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Orkla and Hydro announce joint venture

January 2013 - Oslo, Norway-based companies, Orkla ASA and Norsk Hydro ASA, plan to combine their respective profiles, building systems and tubing businesses into a new company named Sapa. The new aluminum solutions provider will be a joint venture owned by Orkla and Hydro. The companies hope Sapa will be better positioned for restructuring and value creation, with a broader competence base and an experienced management team.

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