazil
Sapa has, after the merger, a strong position in the European home market as well as in the United States, South America, China, India and Vietnam. It is among the world leaders in the processing of aluminum with about 25,000 employees and total annual revenues of approximately NOK 50 billion (2011 figures).
Signing: From left, Hydro CEO Svein Richard Brandtzæg, Sapa CEO Svein Tore Holsether and Orkla CEO Åge Korsvold met in Oslo on September 1, 2013, to sign the concluding documents for the Sapa transaction. (Photo: Halvor Molland)
Go to: 2013: The world's biggest manufacturer of aluminum extrusions
Support following flooding in February 2018
Go to: 2019: Cyber-attack on Hydro
In 2021 Gränges celebrates its 125th anniversary.
Go to: Invitation to Hydro's second quarter 2022 results
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Sapa Profiles Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Futura Industries | 1946 | $69.0M | 350 | - |
| Klein Tools | 1857 | $550.0M | 2,500 | 5 |
| Garland Industries | 1895 | $738.2M | 500 | - |
| Plymouth Tube | 1924 | $160.0M | 800 | 7 |
| Advanced Assembly | 2004 | $36.5M | 50 | 5 |
| Haworth International Ltd | 1975 | $1.4B | 5,950 | - |
| Rittal US | 1981 | $2.5B | 700 | 59 |
| Phoenix Lighting | 1892 | $8.1M | 20 | - |
| Plastic Components | - | $24.9M | 75 | 2 |
| Boston Whaler | 1958 | $300.0M | 281 | - |
Sapa Profiles Inc history FAQs
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