American Aluminium Extrusion has acquired all stocks owned by businessman Diane Hendricks after 22 years of joint ownership held by Sam Popa and the former. Located in Roscoe, Illinois, American Aluminium Extrusion provides the local semitrailer manufacturing industry with aluminium profiles. The age-long collaboration between Sam Popa, owner of American Aluminium Extrusion and Beloit business giant Diane Hendricks ended after the total buy-out was conducted on January 16.
The 22 years of joint ownership by Popa's share of American Aluminum Extrusion and Hendricks's group of business holdings will now be listed under Popa Holdings, as was confirmed by Popa. The acquisition also includes the company's manufacturing units in Roscoe and Canton, Ohio.
American Aluminium Extrusion successfully bought out all the available stocks in the company owned by Hendricks, and Popa declared that the operations would continue under the previously set five-year growth plan.