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Tube City IMS Corporation, based in Pennsylvania, is a provider of outsourced services to the global steel industry. Tube City IMS operates on-site at over 60 steel mills in 26 U.S states, Canada and Eastern Europe. With roots stemming back to 1926, the Company has developed deep relationships with diverse customer base, which represents over 50% of North American steel output. The Company offers its customers the broadest array of services in the industry, including materials procurement, supply chain management, melt shop services and finished product handling. Wellspring sold its stake in Tube City IMS Corporation to IMS Onex Partners on November 10, 2006. For more information, visit: www.tubecityims.com