Acquisition Announcement


Roll Forming Corporation, ("RFC") today announced that it has acquired Sharon Custom Metal Forming ("SCMF"), a recognized leader in the design, engineering, manufacturing and supply of custom roll formed and welded shapes. As a member of the Profilform Division, voestalpine AG, Krems, Austria, RFC is part of the world's largest custom roll form group. This strategic acquisition complements RFC's existing roll forming operations in Shelbyville, Kentucky and Jeffersonville, Indiana.

"We are excited to welcome SCMF, their management and employees to our group of companies", commented RFC's President and Chief Executive Officer, Ray Leathers, "We consider them to be a positive addition to our roll form group. RFC and SCMF have shared management philosophies that focus on employee development and technology advancement. These philosophies will drive our growth and provide our customers with the greatest value."

Robert Wilson, President and Chief Executive Officer of SCMF stated, "We are pleased to be able to sell our company to one that we respect and hold in high regard. Becoming a part of a company that is both a global and technological leader in our industry creates great opportunities for our employees and our customers and will benefit our community for many years to come."

SCMF, located in Farrell, Pennsylvania, was founded in 1997 by Robert Wilson and a group of local investors. Over the last ten years, SCMF has grown to over 50 employees with annual sales of $20 million. RFC, which celebrated its 60th anniversary this past year, employs 260 team members in 5 plants with annual sales in excess of $70 million. Both companies hold roll forming as their core competency and provide metal components to a wide variety of industrial original equipment manufacturers throughout the country and abroad. Ray Leathers also stated that "there are significant synergies shared by the two management teams that will provide the vision and capacity for continued growth. SCMF has been very successful. The acquisition will not result in major changes at RFC or SCMF. The plan is to maximize the synergies gained by the combination of the two companies." SCMF will operate under the nameRoll Forming
Corporation - Sharon.

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