Spell Capital Partners' PW Poly Corporation Acquires Uponor Aldyl Company from Uponor Corporation

New York, N. Y. - Valufinder Group, Inc. is pleased to announce that its client, Spell Capital Partners of Minneapolis, MN, through PW Poly Corporation of Hastings, NE, a subsidiary of PW Eagle, has acquired Uponor Aldyl Company (UAC), a divestiture from Uponor Corporation of Finland.

PW Eagle is a manufacturer of PVC pipe products and is the second largest PVC pipe maker in the US. PW Eagle manufactures pipe and tubing through a plastic extrusion process and PW Poly is an extruder of small diameter polyethylene (PE) pipe. PW Eagle's common stock is traded on the NASDAQ National Market under the symbol "PWEI." PW Eagle/PW Poly operates eleven manufacturing plants across the US with annual revenues of approximately $330 million.

In early 2002, Valufinder Group began discussions with UAC and learned that its parent, Uponor Corporation, wanted to exit from the PE municipal pipe business in the US by divesting Uponor Aldyl. Valufinder introduced a select group of clients to Uponor Corporation in 2002 and 2003 and, then in early 2003, Spell Capital Partners announced that PW Eagle had acquired Uponor ETI, Uponor's municipal PVC pipe division in the US. Valufinder verified with Spell Capital and UAC that no discussions were taking place between them regarding a possible transaction. Valufinder made the introduction which led to negotiations between the parties, and ultimately to a successful transaction.

Valufinder is an investment banking firm specializing in middle market mergers and acquisitions since 1979. Valufinder finds unique acquisition opportunities for financial and strategic buyers outside of the usual auction environment. Valufinder, or its professionals, have participated in more than 150 transactions totaling over $7.5 billion in enterprise value.

For more information contact Brian Levine, Senior Vice President, at 212-243-1133 or via email at blevine@valufindergroup.com.

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