JW Aluminum Acquired

Company is a manufacturer of aluminum products.

Published September 29, 2005

Canadian-based Superior Plus Income Fund announced that Superior Plus Inc., through its wholly-owned US subsidiary, has entered into an agreement to purchase all of the issued and outstanding shares of JW Aluminum Holding Company $350 million. JWA is a manufacturer of specialty, flat-rolled aluminum products, primarily serving the heating, ventilation and air conditioning , building and construction, and flexible packaging end-use markets in the United States. Closing is anticipated to be completed by this October.

 

Geoff Mackey, President and CEO of Superior Plus, stated, "JWA meets all of the Fund's acquisition criteria and we are excited to have another strong platform and strong management team to create long-term value and growth. JWA generates stable cash flow, supported by its strong competitive position in its specialty markets and its "margin-over-metal" pricing which eliminates direct primary aluminum commodity price exposure.

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