| FOR IMMEDIATE RELEASE | 10/24/2002 |
| DKW Capital Markets Facilitates Sale of Four Divisions of Metals USA | |
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PITTSBURGH ? October 24, 2002 ? DKW Capital Markets, LLC, played an integral role in Metals USA's divestiture of four non-core business units by facilitating the sale of Metals USA's Milwaukee Plates and Shapes facility, Milwaukee Contract Manufacturing facility, Pacific Metals facilities and Southwest Group, which sold during the past month for a combined total of $73,300,000. Proceeds generated by asset sales will allow Metals USA to emerge from bankruptcy. With a customer base of more than 65,000, Metals USA provides a wide range of products and services in the carbon plates and shapes, flat-rolled products, and building products markets. Leo A. Keevican, Jr., Managing Director of DKW Capital Markets, LLC, explained, "with its history in the metals industry and the financial consulting background of its professionals, DKW Capital Markets was the logical choice for marketing these businesses and identifying suitable buyers." DKW Capital Markets is a creative and entrepreneurial investment banking firm, with a primary industry focus in the metals and metals-related industries. It assists these middle-market companies with accessing capital, merger and acquisition representation, and by providing financial advisory services. The DKW Capital Markets team of professionals has over 75 years of combined professional financial services experience and offices in Cleveland, Detroit and Pittsburgh. It is an affiliate of DKW Law Group, PC, (www.dkwlaw.com) a regional law firm that focuses on providing legal and business services to the middle-market. |
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