Kaiser Aluminum Complete Acquisition of Nichols Wire Facility

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.

"The Nichols Wire business is an excellent strategic fit for Kaiser Aluminum, expanding our offering of small diameter rod, bar and wire products to our core markets and end-use applications," said Jack A. Hockema, President, Chief Executive Officer and Chairman. "The Florence facility, a long-term customer to our Newark, Ohio facility and supplier to our Jackson, Tennessee facility, provides a natural complement to our existing operations.

We are pleased to welcome the Nichols' employees as new members of the Kaiser team and look forward to increased potential as the business is integrated into Kaiser Aluminum," concluded Mr. Hockema.

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