Closing of the Indalex transaction anticipated for July 31

Yesterday, the bankruptcy courts in both the United States and Canada entered sale orders approving the sale of Indalex assets to Sapa in accordance with the terms of the Asset Purchase Agreement previously entered into between the companies. Indalex and Sapa continue to work to resolve certain conditions to closing and remaining mechanics of the sale and anticipate a closing of the transaction to occur on July 31, 2009.