Sapa AB signs letter of intent to acquire Chinese extrusion company
Sapa AB is owned approximately 54 % by Orkla ASA and is a part of Orkla Aluminium Solutions. Sapa AB has today on 5 February 2008 signed a Letter of intent to acquire the Chinese extrusion company Kam Kiu. Kam Kiu is one of Chinas largest extruders with more than 30 extrusion presses and value added activities in anodizing, painting and fabrication. Kam Kiu has a turn over of approx. SEK 1,375 million and has 2,100 employees. The company, which is located in Taishan in the Guandong province, has a strong export position with a growing focus on the Chinese market. "In 2007