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WELLSPRING CAPITAL MANAGEMENT AGREES TO PURCHASE JW ALUMINUM COMPANY
11-08-2006
(Mt. Holly, SC) November 8, 2006 — Wellspring Capital Management LLC announced today that it has entered into a definitive agreement with Superior Plus Income Fund to purchase JW Aluminum Company (“JWA”) for $310 million. Superior Plus announced its intention to sell JWA in July of 2006 as part of its strategic plan to reduce debt levels and focus on its Canadian based businesses.
JW Aluminum is a leading manufacturer of specialty flat-rolled aluminum products, primarily serving the heating, ventilation, and air conditioning; building and construction; light gauge converter foil; and flexible packaging end-use markets in the United States. Over its 26 years of operation, JWA has grown from a startup capacity of 40 million pounds to over 372 million pounds today. JWA’s President and CEO, Don Kassing, said, “We are very pleased with the opportunity to once again work with Wellspring Capital to build JW Aluminum into an even stronger company. One of our first orders of business will be to resume our aggressive pursuit of growth opportunities and continue to expand our presence in the specialty flat-rolled aluminum sheet and foil industry.”
According to William F. Dawson Jr., a Wellspring Capital partner, “We look forward to adding JW Aluminum once again to our portfolio of companies. Obviously, with our history together, Wellspring is keenly aware of JW Aluminum’s strong performance and the capability of the JWA team to grow and build an even stronger company in the future.”
JW Aluminum employs 772 associates at its three facilities in Russellville, AR; St. Louis, MO; and Mt. Holly, SC, and is headquartered in Mt. Holly, SC.
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For information about JW Aluminum, visit
www.jwaluminum.com or contact:nospam_sammypeek@jwaluminum.com_nospam_ofe
Sanford E. Peek, Jr.
Director of Marketing
Phone: (843) 764-8272
Fax: (843) 820-2571
Toll free: (800) 568-1100 (ext. 8272)
E-mail:
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JW Aluminum Company Announces Executive Changes
12-03-2009
Mount Holly, SC (December 3, 2009)—JW Aluminum Company, a leading manufacturer of flat-rolled aluminum products, today announced the retirement of Don Kassing, President and Chief Executive Officer. Mr. Kassing has served as President and CEO since 2003 and has led the transformational growth of the Company over the last six years.
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