Contact: Sammy Peek, Director of Marketing

Phone: 843-764-8272

FOR IMMEDIATE RELEASE

JW ALUMINUM PARENT, WELLSPRING CAPITAL MANAGEMENT, RECEIVES DEAL OF THE YEAR AWARD FOR ITS ACQUISITION OF JW ALUMINUM

Mt. Holly, S.C., April 19, 2007: Wellspring Capital Management, parent of JW Aluminum Company, received Buyouts Magazine’s Mid Market Deal of the Year Award at the magazine’s annual dinner in New York on Tuesday. The award was presented to Bill Dawson, Partner at Wellspring, in consideration for its acquisition of JW Aluminum Company in December 2006. Wellspring actually repurchased JW Aluminum from a Canadian Income Fund, after having sold the company only 15 months earlier.

Under Wellspring’s previous ownership, JW Aluminum doubled its EBITDA and purchased two additional plants from Alcoa. Under Wellspring’s current ownership, the company has already announced its next acquisition – the Rollex Aluminum facility in Jackson, Tenn. Dawson said, “Wellspring Capital is poised to grow the company into one of the top flat-rolled aluminum producers in North America.”

Competition for the award included private equity deals from such companies as Berkshire Partners, The Carlyle Group, and Texas Pacific Group.
# # #
 

# # #