History
Skandinaviska Aluminiumprofiler AB (Scandinavian Aluminum Profiles) set up their first extrusion plant in Vetlanda in 1963, with sales of aluminum profiles beginning in 1967. 1970-71 saw the creation of Sapa Spont, their first building system and the opening of their first plant outside of Sweden, their Netherlands subsidiary, Scandex. In 1974, Sapa Front building systems was introduced. The firm was acquired by the Swedish aluminum manufacturer Gränges Aluminium in 1976.
In 1980, Electrolux acquired Gränges, followed by a series of acquisitions and investments leading up to the introduction of Gränges AB to the Stockholm Stock Exchange in 1997. In 2005, Sapa was acquired by the Norwegian corporation Orkla ASA and delisted from the Stockholm Stock Exchange.
In 2007, Sapa and Alcoa engaged in a joint venture to become the worlds’ largest aluminium profile company.
In 2008, in a swap deal between Alcoa and Orkla, Orkla become the sole owner of Sapa.
In 2009, Sapa acquired the 10 North American extrusion plants of Indalex. Indalex was under bankruptcy protection at the time of the purchase. The deal included 6 plants in the United States and 4 in Canada...
Read more about this topic: Sapa Group
Famous quotes containing the word history:
“All objects, all phases of culture are alive. They have voices. They speak of their history and interrelatedness. And they are all talking at once!”
—Camille Paglia (b. 1947)
“The best history is but like the art of Rembrandt; it casts a vivid light on certain selected causes, on those which were best and greatest; it leaves all the rest in shadow and unseen.”
—Walter Bagehot (1826–1877)
“Every generation rewrites the past. In easy times history is more or less of an ornamental art, but in times of danger we are driven to the written record by a pressing need to find answers to the riddles of today.... In times of change and danger when there is a quicksand of fear under men’s reasoning, a sense of continuity with generations gone before can stretch like a lifeline across the scary present and get us past that idiot delusion of the exceptional Now that blocks good thinking.”
—John Dos Passos (1896–1970)