ALUMAX EXTRUSIONS, INC. COMPLETES SALE OF FRANKLIN, N.H. FACILITY.CRESSONA, Pa.--(BUSINESS WIRE)--Sept. 17, 1996--Alumax Extrusions, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Alumax Inc. (NYSE NYSE See: New York Stock Exchange :AMX AMX American Motors Experimental AMX Aeromexico Aerovias de Mexico (ICAO code) AMX Air Mobility Express AMX Amberjacks (FAO fish species code) AMX Alabama Motor eXpress ; Toronto:AXI), today announced that it has completed the sale of the company's Franklin, New Hampshire Franklin is a city in Merrimack County, New Hampshire, United States. As of the 2000 census, the population was 8,405, the lowest of any of New Hampshire's 13 cities. Franklin includes the village of West Franklin. facility, including one of the two presses at the facility, to Aavid Engineering, Inc., a wholly owned subsidiary of Aavid Thermal Technologies, Inc. Alumax Extrusions will relocate the second press to one of its other manufacturing facilities. Terms of the sale, which was first disclosed on July 10, 1996, were not made public. Aavid Thermal Technologies, Inc., headquartered in Laconia, New Hampshire Laconia is a city in Belknap County, New Hampshire, United States. The population was 16,411 at the 2000 census. It is the county seat of Belknap County.GR6 Laconia, situated near Lake Winnipesaukee, includes the villages of Lakeport and Weirs Beach. , is a leading provider of thermal management products that dissipate unwanted heat in electronic and electrical components and systems. Alumax Extrusions, Inc., headquartered in Cressona, Pennsylvania, is a world leader in the manufacture of soft-alloy aluminum extrusions for the transportation, building and construction, machinery, electrical and consumer durables markets. Through its Cressona Aluminum business unit, Alumax Extrusions is a leading supplier to the service center industry. Alumax Inc. is a world leader in aluminum with year-end 1995 assets of more than $3.1 billion and 1995 revenues of more than $2.9 billion. Alumax produces and markets primary aluminum ingot ingot Mass of metal cast into a size and shape such as a bar, plate, or sheet convenient to store, transport, and work into a semifinished or finished product. The term also refers to a mold in which metal is so cast. , billet and slab and is a major fabricator of value-added aluminum products for the building and construction, transportation, packaging and consumer durables industries. CONTACT: Alumax Thomas R. Hagley (Media) 770/246-6642 Fax: 770/246-6691 or R. Daniel Loh (Investors) 770/246-6752 Fax: 770/246-6691 |
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