| FOR: | PW Eagle, Inc 222 South Ninth Street, Suite 2880 Minneapolis, MN 55402 (Nasdaq-NMS: “PWEI”) |
| CONTACT: | William H. Spell Chief Executive Officer, PW Eagle, Inc. 612/305-0339 |
PW Eagle Announces Acquisition Negotiations
MINNEAPOLIS — March 10, 2003 — PW Eagle, Inc. (Nasdaq-NMS: “PWEI”) announced today that it is in the final stages of negotiating the acquisition of Uponor ETI Company, a manufacturer of PVC pipe. An announcement of the closing of the transaction is expected shortly. The Company noted that there can be no assurance that the transaction will be completed.
PW Eagle, Inc. is a leading extruder of PVC pipe and PE pipe products. PW Eagle’s common stock is traded on the Nasdaq National Market under the symbol “PWEI.”
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