Hydro has signed an agreement to acquire Hueck, a provider of aluminium window, door, and façade systems and extruded aluminium profiles. Hueck has 500 employees, two extrusion presses and an integrated cast house operation. The transaction will have an enterprise value of EUR 60.3 million, with adjustments for net debt and normalized working capital as of closing. Hueck is a family owned building systems and extrusions business with 500 employees, located in Lüdenscheid, Germany. Hueck Systems is a globally active, competent manufacturer and provider of aluminium profile systems for windows, doors and façade applications. Hueck Extrusion is an aluminium extrusion company, supplying extruded profiles for many industries. Hueck had revenue of EUR 172 million and a reported EBITDA of EUR 12.8 million in 2021. Its building systems business complements Hydro building systems’ brand WICONA, which is present across most European markets. The 12 and 8 inch extrusion presses are strong additions to Hydro’s extrusion portfolio in Europe and the cast house operation has an annual capacity of 50,000 tonnes. The acquisition will strengthen Hydro’s presence in Germany and other European markets and create a solid platform for further growth of the Completion of the transaction is subject to approval from competition authorities in Germany and Austria and is expected by end of first quarter of 2023.
Hydro has signed an agreement to acquire Hueck, a provider of aluminium window, door, and façade systems and extruded aluminium profiles. Hueck has 500 employees, two extrusion presses and an integrated cast house operation. The transaction will have an enterprise value of EUR 60.3 million, with adjustments for net debt and normalized working capital as of closing. Hueck is a family owned building systems and extrusions business with 500 employees, located in Lüdenscheid, Germany. Hueck Systems is a globally active, competent manufacturer and provider of aluminium profile systems for windows, doors and façade applications. Hueck Extrusion is an aluminium extrusion company, supplying extruded profiles for many industries. Hueck had revenue of EUR 172 million and a reported EBITDA of EUR 12.8 million in 2021. Its building systems business complements Hydro building systems’ brand WICONA, which is present across most European markets. The 12 and 8 inch extrusion presses are strong additions to Hydro’s extrusion portfolio in Europe and the cast house operation has an annual capacity of 50,000 tonnes. The acquisition will strengthen Hydro’s presence in Germany and other European markets and create a solid platform for further growth of the Completion of the transaction is subject to approval from competition authorities in Germany and Austria and is expected by end of first quarter of 2023.
