Private Equity Affiliate Signs Agreement to Purchase Arch Assets for $53.8 Million
January 15, 2010

The United States Bankruptcy Court for the Southern District of Florida released today an Asset Purchase Agreement among AAG Holdings Inc., Arch Aluminum & Glass Co. Inc., Arch Aluminum L.C., AWP LLC and Arch Aluminum And Glass International Inc. as “sellers,” and Arch Aluminum & Glass Enterprises Inc. in Boca Raton, Fla., as “purchaser.”

Signing the contract as purchaser was Aaron P. Wolfe, listed as vice president of Arch Aluminum & Glass Enterprises Inc., a Delaware Corp. Wolfe is listed as a principal of Sun Capital Partners on that firm’s website; Sun Capital describes itself as a “leading private investment firm focused on leveraged buyouts, equity, debt and other investments in market-leading companies that can benefit from its in-house operating professionals and experience.”

The agreement cited a price tag for the purchased assets of $53,820,582.23. Earlier court documents indicated that the asset sale was expected to “generate nearly $62.0 million of value.”

The agreement is dependent upon a transaction approval order from the court by January 22, and a closing date set prior to January 29.

Stay tuned to™ for updates as they become available.

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