Contact: Sammy Peek, Director of Marketing
Phone: 843-764-8272
FOR IMMEDIATE RELEASE
JW ALUMINUM TO ACQUIRE COASTAL
ALUMINUM
Mt. Holly, S.C., May 24, 2007: JW Aluminum Company announced today
it has entered into a definitive agreement to purchase Coastal Aluminum
Rolling Mills Inc. Coastal Aluminum operates a rolling mill facility in
Williamsport, PA, and is well known for producing high quality products. The
terms of the sale were not disclosed.
“We are excited to announce our second acquisition in just
five weeks, and we could not have picked a better company to be our partner,”
said Don Kassing, President and CEO of JW Aluminum. “Coastal has an excellent
reputation and the team in Williamsport is second to none. We believe this
acquisition will create tremendous synergies in both the technology and new
product areas.”
Craig Eddy, CEO of Coastal Aluminum, added “JW Aluminum has
had a remarkable history of growth and is respected in the industry for
innovation and the excellent treatment of its employees. I am excited to join
such a great organization, and I know it will bring further growth and
stability to the Williamsport facility.”
Sammy Peek, Director of Marketing for JW Aluminum, said,
“Coastal will bring new products to our portfolio, and will allow JW Aluminum
to enter the Aerospace and other high strength aluminum markets. In addition,
by combining Coastal’s coating capabilities with JW Aluminum’s capabilities,
we believe we will be the top provider of value-added coating and painting
services in the industry.”
Coastal Aluminum Rolling Mills Inc. is a worldwide supplier
of quality aluminum products and offers a diversified product line. Coastal
is the world's largest producer of light gauge 3000 and 5000 series alloys
used for honeycomb by the aerospace industry, and its division Chromagraphic
Processing Company is widely recognized as a leading supplier of coated
aluminum coil for window blind fabricators and distributors in the U.S. and
around the world.
JW Aluminum manufactures specialty flat-rolled aluminum
products including “fin stock” used by the heating and cooling industry,
light gauge converter foil for the flexible packaging industry, and heavier
gauge bare and painted sheet for the building and construction markets, as
well as other foil and sheet products. For more information about JW
Aluminum, visit the company’s Web site at
www.jwaluminum.com.
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