D.A. Davidson & Co. ("D.A. Davidson") announced today that it served as exclusive sell-side financial advisor to Skana Aluminum Company ("Skana" or the "Company"), a vertically integrated direct-cast aluminum rolling mill, on its sale to Packaging Matters, LLC ("Packaging Matters"), a leading manufacturer of sustainable food packaging.

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D.A. Davidson acted as exclusive financial advisor to Skana Aluminum Company on its sale to Packaging Matters, LLC.

Headquartered in Manitowoc, Wisconsin with additional operations in Clarksburg, West Virginia, Skana produces specialty-rolled aluminum products for electrical transformers, consumer durables, and industrial end markets. The Company has a strong reputation for high-quality, precision-rolled products, supported by integrated casting, rolling, and precision slitting capabilities.

“On behalf of the Skana shareholders, we are very proud of the growth of the business during our ownership and extremely pleased to culminate this chapter with a successful sale to Packaging Matters,” said Tom Testwuide Sr., former CEO and Chairman of the Board of Skana. “We are very grateful for our management team and for our partnership with D.A. Davidson to drive this process to a very satisfactory outcome.”

“It is extremely gratifying to assist Skana’s shareholders realize a well deserved return on their decision to launch Skana Aluminum in 2010,” said Paul Colone, Managing Director, Specialty Materials, Metals & Minerals, D.A. Davidson. “We were constantly impressed by Skana’s team and extensive production capabilities and we wish Packaging Matters continued success with their investment in the business.”

The transaction underscores the continued momentum of D.A. Davidson's Diversified Industrials Investment Banking Group and its expertise advising clients across the Specialty Materials, Metals & Minerals sector.

D.A. Davidson’s Investment Banking Division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions and technology.

About D.A. Davidson

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 32 states.

Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, offering asset management and trust services.

For more information, visit dadavidson.com.

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