Wellspring completes $310M JW acquisition
Dec 08, 2006 | 08:26 AM
| Matthew Lerner
Wellspring Capital Management LLC, New York, has completed its $310-million acquisition of JW Aluminum Co., Mount Holly, S.C., from Superior Plus Inc., which had purchased JW from Wellspring for $350 million in September 2005.
The companies announced last month the agreement to move JW back to Wellspring, which originally bought the aluminum company for $125 million in 2003.
JW has more than 372 million pounds of flat-rolled production capacity serving such markets as heating, ventilation and air conditioning; building and construction; light-gauge converter foil; and flexible packaging. The company employs 772 people at three facilities in Russellville, Ark., St. Louis and Mount Holly.....
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