Hydro acquires German extrusions firm

Norway-based Norsk Hydro ASA has agreed to acquire Germany-based Hueck, a maker of recycled-content aluminum window, door and façade systems and extruded aluminum profiles.

Hueck, which has 500 employees, two extrusion presses and an integrated cast house operation, says its aluminum products are made with 80 percent scrap content and 20 percent primary material.

“Hueck is well positioned in Germany to serve the European building systems and extrusions market, and will fit well into Hydro Extrusions,” says Paul Warton, executive vice president of the Hydro Extrusions business unit of Hydro. “The acquisition will strengthen our ability to provide a quality service offering to European customers with an even broader product range.”

Hydro describes Hueck as having revenue of 172 million euros ($180.7 million) and earnings before interest, taxes, depreciation and amortization (EBITDA) of 12.8 million euros ($13.45 million) in 2021. Its cast house operation has an annual capacity of 50,000 metric tons.

“Hydro Extrusions’ focus is on sustainability, local supply and a high service level,” Warton says. “The acquisition will complement this along with having the best people, and a focus on their safety and the quality of the products they deliver. Together, we believe we can be the partner our customers need to reach their goals.”

Hydro describes Germany as the largest segment of the European market for building systems and aluminum extrusions. With the acquisition, Hydro will have five extrusion facilities, three recycling facilities and a total of 2,000 employees in Germany.

Completion of the transaction, which is valued by Hydro at 60.3 million euros ($63.36 million), plus or minus net debt or working capital adjustments, is subject to approval from regulatory agencies in Germany and Austria and is expected by the end of the first quarter of 2023.

Hydro Extrusions has about 100 production sites in 40 countries, including in the United States, and employs about 21,000 people.