Hydro acquires Expral s.a.'s €34 mln operation in Spain

23-Apr-08

Hydro, leader in the European extrusion industry, has acquired Expral s.a., a privately owned operation located near Madrid, Spain. Hydro has acquired Expral for approximately €31 mln in terms of the company's enterprise value. The takeover provides Hydro with a strong market presence in Spain's two main business regions: Barcelona and Madrid. Expral and the La Roca-based plants have a combined annual volume of around 30,000 tons, and will serve customers as sister plants in a single organization. The La Roca plant is located on the outskirts of Barcelona while Expral is in Pinto, some 30 kilometers south of Madrid. The plant has two extrusion presses, annual turnover of about €34 mln, and been in existence since 1987. Expral has a good reputation in the market caters to a broad spectrum of customers, particularly in industrial applications as well as in the building industry. Hydro is the largest integrated aluminium company in Europe, and has been a leader in the extrusion industry on the continent for more than 20 years. In 2007, the company delivered 508,000 metric tons of extruded products from its global network of extrusion plants.