DJ Norsk Hydro Makes Small French Acquisition

Jul 15, 2009 (Dow Jones Commodities News via Comtex) -- NHYDY | Quote | Chart | News | PowerRating -- e>DOW JONES NEWSWIRES Norsk Hydro said Wednesday it has acquired the business of French company Solarys Systeme. MAIN FACTS: -Hydro has acquired the people, products and portfolio of the Toulouse-based company, which delivers extruded aluminium shading devices. -This includes the technology and patents that had been owned by Solarys, and increases Hydro's catalog of energy-saving aluminium building systems. -"Solarys is a small company, with five employees, but its technical know-how fits into and complements our existing activities. This makes sense, strategically", says Lars H. Ringvold, who is responsible for Hydro's aluminium building systems operations. -Manufacturing will take place in Toulouse, in a workshop specially designed for the "brise soleil" range of products.