Sapa to strengthen North American business - in process to acquire Indalex
Under the agreement, Sapa would acquire Indalex's ten active plants in the US (6) and Canada (4), with 29 presses and a total capacity of about 315,000 tonnes per year. Indalex's sales in 2008 were about 200,000 tonnes which represented sales of just above 900 MUSD. Indalex has about 1,400 employees. The planned purchase represents an underlying enterprise value of approximately 95 MUSD for the business. The transaction would allow Sapa to improve its geographical presence in North America, including an introduction into the Canadian region. Also, Sapa would be better