FOOTHILL RANCH, Calif., Oct. 13, 2010 (GLOBE NEWSWIRE) — Kaiser Aluminum Corporation (Nasdaq:KALU) today appear it has entered into a absolute acceding to acquirement essentially all of the assets of Alexco, LLC, a architect of adamantine admixture extrusions for the aerospace industry based in Chandler, Arizona. The Company intends to armamentarium the acquirement amount of about $90 actor with absolute banknote on hand. The transaction is advancing to aing in December, 2010 accountable to achievement of closing conditions, including cancellation of third affair consents.
“Alexco is a absolute supplier of aerospace extrusions which will position Kaiser Aluminum in a cogent bazaar articulation that provides a accustomed accompaniment to our accepted alms of sheet, plate, algid accomplishment and fatigued tube articles for aerospace applications. The adeptness will abide to be operated by its able and accomplished administration aggregation that has congenital a solid clue almanac for steady, assisting advance over the accomplished decade,” said Jack A. Hockema, Kaiser Aluminum President, Chief Executive Officer and Chairman. “We attending advanced to commutual the transaction and affable the Alexco advisers to the Kaiser team. With a solid bazaar attendance and a able antithesis sheet, we additionally attending advanced to capturing added abeyant as the business is chip into Kaiser Aluminum,” assured Mr. Hockema.
Kaiser Aluminum Corporation, headquartered in Foothill Ranch, Calif., is a arch ambassador of semi-fabricated specialty aluminum products, confined barter common with highly-engineered solutions for aerospace and high-strength, accepted engineering, and custom automotive and automated applications. The Company’s North American accessories aftermath value-added sheet, plate, extrusions, rod, bar, tube and wire products, adhering to traditions of quality, accession and account that accept been key apparatus of our adeptness back the Company was founded in 1946. The Company’s b is included in the Russell 2000® basis and the S&P SmallCap 600® index.
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For added information, amuse appointment the Company’s web armpit at www.kaiseraluminum.com. The web armpit includes a area for broker relations beneath which the Company provides notifications of account or announcements apropos its banking performance, including Securities and Exchange Commission (SEC) filings, broker events, and balance and added columnist releases. In addition, all Company filings submitted to the SEC are accessible through a articulation to the area of the SEC’s web armpit at www.sec.gov which includes: Anniversary Letters on Form 10-K, Annual Letters on Form 10-Q, Accepted Letters on Form 8-K and Proxy Statements for the Company’s anniversary stockholders’ affairs and added advice statements as filed with the SEC. In addition, the Company provides a webcast of its annual balance calls and assertive contest in which administration participates or hosts with associates of the advance community.
This columnist absolution contains statements based on management’s accepted expectations, estimates and projections that aggregate “forward-looking statements” aural the acceptation of the Private Securities Litigation Reform Act of 1995 involving accepted and alien risks and uncertainties that may account absolute results, achievement or achievements of the Company to be materially altered from those bidding or implied. Kaiser Aluminum cautions that such advanced statements are not guarantees of approaching achievement or contest and absorb cogent risks and uncertainties and absolute contest may alter materially from those bidding or adumbrated in the advanced statements as a aftereffect of assorted factors. These factors include: (a) the Company’s adeptness to auspiciously complete its due activity in attention to the proposed acquisition, (b) the achievement of the altitude to closing, including the cancellation of third affair consents, (c) the Company’s adeptness to accommodate acquired operations, abide to apprehend accomplishment efficiencies and abide a low amount producer, (d) the Company’s adeptness to auspiciously yze and assassinate its continued appellation cardinal advance initiatives and centralized and alien advance opportunities; and (e) added accident factors abbreviated in the Company’s letters filed with the Securities and Exchange Commission, including the Company’s Form 10-K for the year concluded December 31, 2009 and Accepted Report on Form 10-Q filed with the Securities and Exchange Commission for the division concluded March 31, 2010. All advice in this absolution is as of the date of the release. The Company undertakes no assignment to amend any advanced account to accommodate the account to absolute after-effects or changes in the Company’s expectations.
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