Goldsmith Agio Helms Announces the Sale of Owens Corning's Metal Systems Business.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--May 23, 2003 Goldsmith Agio AGIO, aggio. This term is used to denote the difference of price between the value of bank notes and nominal money, and the coin of the country. Encyc. Helms is pleased to announce the sale of the assets of Owens Corning Owens Corning Corporation is the world's largest manufacturer of fiberglass and related products. It was formed in 1935 as a partnership between two major American glassworks, Corning Glass Works and Owens-Illinois. The company was spun off as a separate entity November 1, 1938. Metal Systems ("OCMS OCMS Old Crow Medicine Show (band) OCMS Oracle Communication and Mobility Server OCMS Offshore Chemical Management System OCMS Oracle Cluster Management Services "), a division of Exterior Systems, Inc., an Owens Corning subsidiary. The assets of OCMS were sold to ALSCO Metals Corporation, a portfolio company of Sun Capital Partners in a 363 court-approved sale. Terms of the transaction were not disclosed. Owens Corning decided to sell its metals business after a review showed that manufacturing a line of residential aluminum building products was not consistent with the Company's long-term strategy. David Santoni (dsantoni@agio.com), the Goldsmith Agio Helms managing director handling the sale, observes, "The sale process involved a private auction to select a stalking-horse bidder, followed by the traditional bankruptcy auction. While there was strong interest in the Owens Corning assets, we were able to significantly improve the results for Owens Corning in the process." Jeff Osborn, Director, Corporate Development of Owens Corning adds, "Goldsmith Agio Helms was a pleasure to work with and their building products expertise added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
Goldsmith Agio Helms provides sell-side M&A advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , private placements of debt and equity, distressed company advisory and restructuring services, special purpose valuations, and fairness opinions through its offices in Minneapolis, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago, Los Angeles, and Naples, Florida. For more information on this transaction, visit our website www.agio.com or contact David M. Santoni at 612-339-0500 or dsantoni@agio.com. |
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