How is ALSCO
different from other companies that do the same kind of work?
Contributing to the earnings increase were the acquisitions of ALSCO
, certain assets of Ormet and the Corus Aluminum acquisition as well as improving material margins due to the favorable FIFO impact of the rising LME and improving scrap spreads.
535 per pound as ALSCO
products have higher material margins than the underlying rolled products business.
Increased income was driven primarily by the 2005 acquisitions of ALSCO
and certain assets of Ormet, favorable scrap spreads, improved productivity and the favorable FIFO impact of the rising LME, which more than offset expected declines in rolling margins and volume as well as inflation in freight, energy and other conversion costs.
Reduced income was driven primarily by lower volume, partially offset by favorable scrap spreads, the favorable FIFO impact of the rising LME, improved productivity, and the acquisition of ALSCO
and certain assets of Ormet.
During the fourth quarter, we completed the acquisition of ALSCO
and announced the closing of our Carson rolling mill, which will further reduce our costs and allow us to produce more cost- effectively at our other facilities.
Associated with the ALSCO
acquisition, we announced the closing of our Carson rolling mill, which will further reduce our costs and allow us to produce more cost effectively at our other facilities.
In addition, this decision will allow us to capture a substantial portion of the $12 million of synergies on an annualized basis, announced with the ALSCO
acquisition," stated Wasz.
Metals Corporation is the largest supplier of residential aluminum products in North America.
announced today the completion of the purchase of ALSCO
announced today that it has entered into a definitive agreement to purchase 100% of the issued and outstanding stock of ALSCO
Going forward, Owens Corning Metal Systems will operate under the name ALSCO
Metals Corporation, reintroducing the ALSCO
brand that has historically been known for its quality aluminum residential building products.