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Expansion of the global platform for extruded aluminum profiles

Completed the acquisition of Profile CUSTOM EXTRUSIONS, LLC

New York, July 14, 2021/PRNewswire/- KPS Capital Partners, LP ("KPS") today announced that it has completed the acquisition of Metra Holding SpA. And Metra SpA (collectively "Metra"), a global extruded aluminum manufacturer. KPS also completed the acquisition of Profile Custom Extrusions, LLC ("Profile"), an American extruded aluminum profile manufacturer from Highlander Partners. LP Metra and Profile will merge to form a leading global extruded aluminum profile platform, with a strong global influence Power Europe and North America.

Metra is a global vertically integrated manufacturer of extruded aluminum profiles and related value-added services, including painting, oxidation, machining, welding and assembly. Metra provides a full range of extruded aluminum profiles, which are mainly used in the industrial and construction end markets in Europe and North America. Metra has approximately 850 employees in five factories in Italy and Canada.

Profile is an American manufacturer that provides customized extruded aluminum profiles and related value-added services, including painting, anodizing, thermal fracture and precision cutting. Profile provides a variety of custom extruded aluminum profiles for various end markets, including residential and commercial buildings, HVAC, hurricane protection, transportation, electrical and marine. Profile employs approximately 170 people in its only factory in Rome, Georgia.

Pierre de Villeméjane, a partner of KPS Mid-Cap Investments ("KPS Mid-Cap"), said: "By combining Metra and Profile, we will create a strong global extruded aluminum platform that will provide a high level of reliability, superior quality, and customer needs. Enjoy an unparalleled reputation. Service. The strategy and industry logic of merging Metra and Profile is very compelling, because the transaction allows Metra to continue to expand its influence in new end markets and provide a foothold for future acquisition opportunities in North America. We I look forward to continuing to develop the combined business quickly, organically and through a global acquisition strategy." 

Enrico Zampedri, CEO of Metra, said: "The acquisition of Profile is an important step in Metra's continued geographic expansion and diversification. We are deeply impressed by the manufacturing capabilities of Profile and the robustness of its relationships with customers. In addition, the acquisition of Profile Will significantly enhance the influence of the combined business in North America, and will provide an opportunity to share best practices between the two businesses, thereby bringing better quality and service to our customer base. We are very happy to work with the Profile team The cooperation continues to build a first-class global extruded aluminum manufacturer."

Profile President David Newby said: "The real winners of this merger are Profile and Metra customers. Our customers can now take advantage of the advantages of both companies because we combine the best manufacturing processes, products and services into a global manufacturing footprint. . When we begin this exciting new phase in Profile, we will continue to be committed to providing the world-class quality, delivery and customer service that Profile is known throughout the industry. The entire Profile management team is happy to operate under KPS and Metra’s Ownership in order to continue to develop on the basis of our long and successful history."

The financial terms of the transaction were not disclosed. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel for KPS's acquisition of Profile. Fidus Partners, LLC acted as financial advisor for Highlander Partners, LP's sale of Profile, and Foley & Lardner LLP acted as legal advisor.

About Metra Metra is a global vertically integrated manufacturer of extruded aluminum profiles and related value-added services, including painting, oxidation, machining, welding and assembly. Metra provides a full range of extruded aluminum profiles, which are mainly used in the industrial and construction end markets in Europe and North America. Metra is headquartered in Rodengo Saiano, Italy, and has five strategic manufacturing plants in Italy and Canada. For more information, please visit www.metra.eu/en/.

About Profile Custom Extrusions, LLC Profile is an American manufacturer that provides custom extruded aluminum profiles and related value-added services, including painting, anodizing, thermal fracture and precision cutting. Profile provides a variety of custom extruded aluminum profiles for various end markets, including residential and commercial buildings, HVAC, hurricane protection, transportation, electrical and marine. Profile operates a strategically located manufacturing facility in Rome, Georgia. For more information, please visit www.pcextrusions.com.

About KPS Capital Partners KPS manages KPS Special Situations Funds through its affiliated management entity, a family of investment funds that manages approximately US$12.8 billion in assets (as of March 31, 2021). For nearly thirty years, KPS partners have been committed to basic materials, branded consumer products, healthcare and luxury goods, auto parts, capital equipment and general manufacturing. KPS makes the business better through constructive cooperation with excellent management teams, creates value for investors, and structurally improves the strategic position, competitiveness and profitability of its portfolio companies, rather than relying mainly on financial leverage To generate a return on investment. KPS Funds' portfolio companies have total annual revenues of approximately US$13.5 billion, have 156 manufacturing plants in 23 countries/regions, and have approximately 40,000 employees worldwide, directly or through joint ventures. KPS investment strategies and portfolio companies are described in detail on www.kpsfund.com.

KPS Mid-Cap focuses on low-end investments in the mid-market that require up to US$100 million in initial equity. KPS Mid-Cap's goal is the same type of investment opportunity and adopts the same investment strategy adopted by the KPS flagship fund for the past three years. KPS Mid-Cap utilizes and benefits from KPS's global platform, reputation, track record, infrastructure, best practices, knowledge and experience. The KPS Mid-Cap investment team is managed by partners Pierre de Villeméjane and Ryan Harrison, who lead a team of experienced and talented professionals.

SOURCE KPS Capital Partners, LP

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