Sapa acquires aluminum casting plant in USA
Sapa, the world leader in aluminum solutions, announced today it has completed an asset purchase agreement with Northwest Aluminum Specialties, Inc. to acquire its casting plant in The Dalles, Oregon.
This facility brings Sapa's North American casthouse network to a total of nine locations and provides additional strength to Sapa Extrusion's West region, including the Portland manufacturing plant.
Under the terms of the agreement, Sapa has purchased the physical assets of the Northwest Aluminum Specialties casting facility including: plant, property, equipment, and inventory. The company looks to retain the majority of the more than 50 employees employed at the plant.
"This asset acquisition provides us with vertical integration for our extrusion pressesand expands our casting business, allowing us to better manage our internal metal supply chain while also growing our high quality aluminum log sales to the market," says Michael Stier, Vice President and General Manager of the West region at Sapa. "We look forward to welcoming The Dalles cast house to the Sapa family and continuing to strategically grow our business."