Hydro has signed an agreement with Hammerer Aluminum Industries (HAI) for the sale of Hydro Extrusion SRL, which is based in Chisineu Cris.
The decision to sell Hydro Extrusion SRL is part of a plan to restructure the Extruded Solutions division, aimed at optimizing and streamlining the portfolio. The transaction is due for completion in the fourth quarter of 2019.
Hydro Extrusion SRL, inaugurated in 2004, has some 200 employees and produces nearly 20,000 tons of extruded aluminum profiles per year, mostly for the construction industry.