Wellspring completes acquisition of JW Aluminum

Dec 08, 2006 | 06:05 AM | Matthew Lerner

Wellspring Capital Management LLC, New York, has completed its $310-million purchase of JW Aluminum Co., Mount Holly, S.C., from Superior Plus Inc., which bought JW from Wellspring for $350 million in September 2005.

The companies announced last month the agreement to move JW back to Wellspring (AMM, Nov. 10), which originally bought the aluminum company for $125 million in 2003. JW has more than 372 million pounds of flat-rolled production capacity primarily serving markets including heating, ventilation and air conditioning; building....

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