SOURCE: Altra Holdings, Inc.

December 14, 2006 19:38 ET

Altra Holdings, Inc. Prices Initial Public Offering

QUINCY, MA -- (MARKET WIRE) -- December 14, 2006 -- Altra Holdings, Inc. (NASDAQ: AIMC) today announced the pricing of its initial public offering of its common stock, par value $0.001 per share, at $13.50 per share. Of the 10,000,000 shares being sold in the offering, 3,333,334 shares are being sold by Altra Holdings and 6,666,666 shares are being sold by certain selling stockholders, including Genstar Capital, Altra Holdings' largest stockholder. Certain selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares at the initial public offering price to cover over-allotments, if any. Altra Holdings' common stock will be listed on the NASDAQ Global Market under the symbol "AIMC."

Merrill Lynch & Co. is acting as sole bookrunning manager and Jefferies & Company, Robert W. Baird & Co. and Wachovia Capital Markets, LLC are acting as co-managers for the offering. The public offering is being made by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained from: Merrill Lynch Prospectus Department, Four World Financial Center, 250 Vesey Street, New York, NY 10080; Phone: (212) 449-8415.

This press release shall not constitute an offer to sell nor the solicitation of an offer to buy nor shall there be any sales of the shares in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.

Altra Holdings, through its wholly owed subsidiary Altra Industrial Motion, Inc., is a global supplier of quality power transmission and motion control products that are sold in a diverse group of industries, including energy, general industrial, material handling, mining, transportation, and turf and garden.

Contact Information

  • CONTACT INFORMATION:
    David Wall
    Chief Financial Officer
    Altra Holdings, Inc.
    14 Hayward Street
    Quincy, Massachusetts 02171
    Phone: (617) 689-6380
    Email: Email Contact