FOOTHILL RANCH, Calif., August 9, 2010 – Kaiser Aluminum Corporation (NASDAQ:KALU) today announced it has completed the acquisition of the Nichols Wire facility in Florence, Alabama which manufactures bare mechanical alloy wire products, nails and aluminum rod for aerospace, general engineering, and automotive applications. The facility, which employs approximately 100 personnel, will be integrated into Kaiser Aluminum’s Fabricated Products business segment. The business typically generates annual value added revenue, which represents net sales less the hedged cost of alloyed metal, of approximately $15 million at profitability levels comparable to the existing Fabricated Products portfolio.
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Markets are serviced through direct sales to OEM’s and indirect sales through processors and distributors. End use markets include transportation, aerospace, consumer durables, marine, building / construction and electrical.
Nichols Wire's broad product range and services are available for export through Ferrex International. - www.ferrex.com