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Dofasco completes Copperweld segment acquisition

Dofasco Inc., Hamilton, Ont., announced today that it has successfully completed the acquisition of certain assets of Copperweld Holding Company of Pittsburgh, Pa., through a transaction with Atlas Tube Inc. of Harrow, Ont.

The transaction, which was announced on August 17, 2005, was completed effective October 3, 2005 at a purchase price of US$177.8 million. It is expected that this price will be reduced by post-closing adjustments. Dofasco purchased the assets related to Copperweld's mechanical tubing and automotive components businesses from Atlas immediately following the acquisition of Copperweld Holding Company by Atlas.