10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

T QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 29, 2012

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to                                     

Commission File No.  333-05978

EURAMAX HOLDINGS, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware (State or other jurisdiction of incorporation or organization)	58-2502320 (I.R.S. Employer Identification Number)
5445 Triangle Parkway, Suite 350, Norcross, GA (Address of principal executive offices)	30092 (Zip Code)

Registrant’s Telephone Number, Including Area Code: (770) 449-7066

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes ¨ No T*

* The registrant is a voluntary filer of reports required to be filed by certain companies under Sections 13 or 15(d) of the Securities Exchange Act of 1934 and has filed all reports that would have been required to be filed by the registrant since December 22, 2011, the date of effectiveness of its Registration Statement on Form S-4, had it been subject to such filing requirements.

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulations S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ¨ No T

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer o Accelerated filer o Non-accelerated filer ý (Do not check if a smaller reporting company) Smaller reporting company o

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No T

There were 185,663 shares of the registrant’s common stock, par value $0.01 per share, issued and outstanding as of August 9, 2012, none of which are publicly traded.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements (unaudited)	1
	Condensed Consolidated Balance Sheets as of June 29, 2012 and December 30, 2011	1
	Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 29, 2012 and July 1, 2011	2
	Condensed Consolidated Statements of Comprehensive Loss for the Three and Six Months Ended June 29, 2012 and July 1, 2011	3
	Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 29, 2012 and July 1, 2011	4
	Notes to Condensed Consolidated Financial Statements	5
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	25
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	40
Item 4.	Controls and Procedures	41
PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	41
Item 1A.	Risk Factors	41
Item 6.	Exhibits	42

Part I. Financial Information

Item 1. Financial Statements (unaudited)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

	June 29, 2012			December 30, 2011
ASSETS	(unaudited)
Current assets:
Cash and cash equivalents	$	11,901		$	14,327
Accounts receivable, net of allowance for doubtful accounts of $3,235 and $4,391, respectively	99,874			83,234
Inventories, net	97,853			83,396
Income taxes receivable	885			697
Deferred income taxes	2,232			1,906
Other current assets	6,393			4,336
Total current assets	219,138			187,896
Property, plant and equipment, net	138,477			146,549
Goodwill	194,432			196,686
Customer relationships, net	61,418			69,636
Other intangible assets, net	7,812			8,148
Deferred income taxes	23			6
Other assets	11,221			10,325
Total assets	$	632,521		$	619,246
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable, including cash overdrafts of $3,092 and $65, respectively	$	72,138		$	54,329
Accrued expenses and other current liabilities	30,913			33,425
Accrued interest payable	9,153			8,886
Deferred income taxes	870			891
Total current liabilities	113,074			97,531
Long-term debt	525,847			507,988
Deferred income taxes	23,471			21,501
Other liabilities	45,639			45,519
Total liabilities	708,031			672,539
Shareholders’ equity (deficit):
Common stock	185			185
Additional paid-in capital	720,364			718,837
Accumulated loss	(805,799		)	(782,087		)
Accumulated other comprehensive income	9,740			9,772
Total shareholders’ equity (deficit)	(75,510		)	(53,293		)
Total liabilities and shareholders’ equity (deficit)	$	632,521		$	619,246

See the accompanying notes to these condensed consolidated financial statements.

1

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands)

(unaudited)

	Three months ended						Six months ended
	June 29, 2012			July 1, 2011			June 29, 2012			July 1, 2011
Net sales	$	223,792		$	256,858		$	422,475		$	467,237
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	185,135			212,358			351,700			386,241
Selling and general (excluding depreciation and amortization)	21,039			23,738			43,920			47,768
Depreciation and amortization	8,633			9,509			17,314			18,746
Other operating charges	920			1,484			1,762			3,901
Multiemployer pension withdrawal expense	—			1,200			—			1,200
Income from operations	8,065			8,569			7,779			9,381
Interest expense	(13,861		)	(13,619		)	(27,397		)	(28,752		)
Other (loss) income, net	(8,863		)	3,770			(2,819		)	8,656
Loss before income taxes	(14,659		)	(1,280		)	(22,437		)	(10,715		)
Provision (benefit) for income taxes	933			846			1,275			(258		)
Net loss	$	(15,592	)	$	(2,126	)	$	(23,712	)	$	(10,457	)

See the accompanying notes to these condensed consolidated financial statements.

2

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(in thousands)

(unaudited)

	Three months ended						Six months ended
	June 29, 2012			July 1, 2011			June 29, 2012			July 1, 2011
Net loss	$	(15,592	)	$	(2,126	)	$	(23,712	)	$	(10,457	)
Other comprehensive (loss) income:
Foreign currency translation adjustment	(1,165		)	463			(202		)	4,759
Net change in pension and other benefit liabilities, net of tax	85			21			170			21
Total comprehensive loss	$	(16,672	)	$	(1,642	)	$	(23,744	)	$	(5,677	)

See the accompanying notes to these condensed consolidated financial statements.

3

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

	Six months ended
	June 29, 2012			July 1, 2011
Net cash used in operating activities	$	(21,387	)	$	(9,736	)
Cash flows from investing activities:
Proceeds from sales of assets	1,233			64
Capital expenditures	(2,647		)	(5,990		)
Net cash used in investing activities	(1,414		)	(5,926		)
Cash flows from financing activities:
Changes in cash overdrafts	3,027			1,690
Net borrowings on ABL Credit Facility	17,635			25,931
Net repayments on First Lien Credit Facility	—			(412,028		)
Borrowings under Senior Secured Notes	—			375,000
Borrowings under Senior Unsecured Notes	—			19,812
Debt issuance costs	(47		)	(10,476		)
Net cash provided by (used in) financing activities	20,615			(71		)
Effect of exchange rate changes on cash	(240		)	2,734
Net decrease in cash and cash equivalents	(2,426		)	(12,999		)
Cash and cash equivalents at beginning of period	14,327			24,902
Cash and cash equivalents at end of period	$	11,901		$	11,903

See the accompanying notes to these condensed consolidated financial statements.

4

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

1. Basis of Presentation and Principles of Consolidation

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements of Euramax Holdings, Inc. and its subsidiaries (the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, these statements include all adjustments considered necessary for the fair presentation of all interim periods reported herein. All adjustments are of a normal recurring nature unless otherwise disclosed.

The Company’s sales volumes have historically been higher in the second and third quarters due to the seasonal demand of the building products markets served. Accordingly, results for the three and six months ended June 29, 2012 are not necessarily indicative of the results that may be expected for the full year. Management believes that the disclosures made are adequate for a fair presentation of the Company’s results of operations, financial position and cash flows. These condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 30, 2011.

Principles of Consolidation

The accompanying condensed consolidated financial statements include the Company’s accounts and the accounts of its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Each of our interim reporting periods, ends on the Friday closest to the last day of the corresponding quarterly calendar period. The second quarter of 2012 and 2011 ended on June 29, 2012 and July 1, 2011, respectively. Beginning in 2012, our fiscal year will end on December 31 regardless of the day of the week on which December 31 falls. Our 2011 fiscal year end was December 30, 2011.

2. Inventories

Inventories were comprised of:

	June 29, 2012		December 30, 2011
	(in thousands)
Aluminum and steel coil	$	65,545	$	52,681
Raw materials	14,486		12,808
Work in process	2,617		2,980
Finished products	15,205		14,927
	$	97,853	$	83,396

The Company has disclosed aluminum and steel coil inventory separately, as it represents inventory that can be classified as raw material, work in process or finished product. Aluminum and steel coil includes both painted and bare coil. Inventories are net of related reserves totaling $2.8 million and $3.0 million as of June 29, 2012 and December 30, 2011, respectively.

5

3. Long-Term Obligations

Long-term obligations consisted of the following:

	June 29, 2012		December 30, 2011
	(in thousands)
Senior Secured Notes (9.50%)	$	375,000	$	375,000
Senior Unsecured Loan Facility (12.25%)	123,006		122,782
ABL Credit Facility	27,841		10,206
Dutch Revolving Credit Facility	—		—
	$	525,847	$	507,988

On March 18, 2011, Euramax International, Inc. (“Euramax”), a wholly owned subsidiary of the Company, issued $375 million of Senior Secured Notes (the “Notes”) in a private placement exempt from registration requirements under the Securities Act of 1933, as amended (the “Securities Act”). Concurrent with the issuance of the Notes, the Company entered into a new senior unsecured loan facility (the “Senior Unsecured Loan Facility”) with an aggregate principal amount of $125 million. The Company also entered into an Amended and Restated Senior Secured Revolving Credit and Guaranty Agreement (the “ABL Credit Facility”), which provided revolving credit financing of up to $70 million and extended the maturity from June 23, 2012 to September 18, 2015.

Prior to the issuance of the Notes and the Senior Unsecured Loan Facility, the Company had outstanding obligations of approximately $514.7 million under the First Lien Credit Agreement. In the first quarter of 2011, proceeds from the $375 million offering of Notes were used to pay lenders under the First Lien Credit Agreement. Additionally, certain existing lenders exchanged approximately $102.7 million of existing loans under the First Lien Credit Agreement and cash of $19.8 million for the $125 million of loans under the new Senior Unsecured Loan Facility, which were issued at 98% of par. Cash proceeds along with borrowings under the Company’s ABL Credit Facility were used to repay the remaining outstanding amounts due under the First Lien Credit Agreement and expenses related to the refinancing. The difference between the consideration received and the aggregate face amount of the Senior Unsecured Loan Facility ($2.2 million) is being amortized and recorded in interest expense using the effective interest rate method over the term of the Senior Unsecured Loan Facility.

The Company recognized a loss of approximately $1.5 million on the extinguishment of the First Lien Credit Agreement in the first quarter of 2011. This loss is primarily comprised of the write-off of previously capitalized deferred debt issuance costs and is recorded in other income (loss). Deferred debt issuance costs, related to First Lien Credit Agreement obligations which were exchanged for obligations under the Senior Unsecured Loan Facility, are being amortized to interest expense over the term of the new Senior Unsecured Loan Facility using the effective interest rate method. Direct and incremental debt issuance costs related to the Senior Unsecured Notes, Senior Unsecured Credit Facility, and ABL Credit Facility, including legal fees, printing costs and bank fees totaled approximately $10.6 million and have been capitalized and reported as deferred financing costs within other assets. These costs are being amortized and recorded in interest expense using the effective interest rate method over the term of the applicable agreement.

Senior Secured Notes

The Notes were issued at par in a private placement exempt from registration requirements under the Securities Act.The Notes were issued pursuant to an indenture, or the Indenture, dated March 18, 2011, among Euramax, the Company, and certain of its domestic subsidiaries as guarantors, and Wells Fargo Bank, National Association, the Trustee.Substantially all of Euramax’s U.S. subsidiaries are guarantors of the Notes.The Notes bear interest at 9.50% per year and mature on April 1, 2016, unless earlier redeemed or repurchased by Euramax. Interest is payable semi-annually on April 1 and October 1 of each year.

The Notes may be redeemed at the option of Euramax, in whole or in part, under the conditions specified in the Indenture plus accrued and unpaid interest to the redemption date, at the following redemption prices if redeemed during the twelve-month period beginning on April 1 of the years indicated:

6

Year	Percentage
2013	107.125	%
2014	104.750	%
2015 and thereafter	100.000	%

Additionally at any time on or before April 1, 2013, Euramax may redeem the greater of (i) $37.5 million and (ii) up to 10% of the aggregate principal amount of the Notes at any time and from time to time, but not more than once in any twelve‑month period, at a price equal to 103% of the principal amount of the Notes redeemed and accrued and unpaid interest, if any, to the date of redemption; up to 35% of the aggregate principal amount of the Notes issued with the net proceeds of certain equity offerings at a price equal to 109.5% of the principal amount of the Notes redeemed plus accrued and unpaid interest, if any, to the date of redemption; or Euramax may, on any one or more occasions, redeem all or a part of the Notes at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus the Applicable Premium (as defined in the Indenture) and accrued and unpaid interest, if any, to the date of redemption.

The Indenture contains restrictive covenants that limit, among other things, the ability of Euramax and certain of its subsidiaries to incur additional indebtedness, pay dividends and make certain distributions, make other restricted payments, make investments, incur liens, consolidate, merge, sell or otherwise dispose of all or substantially all of its assets and enter into certain transactions with affiliates, in each case, subject to exclusions, and other customary covenants. These limitations also prohibit Euramax's ability to transfer cash or assets to Euramax Holdings, whether by dividend, loan or otherwise. The Indenture also contains customary events of default. If Euramax undergoes a change of control (as defined in the Indenture), Euramax will be required to make an offer to repurchase the Notes at 101% of the principal amount of the Notes redeemed plus accrued and unpaid interest, if any, to the date of redemption.

In connection with the sale of the Notes, Euramax, the guarantors and the initial purchasers entered into a registration rights agreement. Pursuant to the registration rights agreement, Euramax and the guarantors agreed to file a registration statement with the Securities and Exchange Commission with respect to publicly registered Notes having identical terms to the outstanding Notes. The Company completed an effective registration of the Notes with the Securities and Exchange Commission on December 22, 2011. An exchange offer was launched December 23, 2011 for the holders of the outstanding Notes to exchange their Notes for the exchange notes. The exchange offer was completed on January 26, 2012 with 100% of the $375 million 9.50% Senior Secured Notes due 2016 tendered in the exchange offer.

Senior Unsecured Loan Facility

Proceeds from the Senior Unsecured Loan Facility were borrowed on March 18, 2011 and will mature on October 1, 2016.Loans under the Senior Unsecured Loan Facility bear interest at 12.25% per year in the event no election is made to pay interest in kind (PIK) , and 14.25% (7.875% cash pay and 6.375% PIK) per annum in the event a PIK election is made. The Company may make a PIK election for up to six quarters during the term of the Senior Unsecured Loan Facility. The interest rate on outstanding borrowings under the Senior Unsecured Loan Facility at June 29, 2012 was 12.25%, as the Company has not made a PIK election.

The Senior Unsecured Loan Facility may not be voluntarily prepaid before March 18, 2013. Thereafter, Euramax may prepay outstanding amounts under the Senior Unsecured Loan Facility, in whole or in part, at the prices (expressed as percentages of the loans) set forth below:

Prepayment Date	Percentage
On or after the second anniversary of the closing but prior to the third anniversary thereof	103%
On or after the third anniversary of the closing but prior to the fourth anniversary thereof	102%
On or after the fourth anniversary of the closing	100%

Additionally, at any time before March 18, 2013, Euramax may on one or more occasions prepay up to 35% of the aggregate principal amount of the loans outstanding on the closing date at 112.25%, plus accrued and unpaid interest. Upon a change of control, Euramax may be required to purchase all or a portion of the Senior Unsecured Loan Facility at a price equal to 101% of the principal amount plus accrued and unpaid interest.All obligations under the Senior Unsecured Loan Facility are unconditionally guaranteed by the Company and substantially all of Euramax’s existing and future direct and indirect wholly‑owned domestic material restricted subsidiaries.

7

The Senior Unsecured Loan Facility contains restrictive covenants that limit, among other things, the ability of Euramax and certain of its subsidiaries to incur additional indebtedness, pay dividends and make certain distributions, make other restricted payments, make investments, incur liens, consolidate, merge, sell or otherwise dispose of all or substantially all of its assets and enter into certain transactions with affiliates, in each case, subject to exclusions, and other customary covenants.

The Senior Unsecured Loan Facility contains certain customary representations and warranties, affirmative covenants and events of default, including among other things, payment defaults, covenant defaults, cross‑defaults to certain indebtedness, certain events of bankruptcy, material judgments, and failure of any guaranty supporting the Senior Unsecured Loan Facility to be in force and effect in any material respect. If such an event of default occurs, the administrative agent would be entitled to take various actions, including the acceleration of amounts due under the Senior Unsecured Loan Facility and all actions permitted to be taken by an unsecured creditor.

ABL Credit Facility

On March 18, 2011, the Company, Euramax, and certain of its domestic subsidiaries, entered into the ABL Credit Facility with Regions Bank, as Collateral and Administrative Agent, Wells Fargo Capital Finance, LLC, as Co-Collateral Agent, and Regions Business Capital, as Sole Lead Arranger and Bookrunner. The ABL Credit Facility provides for revolving credit financing of up to $70 million, subject to borrowing base availability. At June 29, 2012, $27.5 million was available to be drawn on the ABL Facility. The ABL Credit Facility matures on September 18, 2015.

Borrowings under the ABL Credit Facility bear interest at a rate per annum equal to either (a) LIBOR plus an applicable margin or (b) a base rate determined by reference to the highest of (1) the prime commercial lending rate published by Regions Bank as its “prime rate” for commercial loans, (2) the federal funds effective rate plus 0.50% and (3) the one-month LIBOR plus 1.00%, plus an applicable margin. The applicable margin is dependent upon the type of borrowings the Company has made under the ABL Credit Facility. At June 29, 2012, the applicable margins were 2.50% and 1.50% for LIBOR and Base Rate borrowings, respectively. The applicable margins are subject to Euramax’s corporate credit rating as determined from time to time by Standard and Poor’s and Moody’s Investors Service and range from 2.00% to 2.75% for LIBOR borrowings and 1.00% to 1.75% for Base Rate borrowings. The weighted average interest rate, including the applicable margin payable on outstanding borrowings under the ABL Credit Facility, at June 29, 2012 was 2.8%. The ABL Credit Facility requires the Company to pay a commitment fee ranging from 0.375% to 0.5%, based on the unutilized commitments. The Company is also required to pay customary letter of credit fees, including, without limitation, a letter of credit fee equal to the applicable margin on revolving credit LIBOR loans and fronting fees.

All obligations under the ABL Credit Facility are unconditionally guaranteed by the Company and substantially all of Euramax’s existing and future direct and indirect, wholly-owned domestic restricted subsidiaries which are not borrowers. All obligations under the ABL Credit Facility are secured, subject to certain exceptions, by a first‑priority security interest in Euramax’s and the Guarantors’ inventory and accounts receivable and related assets, referred to as the ABL Collateral, and a junior‑priority security interest in (i) substantially all of Euramax’s and the Guarantors’ assets (other than inventory and accounts receivable and related assets, which assets secure the ABL Credit Facility on a first priority basis) and (ii) all of Euramax’s capital stock and the capital stock of each material domestic restricted subsidiary owned by Euramax or a Guarantor and 65% of the voting capital stock and 100% of any non-voting capital stock of foreign restricted subsidiaries directly owned by Euramax or a Guarantor, which we refer to collectively as the Notes Collateral.

The ABL Credit Facility contains affirmative and negative covenants customary for this type of financing, including, but not limited to financial covenants requiring Euramax to meet a minimum consolidated fixed charge coverage ratio of at least 1.15 to 1.00 when excess availability is less than 15% of the lesser of the aggregate amount of commitments outstanding at such time and the borrowing base. As of June 29, 2012, excess availability exceeded 15% of the borrowing base; therefore, Euramax was not required to meet the minimum consolidated fixed charge coverage ratio. Additionally, restrictive covenants limit the ability of the Company and certain of its subsidiaries to incur liens, incur, assume or permit to exist additional indebtedness, guarantees and other contingent obligations, consolidate, merge or sell all or substantially all of their assets, pay dividends or make other distributions, make certain loans and investments, amend or otherwise alter the terms of documents related to certain of their indebtedness, enter into transactions with affiliates and prepay certain indebtedness, in each case, subject to exclusions, and other customary covenants.

8

Dutch Revolving Credit Facility

In February 2012, the Company's wholly owned subsidiary Euramax Coated Products, BV, entered into a revolving credit facility, with Rabobank Roermond (the "Dutch Revolving Credit Facility"). The Dutch Revolving Credit Facility provides revolving credit financing of up to EUR 15 million and matures on April 1, 2016. Borrowings under the Dutch Revolving Credit Facility bear interest at a rate per annum which is the aggregate of the average one month Euribor rate over a calendar month plus a margin of 2% and requires payment of a commitment fee of 0.35% per annum on the nominal amount of the credit facility. All obligations under the Dutch Revolving Credit Facility are secured by a mortgage on the real estate of Euramax Coated Products, BV, a pledge on present and future machinery of Euramax Coated Products, BV, and a pledge on present and future accounts receivable balances of Euramax Coated Products, BV. There were no outstanding borrowings under the Dutch Revolving Credit Facility as of June 29, 2012.

The Dutch Revolving Credit Facility contains financial and non-financial covenants customary for this type of financing. Financial Covenants include, but are not limited to, a minimum annual EBITDA target and a minimum amount of risk-bearing capital for Euramax Coated Products, BV both measured at the Company's fiscal year-end. The Dutch Revolving Credit Facility also contains a clause limiting further indebtedness. As of June 29, 2012, the Company is in compliance with all covenants.

4. Financial Instruments

The Company is directly and indirectly affected by changes in certain market conditions. These changes in market conditions may adversely impact the Company's financial performance and are referred to as "market risks." The Company, when deemed appropriate, uses derivatives as a risk management tool to mitigate the potential impact of certain market risks. The primary market risk managed by the Company through the use of derivative instruments is foreign currency exchange rate risk. The Company does not enter into derivative contracts for trading purposes.

The Company has entered into forward contracts to buy or sell a quantity of a currency at a predetermined future date, and at a predetermined rate or price to mitigate uncertainty and volatility, and to cover underlying exposures to certain payments in currencies other than the functional currency. The Company has not designated these contracts for hedge accounting treatment and, therefore, the gains and losses on these contracts are recorded in other (loss) income. In the first half of 2012, the Company recognized a gain of $0.1 million in Other (loss) income, net related to these forward contracts.

As of June 29, 2012 and December 30, 2011, derivatives totaling approximately $0.3 million and $0.6 million, respectively, were carried at fair value in the condensed consolidated balance sheet in the line item other current assets. The Company determined that the fair value of the foreign exchange contracts were level 1 measurements in the fair value hierarchy. To measure the fair value of the foreign exchange contracts the Company obtained quotations from financial institutions.

5. Commitments and Contingencies

Raw Material Commitments

The Company’s primary raw materials are aluminum and steel coil. Because changes in aluminum and steel prices are generally passed through to customers, increases or decreases in aluminum and steel prices generally cause corresponding increases and decreases in reported net sales, causing fluctuations in reported revenues that are unrelated to the level of business activity. However, if the Company is unable to pass through aluminum and steel price increases to customers in the future, its business and results of operations could be materially adversely affected. Although the Company believes there is sufficient supply in the marketplace to competitively source all of its aluminum and steel needs without reliance on any particular supplier, any major disruption in the supply and/or price of aluminum and steel could have a material adverse effect on the Company’s business and financial condition.

To ensure a margin on specific customer orders, the Company may commit to purchase aluminum ingot or coil at a fixed market price for future delivery. These contracts are for normal purchases and sales, and therefore are not required to be accounted for as derivatives.

9

Litigation

The Company is currently party to legal proceedings that have arisen in the ordinary course of business. The Company has and will continue to vigorously defend itself in these matters. It is the opinion of the Company’s management, based upon information available at this time, that the expected outcome of all matters to which the Company is currently a party would not reasonably be expected to have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company.

Environmental Matters

The Company’s operations are subject to federal, state, local and European environmental laws and regulations, including those concerning the management of pollution and hazardous substances.

In connection with the acquisition of the Company from Alumax Inc. (which was acquired by Aluminum Company of America in May 1998, and hereafter referred to as Alumax) on September 25, 1996, the Company was indemnified by Alumax for substantially all of its costs, if any, related to specifically identified environmental matters arising prior to the closing date of the acquisition during the period of time it was owned directly or indirectly by Alumax. Such indemnification includes costs that may ultimately be incurred to contribute to the remediation of eleven specified existing National Priorities List (NPL) sites for which the Company had been named a potentially responsible party under the federal Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) as of the closing date of the acquisition from Alumax, as well as certain potential costs for nine sites to which the Company may have sent waste for disposal. The Company does not believe that it has any significant probable liability for environmental claims. Further, the Company believes it to be unlikely that the Company would be required to bear environmental costs in excess of its pro rata share of such costs as a potentially responsible party at any site. Any receivable for recoveries under the indemnification would be recorded separately from the corresponding liability when the environmental claim and related recovery is determined to be probable. In addition, the Company establishes reserves for remedial measures required from time to time at its own facilities. Management believes that the reasonably probable outcomes of these matters will not be material. The Company’s reserves, expenditures, and expenses for all environmental exposures were not significant as of any of the dates or for any of the periods presented.

Product Warranties

The Company provides warranties on certain products. The warranty periods differ depending on the product, but generally range from one year to limited lifetime warranties. The Company provides accruals for warranties based on historical experience and expectations of future occurrence. Changes in the product warranty accrual are summarized as follows:

	Three months ended						Six months ended
	June 29, 2012			July 1, 2011			June 29, 2012			July 1, 2011
	(in thousands)						(in thousands)
Balance, beginning of period	$	5,412		$	5,403		$	5,050		$	5,561
Payments made or service provided	(669		)	(1,284		)	(1,412		)	(1,952		)
Warranty expense	788			1,549			1,668			1,945
Foreign currency translation	(259		)	78			(34		)	192
Balance, end of period	$	5,272		$	5,746		$	5,272		$	5,746

6. Income Taxes

The income tax provision (benefit) for 2012 and 2011 are computed at the effective rate expected to be applicable in each respective full year using the statutory rates on a country by country basis, adjusted for changes in valuation allowances relating to the Company’s net operating loss and capital loss carryforwards. The effective rates for the three month periods ended June 29, 2012 and July 1, 2011, were 6.4% and 66.1%, respectively.

10

The effective rate for the three months ended June 29, 2012 differed from the U.S. statutory rate primarily due to state income taxes, lower tax rates of our foreign operations as compared to the U.S. federal rates, U.S. tax impact of foreign dividends and non-deductible foreign currency transaction gains and losses, and valuation allowances related to net losses in the U.K. and for U.S. federal and state net operating losses.

The effective rate for the three months ended July 1, 2011 differed from the U.S. statutory rate primarily due to state income taxes, lower tax rates of our foreign operations as compared to the U.S. federal rates, U.S. tax impact of foreign dividends and non-deductible foreign currency transaction gains and losses, recognition of additional provision for foreign taxes unrelated to current year earnings, and valuation allowances for U.S. federal and state net operating losses.

The effective tax rates for the six month periods ended June 29, 2012 and July 1, 2011, were 5.7% and (2.4)%, respectively.

The effective rate for the six months ended June 29, 2012 differed from the U.S. statutory rate primarily due to state income taxes, lower tax rates of our foreign operations as compared to the U.S. federal rates, U.S. tax impact of foreign dividends and non-deductible foreign currency transaction gains and losses, and valuation allowances related to net losses in the U.K. and for U.S. federal and state net operating losses.

The effective rate for the six months ended July 1, 2011 differed from the U.S. statutory rate primarily due to state income taxes, lower tax rates of our foreign operations as compared to the U.S. federal rates, U.S. tax impact of foreign dividends and non-deductible foreign currency transaction gains and losses, recognition of additional provision for foreign taxes unrelated to current year earnings, and valuation allowances for U.S. federal and state net operating losses.

7. Employee Benefit Plans

In the second quarter of 2011, the Company announced plans to move its operations in Romeoville, IL to its existing facility in Nappanee, IN. This move, intended to reduce fixed overhead costs, triggered an early withdrawal from the multiemployer pension plan benefiting hourly employees at the Romeoville facility. Accordingly, the Company recorded a $1.2 million charge in its U.S. Commercial Products segment for liabilities associated with this withdrawal. The liability represents the present value of estimated future payments for the Company’s proportionate share of unfunded vested benefits under the multiemployer plan. The Company received notification of the final assessment from the plan trustee in July 2012. The total withdrawal liability was determined to be $1.2 million. The Company has the option to settle the liability in a lump sum payment or in monthly installments over a 20 year period. The Company is currently considering its payment options.

Retirement Plans

The Company maintains a non-contributory defined benefit pension plan covering substantially all U.S. hourly employees (the U.S. Plan). In addition, the employees at Euramax Coated Products Limited and Ellbee Limited participate in a single employer pension plan (the UK Plan). The measurement date for the U.S. and UK plans is the last day of the fiscal year. The Company curtailed the accrual of participant benefits provided under the UK Plan effective March 31, 2009. This curtailment did not affect the timing for the payment of benefits earned under the UK Plan through the curtailment date. In January 2010, the Company's board of directors approved a motion to freeze future benefit accruals under the U.S. Pension Plan. The impact on the Company's projected benefit obligation was not significant. Components of net periodic pension cost for the Company’s defined and multiemployer pension plans were as follows:

11

	Three months ended												Six months ended
	June 29, 2012						July 1, 2011						June 29, 2012						July 1, 2011
	U.S. Plan			UK Plan			U.S. Plan			UK Plan			U.S. Plan			UK Plan			U.S. Plan			UK Plan
	(in thousands)												(in thousands)
Components of net periodic pension cost
Service cost	$	19		$	—		$	10		$	—		$	38		$	—		$	20		$	—
Interest cost	128			599			128			591			256			1,180			256			1,185
Expected return on assets	(144		)	(424		)	(140		)	(459		)	(288		)	(836		)	(280		)	(920		)
Recognized actuarial net loss	62			23			21			—			124			46			21			—
Total Company defined benefit plan expense	65			198			19			132			130			390			17			265
Multiemployer benefit expense	298			—			317			—			576			—			573			—
Multiemployer pension withdrawal penalty	—			—			1,200			—			—			—			1,200			—
Net periodic pension cost	$	363		$	198		$	1,536		$	132		$	706		$	390		$	1,790		$	265

8. Fair Value Measurements

Accounting principles generally accepted in the United States define fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Additionally, the inputs used to measure fair value are prioritized based on a three-level hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:

• Level 1 — Quoted prices in active markets for identical assets or liabilities.

• Level 2 — Observable inputs other than quoted prices included in Level 1. We value assets and liabilities included in this level using dealer and broker quotations, certain pricing models, bid prices, quoted prices for similar assets and liabilities in active markets, or other inputs that are observable or can be corroborated by observable market data.

• Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

Recurring Fair Value Measurements

In accordance with accounting principles generally accepted in the United States, certain assets and liabilities are required to be recorded at fair value on a recurring basis. For our Company, the only assets and liabilities that are adjusted to fair value on a recurring basis are derivative financial instruments.

Derivative Financial Instruments

The fair values of our futures contracts were primarily determined using quoted contract prices from financial institutions. The fair values of these instruments were based on the closing contract price as of the balance sheet date and were classified as Level 1. As of June 29, 2012 and December 30, 2011, the Company had outstanding derivative financial instruments totaling $0.3 million and $0.6 million, respectively.

Nonrecurring Fair Value Measurements

In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company records assets and liabilities at fair value on a nonrecurring basis as required by accounting principles generally accepted in the United States. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges.

12

The Company did not record any impairment charges related to assets measured at fair value on a nonrecurring basis during the three and six month periods ended June 29, 2012 and July 1, 2011.

Other Fair Value Disclosures

The carrying amounts of cash and cash equivalents; receivables; accounts payable and accrued expenses; and loans and notes payable approximate their fair values because of the relatively short-term maturities of these instruments.

The fair value of our long-term debt is estimated using Level 2 inputs based on dealer quoted prices for our debt instruments based on recent transactions obtained from various sources. As of June 29, 2012, the carrying amount and fair value of our Senior Secured Notes, were $375.0 million and $337.5 million, respectively.

9. Segment Information

The Company manages its business and serves its customers through reportable segments differentiated by product type, end market, and geography. In the first quarter of 2012, the Company completed a reorganization of its U.S. operational structure. The reorganization included the consolidation of all U.S. operating companies into one legal entity and realigned reporting and management responsibilities based upon the Company's residential and commercial product offerings. As a result of the restructuring, the Company has identified two U.S. reporting segments; U.S. Residential Products and U.S. Commercial Products. Prior to this restructuring, our reporting segments consisted of U.S. Residential Building Products, U.S. Non-Residential Building Products and U.S. RV and Specialty Building Products. Our 2011 results have been adjusted to reflect the Company's change in reportable segments. These organizational changes did not impact our European reportable segments.

Our four reportable segments are described below:

U.S. Residential Products—The U.S. Residential Products segment utilizes aluminum, steel, copper and vinyl to produce residential roof drainage products, including preformed gutters, downspouts, elbows, soffit, drip edge, fascia, flashing, snow guards and related accessories. These products are used primarily for the repair, replacement or enhancement of residential roof drainage systems. The Company sells these products to home improvement retailers, lumber yards, distributors and contractors from manufacturing and distribution facilities throughout North America. The Company also produces specialty made-to-order vinyl replacement windows and aluminum patio and awning components sold primarily to home improvement contractors in the Western U.S.

U.S. Commercial Products—The U.S. Commercial Products segment utilizes various materials, including steel coil, aluminum coil and fiberglass to create various products with commercial applications, including roofing and siding panels, ridge caps, flashing, trim, soffit and other accessories as well as sidewall components, siding and other exterior components for the towable RV, cargo and manufactured housing markets. The Company sells these products to builders, contractors, lumber yards, home improvement retailers, OEM's, and RV manufacturers from manufacturing and distribution facilities located throughout the U.S. These products are used in the construction of a wide variety of small scale non-residential, agricultural and industrial building types on either wood or metal frames, manufactured homes, and towable RVs.

European Roll Coated Aluminum—The European Roll Coated Aluminum segment uses a roll coating process to apply paint to bare aluminum coil and, to a lesser extent, bare steel coil in order to produce specialty coated coil, which the Company also processes into specialty coated sheets and panels. The Company sells these products to building panel manufacturers, contractors and UK “holiday home,” RV and transportation OEMs throughout Europe and in parts of Asia. The Company’s customers use its specialty coated metal products to manufacture, among other things, RV sidewalls, commercial roofing panels, interior ceiling panels, and liner panels for shipping containers. The Company produces and distributes these roll coated products from facilities located in the Netherlands and the UK.

European Engineered Products—The European Engineered Products segment utilizes aluminum and vinyl extrusions to produce residential windows, doors and shower enclosures. These products are sold to home improvement retailers, distributors and factory‑built “holiday home” builders in the UK. The Company also produces windows used in the operator compartments of heavy equipment, components sold to suppliers to automotive OEMs in Western Europe and RV doors. The Company produces and distributes these engineered products from facilities in France and the UK and has developed extensive in-house manufacturing capabilities, including powder coating, glass cutting, anodizing and glass toughening.

13

The Company evaluates the performance of its segments and allocates resources to them based primarily on segment income or (loss) from operations. Expenses, income and assets that are not segment specific relate to holding company and business development activities conducted for the overall benefit of the Company, and accordingly, are not attributable to the Company’s segments.

The following table presents information about reported segments for the three months ended June 29, 2012:

	U.S. Residential Products		U.S. Commercial Products		European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Three months ended June 29, 2012	(in thousands)
Net sales:
Third party	$	76,550	$	78,778	$	49,324	$	19,140		$	—		$	—		$	223,792
Intersegment	311		39		107		—			—			(457		)	—
Total net sales	$	76,861	$	78,817	$	49,431	$	19,140		$	—		$	(457	)	$	223,792
Income (loss) from operations	$	7,484	$	1,511	$	3,291	$	(463	)	$	(3,758	)	$	—		$	8,065
Depreciation and amortization	$	2,644	$	2,026	$	2,358	$	631		$	974		$	—		$	8,633
Capital expenditures	$	289	$	200	$	273	$	149		$	310		$	—		$	1,221

The following table presents information about reported segments for the three months ended July 1, 2011:

	U.S. Residential Products		U.S. Commercial Products		European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Three months ended July 1, 2011	(in thousands)
Net sales:
Third party	$	82,928	$	78,073	$	72,543	$	23,314		$	—		$	—		$	256,858
Intersegment	261		66		230		—			—			(557		)	—
Total net sales	$	83,189	$	78,139	$	72,773	$	23,314		$	—		$	(557	)	$	256,858
Income (loss) from operations	$	7,238	$	2,203	$	4,631	$	(32	)	$	(5,471	)	$	—		$	8,569
Depreciation and amortization	$	2,841	$	2,071	$	2,792	$	848		$	957		$	—		$	9,509
Capital expenditures	$	121	$	1,074	$	367	$	516		$	636		$	—		$	2,714

The following table presents information about reported segments for the six months ended June 29, 2012:

	U.S. Residential Products		U.S. Commercial Products			European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Six months ended June 29, 2012	(in thousands)
Net sales:
Third party	$	137,196	$	142,933		$	103,472	$	38,874		$	—		$	—		$	422,475
Intersegment	583		129			265		—			—			(977		)	—
Total net sales	$	137,779	$	143,062		$	103,737	$	38,874		$	—		$	(977	)	$	422,475
Income (loss) from operations	$	10,786	$	(1,542	)	$	5,884	$	(843	)	$	(6,506	)	$	—		$	7,779
Depreciation and amortization	$	5,287	$	4,074		$	4,755	$	1,253		$	1,945		$	—		$	17,314
Capital expenditures	$	740	$	395		$	750	$	452		$	310		$	—		$	2,647

14

The following table presents information about reported segments for the six months ended July 1, 2011:

	U.S. Residential Products		U.S. Commercial Products			European Roll Coated Aluminum		European Engineered Products		Other Non- Allocated			Eliminations			Consolidated
Six months ended July 1, 2011	(in thousands)
Net sales:
Third party	$	143,112	$	144,895		$	132,989	$	46,241	$	—		$	—		$	467,237
Intersegment	515		70			396		—		—			(981		)	—
Total net sales	$	143,627	$	144,965		$	133,385	$	46,241	$	—		$	(981	)	$	467,237
Income (loss) from operations	$	10,132	$	(37	)	$	9,437	$	543	$	(10,694	)	$	—		$	9,381
Depreciation and amortization	$	5,686	$	4,171		$	5,435	$	1,628	$	1,826		$	—		$	18,746
Capital expenditures	$	435	$	2,035		$	763	$	1,182	$	1,575		$	—		$	5,990

It is impractical for the Company to provide revenues from external customers by groups of similar products. Accordingly, the following table reflects revenues from external customers by markets for the periods indicated.

		Three months ended				Six months ended
Customers/Markets	Primary Products	June 29, 2012		July 1, 2011		June 29, 2012		July 1, 2011
		(in thousands)
Original Equipment Manufacturers (“OEMs”)	Painted aluminum sheet and coil; fabricated painted aluminum, laminated and fiberglass panels; windows and roofing and composite building panels	$	57,429	$	66,465	$	118,488	$	132,953
Home Improvement Retailers	Rain carrying systems, roofing accessories, steel roofing and siding, windows, doors and shower enclosures	49,615		53,344		87,934		93,305
Industrial and Architectural Contractors	Standing seam panels; siding and roofing accessories; and composite building panels	34,698		53,835		70,588		92,743
Rural Contractors	Steel and aluminum roofing and siding	37,188		33,185		64,296		60,052
Distributors	Metal coils, rain carrying systems and roofing accessories	24,702		28,947		44,890		48,495
Manufactured Housing	Steel siding and trim components	9,560		9,955		18,026		20,222
Home Improvement Contractors	Vinyl replacement windows; metal coils, rain carrying systems; metal roofing and insulated roofing panels; shower, patio and entrance doors; and awnings	10,600		11,127		18,253		19,467
		$	223,792	$	256,858	$	422,475	$	467,237

15

10. Supplemental Guarantor Condensed Financial Information

On March 18, 2011, Euramax Holdings, Inc. (presented as Parent in the following schedules), through its 100%-owned subsidiary, Euramax International, Inc. (presented as Issuer in the following schedules) issued the Notes. The Notes are fully and unconditionally guaranteed, jointly and severally, on a senior secured basis by Euramax Holdings, Inc. Additionally, the Notes were fully and unconditionally guaranteed by all material domestic subsidiaries, collectively referred to as the "Guarantors." On December 30, 2011, as permitted by the First Supplemental Indenture, the Company completed the merger of the Guarantor subsidiaries with Euramax International, Inc. This merger does not adversely affect the legal rights under the Indenture of any holder of the Notes in any material respect. All other subsidiaries of Euramax International, Inc., whether direct or indirect, do not guarantee the Senior Secured Notes (the "Non-Guarantors").

Additionally, the Notes are secured on a second priority basis by liens on all of the collateral (subject to certain exceptions) securing Euramax International, Inc.’s senior secured credit facilities. In the event that secured creditors exercise remedies with respect to Euramax International, Inc.'s pledged assets, the proceeds of the liquidation of those assets will first be applied to repay obligations secured by the first priority liens under the senior secured credit facilities and any other first priority obligations.

The following condensed consolidating financial statements present the results of operations, comprehensive loss, financial position and cash flows of (1) the Parent, (2) the Issuer (including all Guarantor subsidiaries prior to the merger), (3) the Non-Guarantor Subsidiaries, and (4) eliminations to arrive at the information for Euramax Holdings, Inc. on a consolidated basis. The condensed consolidating financial statements for all periods presented reflect the legal entity structure and Notes guaranty as of June 29, 2012 for comparative purposes. Separate financial statements and other disclosures concerning the former Guarantor subsidiaries are not presented because management does not believe such information is material to investors.

16

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

June 29, 2012
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	157		$	11,744		$	—		$	11,901
Accounts receivable, net of allowance for doubtful accounts	—			54,930			44,944			—			99,874
Inventories, net	—			66,016			31,837			—			97,853
Income taxes receivable	—			340			545			—			885
Deferred income taxes	—			1,702			530			—			2,232
Other current assets	—			3,848			2,545			—			6,393
Total current assets	—			126,993			92,145			—			219,138
Property, plant and equipment, net	—			67,662			70,815			—			138,477
Amounts due from affiliates	—			216,813			18,521			(235,334		)	—
Goodwill	—			81,054			113,378			—			194,432
Customer relationships, net	—			38,365			23,053			—			61,418
Other intangible assets, net	—			7,812			—			—			7,812
Investment in consolidated subsidiaries	(70,855		)	26,646			—			44,209			—
Deferred income taxes	—			—			23			—			23
Other assets	—			6,124			5,097			—			11,221
Total assets	$	(70,855	)	$	571,469		$	323,032		$	(191,125	)	$	632,521
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	—		$	46,253		$	25,885		$	—		$	72,138
Accrued expenses and other current liabilities	184			16,020			14,709			—			30,913
Accrued interest payable	—			9,153			—			—			9,153
Deferred income taxes	—			—			870			—			870
Total current liabilities	184			71,426			41,464			—			113,074
Long-term debt	—			525,847			—			—			525,847
Amounts due to affiliates	4,471			13,309			217,554			(235,334		)	—
Deferred income taxes	—			8,941			14,530			—			23,471
Other liabilities	—			22,801			22,838			—			45,639
Total liabilities	4,655			642,324			296,386			(235,334		)	708,031
Shareholders’ equity (deficit):
Common stock	185			—			21			(21		)	185
Additional paid-in capital	720,364			657,461			199,452			(856,913		)	720,364
Accumulated loss	(805,799		)	(738,056		)	(186,323		)	924,379			(805,799		)
Accumulated other comprehensive income	9,740			9,740			13,496			(23,236		)	9,740
Total shareholders’ equity (deficit)	(75,510		)	(70,855		)	26,646			44,209			(75,510		)
Total liabilities and shareholders’ equity (deficit)	$	(70,855	)	$	571,469		$	323,032		$	(191,125	)	$	632,521

17

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

December 30, 2011
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	962		$	13,365		$	—		$	14,327
Accounts receivable, net of allowance for doubtful accounts	—			43,241			39,993			—			83,234
Inventories, net	—			51,456			31,940			—			83,396
Income taxes receivable	—			177			520			—			697
Deferred income taxes	—			1,702			204			—			1,906
Other current assets	—			2,688			1,648			—			4,336
Total current assets	—			100,226			87,670			—			187,896
Property, plant and equipment, net	—			72,848			73,701			—			146,549
Amounts due from affiliates	—			232,191			28,360			(260,551		)	—
Goodwill	—			81,054			115,632			—			196,686
Customer relationships, net	—			43,110			26,526			—			69,636
Other intangible assets, net	—			8,148			—			—			8,148
Investment in consolidated subsidiaries	(48,935		)	30,605			—			18,330			—
Deferred income taxes	—			—			6			—			6
Other assets	—			6,418			3,907			—			10,325
Total assets	$	(48,935	)	$	574,600		$	335,802		$	(242,221	)	$	619,246
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	—		$	32,692		$	21,637		$	—		$	54,329
Accrued expenses and other current liabilities	96			16,623			16,706			—			33,425
Accrued interest payable	—			8,886			—			—			8,886
Deferred income taxes	—			—			891			—			891
Total current liabilities	96			58,201			39,234			—			97,531
Long-term debt	—			507,988			—			—			507,988
Amounts due to affiliates	4,262			27,315			228,974			(260,551		)	—
Deferred income taxes	—			8,158			13,343			—			21,501
Other liabilities	—			21,873			23,646			—			45,519
Total liabilities	4,358			623,535			305,197			(260,551		)	672,539
Shareholders’ equity (deficit):
Common stock	185			—			21			(21		)	185
Additional paid-in capital	718,837			655,934			199,452			(855,386		)	718,837
Accumulated loss	(782,087		)	(714,641		)	(182,232		)	896,873			(782,087		)
Accumulated other comprehensive income	9,772			9,772			13,364			(23,136		)	9,772
Total shareholders’ equity (deficit)	(53,293		)	(48,935		)	30,605			18,330			(53,293		)
Total liabilities and shareholders’ equity (deficit)	$	(48,935	)	$	574,600		$	335,802		$	(242,221	)	$	619,246

18

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFor the Three Months Ended June 29, 2012
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	152,875		$	73,957		$	(3,040	)	$	223,792
Costs and Expense:
Cost of goods sold (excluding depreciation and amortization)	—			126,540			61,635			(3,040		)	185,135
Selling and general (excluding depreciation and amortization)	148			14,516			6,375			—			21,039
Depreciation and amortization	—			5,532			3,101			—			8,633
Other operating charges	—			796			124			—			920
Income (loss) from operations	(148		)	5,491			2,722			—			8,065
Equity in earnings of subsidiaries	(15,444		)	(1,101		)	—			16,545			—
Interest expense	—			(13,604		)	(257		)	—			(13,861		)
Intercompany (loss) income, net	—			4,299			(4,299		)	—			—
Other income (loss), net	—			(9,882		)	1,019			—			(8,863		)
Loss before income taxes	(15,592		)	(14,797		)	(815		)	16,545			(14,659		)
Provision for income taxes	—			647			286			—			933
Net loss	$	(15,592	)	$	(15,444	)	$	(1,101	)	$	16,545		$	(15,592	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOMEFor the Three Months Ended June 29, 2012
(in thousands)

(unaudited)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(15,592	)	$	(15,444	)	$	(1,101	)	$	16,545		$	(15,592	)
Foreign currency translation adjustment	(1,165		)	(1,165		)	(699		)	1,864			(1,165		)
Net change in pension and other benefit liabilities, net of tax	85			85			23			(108		)	85
Total comprehensive loss	$	(16,672	)	$	(16,524	)	$	(1,777	)	$	18,301		$	(16,672	)

19

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFor the Three Months Ended July 1, 2011
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	158,166		$	101,434		$	(2,742	)	$	256,858
Costs and Expense:
Cost of Goods Sold (excluding depreciation and amortization)	—			130,578			84,522			(2,742		)	212,358
Selling and general (excluding depreciation and amortization)	149			15,216			8,373			—			23,738
Depreciation and amortization	—			5,724			3,785			—			9,509
Other operating charges	—			1,110			374			—			1,484
Multiemployer pension withdrawal expense	—			1,200			—			—			1,200
Income (loss) from operations	(149		)	4,338			4,380			—			8,569
Equity in earnings of subsidiaries	(1,977		)	(2,314		)	—			4,291			—
Interest expense	—			(13,605		)	(14		)	—			(13,619		)
Intercompany income (loss), net	—			4,854			(4,854		)	—			—
Other income (loss), net	—			4,813			(1,043		)	—			3,770
Loss before income taxes	(2,126		)	(1,914		)	(1,531		)	4,291			(1,280		)
Income tax provision	—			63			783			—			846
Net loss	$	(2,126	)	$	(1,977	)	$	(2,314	)	$	4,291		$	(2,126	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

For the Three Months Ended July 1, 2011

(in thousands)

(unaudited)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(2,126	)	$	(1,977	)	$	(2,314	)	$	4,291		$	(2,126	)
Foreign currency translation adjustment	463			463			132			(595		)	463
Amortization of actuarial net loss, net of tax	21			21			—			(21		)	21
Comprehensive loss	$	(1,642	)	$	(1,493	)	$	(2,182	)	$	3,675		$	(1,642	)

20

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFor the Six Months Ended June 29, 2012
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	275,317		$	151,688		$	(4,530	)	$	422,475
Costs and Expense:
Cost of goods sold (excluding depreciation and amortization)	—			230,187			126,043			(4,530		)	351,700
Selling and general (excluding depreciation and amortization)	297			29,434			14,189			—			43,920
Depreciation and amortization	—			11,084			6,230			—			17,314
Other operating charges	—			1,077			685			—			1,762
Income (loss) from operations	(297		)	3,535			4,541			—			7,779
Equity in earnings of subsidiaries	(23,415		)	(4,090		)	—			27,505			—
Interest expense	—			(26,914		)	(483		)	—			(27,397		)
Intercompany income (loss), net	—			8,672			(8,672		)	—			—
Other (loss) income, net	—			(3,545		)	726			—			(2,819		)
Loss before income taxes	(23,712		)	(22,342		)	(3,888		)	27,505			(22,437		)
Provision for income taxes	—			1,073			202			—			1,275
Net loss	$	(23,712	)	$	(23,415	)	$	(4,090	)	$	27,505		$	(23,712	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOMEFor the Six Months Ended June 29, 2012
(in thousands)

(unaudited)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(23,712	)	$	(23,415	)	$	(4,090	)	$	27,505		$	(23,712	)
Foreign currency translation adjustment	(202		)	(202		)	86			116			(202		)
Net change in pension and other benefit liabilities, net of tax	170			170			46			(216		)	170
Total comprehensive loss	$	(23,744	)	$	(23,447	)	$	(3,958	)	$	27,405		$	(23,744	)

21

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFor the Six Months Ended July 1, 2011
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	283,120		$	189,196		$	(5,079	)	$	467,237
Costs and Expense:
Cost of Goods Sold (excluding depreciation and amortization)	—			235,825			155,495			(5,079		)	386,241
Selling and general (excluding depreciation and amortization)	297			30,453			17,018			—			47,768
Depreciation and amortization	—			11,416			7,330			—			18,746
Other operating charges	—			3,527			374			—			3,901
Multiemployer pension withdrawal expense	—			1,200			—			—			1,200
Income (loss) from operations	(297		)	699			8,979			—			9,381
Equity in earnings of subsidiaries	(10,160		)	3,084			—			7,076			—
Interest expense	—			(25,987		)	(2,765		)	—			(28,752		)
Intercompany income (loss), net	—			5,484			(5,484		)	—			—
Other income, net	—			6,303			2,353			—			8,656
(Loss) income before income taxes	(10,457		)	(10,417		)	3,083			7,076			(10,715		)
Income tax benefit	—			(257		)	(1		)	—			(258		)
Net (loss) income	$	(10,457	)	$	(10,160	)	$	3,084		$	7,076		$	(10,457	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

For the Six Months Ended July 1, 2011

(in thousands)

(unaudited)

	Parent			Issuer			Non-Guarantor		Eliminations			Total
Net (loss) income	$	(10,457	)	$	(10,160	)	$	3,084	$	7,076		$	(10,457	)
Foreign currency translation adjustment	4,759			4,759			4,497		(9,256		)	4,759
Net change in pension and other benefit liabilities, net of tax	21			21			—		(21		)	21
Total comprehensive (loss) income	$	(5,677	)	$	(5,380	)	$	7,581	$	(2,201	)	$	(5,677	)

22

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFor the Six Months Ended June 29, 2012
(in thousands)

	Parent		Issuer			Non-Guarantor			Eliminations		Total
Net cash (used in) provided by operating activities	$	—	$	(22,914	)	$	1,527		$	—	$	(21,387	)
Cash flows from investing activities:
Proceeds from sale of assets	—		1,231			2			—		1,233
Capital expenditures	—		(1,365		)	(1,282		)	—		(2,647		)
Net cash used in investing activities	—		(134		)	(1,280		)	—		(1,414		)
Cash flows from financing activities:
Changes in cash overdraft	—		3,027			—			—		3,027
Net borrowings on ABL Credit Facility	—		17,635			—			—		17,635
Debt issuance costs	—		—			(47		)	—		(47		)
Due (to) from affiliates	—		1,581			(1,581		)	—		—
Net cash provided by (used in) financing activities	—		22,243			(1,628		)	—		20,615
Effect of exchange rate changes on cash	—		—			(240		)	—		(240		)
Net decrease in cash and cash equivalents	—		(805		)	(1,621		)	—		(2,426		)
Cash and cash equivalents at beginning of period	—		962			13,365			—		14,327
Cash and cash equivalents at end of period	$	—	$	157		$	11,744		$	—	$	11,901

23

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWSFor the Six Months Ended July 1, 2011
(in thousands)

	Parent		Issuer			Non-Guarantor			Eliminations			Total
Net cash used in operating activities	$	—	$	(3,191	)	$	(6,545	)	$	—		$	(9,736	)
Cash flows from investing activities:
Proceeds from sale of assets	—		64			—			—			64
Capital expenditures	—		(3,977		)	(2,013		)	—			(5,990		)
Contributed capital to subsidiaries	—		(88,096		)	—			88,096			—
Return of capital from subsidiaries	—		151,083			—			(151,083		)	—
Net cash (used in) provided by investing activities	—		59,074			(2,013		)	(62,987		)	(5,926		)
Cash flows from financing activities:
Changes in cash overdrafts	—		1,690			—			—			1,690
Net borrowings on ABL Credit Facility	—		25,931			—			—			25,931
Net repayments on First Lien Credit Facility	—		(302,394		)	(109,634		)	—			(412,028		)
Borrowings under Senior Secured Notes	—		375,000			—			—			375,000
Borrowings under Senior Unsecured Notes	—		19,812			—			—			19,812
Contributed capital to subsidiaries	—		—			88,096			(88,096		)	—
Return of capital	—		—			(151,083		)	151,083			—
Debt issuance costs	—		(10,476		)	—			—			(10,476		)
Due (to) from affiliates	—		(173,597		)	173,597			—			—
Net cash (used in) provided by financing activities	—		(64,034		)	976			62,987			(71		)
Effect of exchange rate changes on cash	—		—			2,734			—			2,734
Net decrease in cash and cash equivalents	—		(8,151		)	(4,848		)	—			(12,999		)
Cash and cash equivalents at beginning of period	—		8,271			16,631			—			24,902
Cash and cash equivalents at end of period	$	—	$	120		$	11,783		$	—		$	11,903

24

Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

Certain statements contained in this document are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements related to plans for future business development activities, anticipated costs of revenues, product mix, research and development and selling, general and administrative activities, and liquidity and capital needs and resources. When used in this report, the words “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” and similar expressions are generally intended to identify forward-looking statements. You should not place undue reliance on these forward-looking statements, which only speak as of the date of this quarterly report. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.

Business Overview

We are a leading international producer of metal and vinyl products sold to the residential repair and remodel, commercial construction and recreational vehicle (RV) markets primarily in North America and Europe. We are a leader in several niche product categories, including preformed roof-drainage products sold in the U.S., metal roofing and siding for post frame construction in the U.S., and aluminum siding for towable RVs in the U.S. and Europe.

Our customers are located predominantly throughout North America and Europe and include distributors, contractors and home improvement retailers, as well as RV, transportation and other original equipment manufacturers, or OEMs. We have extensive in-house manufacturing and distribution capabilities for our more than 10,000 unique products and operate through a network consisting of 38 facilities, including 32 located in North America and six located in Europe. We have over 50 years of experience manufacturing building products and RV exterior components, including our time as a division of our former parent, Alumax Inc., or Alumax, a fully integrated aluminum producer acquired by Alcoa Inc. in 1998. We have operated as an independent company since 1996 when our division was acquired in a management-led buyout.

Results of Operations

Our financial performance is affected by, among other factors, underlying trends in the United States and Europe that influence demand for products sold to residential repair and remodeling, commercial construction and RV markets.

• Our building products sold for residential repair and remodeling activities include roof drainage products, vinyl windows, patios and awnings, and doors. Projects that utilize many of our roof drainage repair and remodeling products are often low cost activities that are necessary to prevent home damage as a result of wear and tear or weather damage. Roof drainage repair projects are often low cost and non‑discretionary in nature. Repair and remodeling activity related to products other than roof drainage are typically higher cost and driven by turnover and aging of housing stock, consumer sentiment, availability of home equity and consumer financing and, in the case of our vinyl window products, consumer interest in energy efficiency.

• Our building products sold for commercial construction include, in the United States, light gauge steel and aluminum roofing and siding panels, trim and hardware and, in Europe, the Middle East and Asia, roll coated aluminum coil and sheet. Demand for these products is driven by consumer confidence, interest rates, consumer disposable income, the strength of agricultural markets, consumer access to affordable financing and commercial construction trends.

• Our commercial products sold to the RV market include siding and roofing. Demand for these RV products is driven by trends in disposable income, interest rates and general economic conditions, as well as similar demographic trends relating to the increased proportion of the United States and European population in the 55 through 74 year old age group, who serve as an important source of demand for our RV products.

25

Our sales volumes have historically been higher in the second quarter and third quarters due to the seasonal demand of the building products markets served. Our working capital needs have been at their highest during these periods as well.

Segment Information

We manage our business and serve our customers through reportable segments differentiated by product type, end market, and geography. In the first quarter of 2012, we completed a reorganization of our U.S. operational structure. The reorganization included the consolidation of all U.S. operating companies into one legal entity and realigned reporting and management responsibilities based upon the Company's residential and commercial product offerings. As a result of the restructuring, we have identified two U.S. reporting segments; U.S. Residential Products and U.S. Commercial Products. Prior to this restructuring, our reporting segments consisted of U.S. Residential Building Products, U.S. Non-Residential Building Products and U.S. RV and Specialty Building Products. Our second quarter 2011 results have been adjusted to reflect the Company's change in reportable segments. These organizational changes did not impact our European reportable segments.

Our four reportable segments are described below:

U.S. Residential Products—The U.S. Residential Products segment utilizes aluminum, steel, copper and vinyl to produce residential roof drainage products, including preformed gutters, downspouts, elbows, soffit, drip edge, fascia, flashing, snow guards and related accessories. These products are used primarily for the repair, replacement or enhancement of residential roof drainage systems. We sell these products to home improvement retailers, lumber yards, distributors and contractors from manufacturing and distribution facilities throughout North America. We also produce specialty made-to-order vinyl replacement windows and aluminum patio and awning components sold primarily to home improvement contractors in the Western U.S.

U.S. Commercial Products—The U.S. Commercial Products segment utilizes various materials, including steel coil, aluminum coil and fiberglass to create various products with commercial applications, including roofing and siding panels, ridge caps, flashing, trim, soffit and other accessories as well sidewall components, siding and other exterior components for the towable RV, cargo and manufactured housing markets. We sell these products to builders, contractors, lumber yards, home improvement retailers, OEM's, and RV manufacturers from manufacturing and distribution facilities located throughout the U.S. These products are used in the construction of a wide variety of small scale non-residential, agricultural and industrial building types on either wood or metal frames, manufactured homes, and towable RVs.

European Roll Coated Aluminum—The European Roll Coated Aluminum segment uses a roll coating process to apply paint to bare aluminum coil and, to a lesser extent, bare steel coil in order to produce specialty coated coil, which the Company also processes into specialty coated sheets and panels. We sell these products to building panel manufacturers, contractors and UK “holiday home,” RV and transportation OEMs throughout Europe and in parts of Asia. Our customers use our specialty coated metal products to manufacture, among other things, RV sidewalls, commercial roofing panels, interior ceiling panels, and liner panels for shipping containers. We produce and distribute these roll coated products from facilities located in the Netherlands and the UK.

European Engineered Products—The European Engineered Products segment utilizes aluminum and vinyl extrusions to produce residential windows, doors and shower enclosures. These products are sold to home improvement retailers, distributors and factory‑built “holiday home” builders in the UK. We also produce windows used in the operator compartments of heavy equipment, components sold to suppliers to automotive OEMs in Western Europe and RV doors. We produce and distribute these engineered products from facilities in France and in the UK and have developed extensive in-house manufacturing capabilities, including powder coating, glass cutting, anodizing and glass toughening.

26

Three months ended June 29, 2012 Compared to the Three months ended July 1, 2011.

The following table sets forth net sales and income (loss) from operations data by segment for the three months ended June 29, 2012 and July 1, 2011:

	Net Sales						Income (loss) from Operations
	Three Months Ended						Three Months Ended
	June 29, 2012		July 1, 2011		Increase (Decrease)		June 29, 2012			July 1, 2011			Increase (Decrease)
	(Dollars in millions)
U.S. Residential Products	$	76.6	$	82.9	(7.6	)%	$	7.5		$	7.2		4.2%
U.S. Commercial Products	78.8		78.1		0.9	%	1.5			2.2			(31.8)%
European Roll Coated Aluminum	49.3		72.6		(32.1	)%	3.3			4.6			(28.3)%
European Engineered Products	19.1		23.3		(18.0	)%	(0.5		)	—			N/A
Other Non-Allocated	—		—		—	%	(3.7		)	(5.4		)	31.5%
Totals	$	223.8	$	256.9	(12.9	)%	$	8.1		$	8.6		(5.8)%

Net Sales. Net sales include revenue recognized from the sales of our products less provisions for returns, allowances, rebates and discounts. Our net sales declined$33.1 million, or 12.9%, to $223.8 million in the second quarter of 2012 compared to $256.9 million in the second quarter of 2011. Net sales in our European Roll Coated Aluminum and European Engineered Product segment were negatively impacted by economic uncertainty throughout Europe which has resulted in delays of architectural and industrial products and reduced consumer confidence. The weakening of the euro and British pound sterling against the U.S. dollar also resulted in an approximate $6.7 million decline in net sales during the quarter. Net sales of our U.S. Residential Products segment have declined in the second quarter of 2012 compared to the second quarter of 2011, while net sales of our U.S. Commercial Products increased slightly compared to second quarter 2011.

Total net sales for our U.S. segments declined$5.6 million, or 3.5%, to $155.4 million in the second quarter of 2012 compared to $161.0 million in the second quarter of 2011.

Net sales of our U.S. Residential Products segment declined$6.3 million, or 7.6%, to $76.6 million in the second quarter of 2012 compared to $82.9 million in the second quarter of 2011. Declining demand from distributors and home centers for our roof drainage, roof edge and related products resulted in lower net sales in the second quarter of 2012. Demand was negatively impacted by severe drought conditions throughout much of the U.S. Demand in the second quarter of 2012 was further impacted by mild winter weather in the first quarter of 2012, which benefited our first quarter results by accelerating sales activity generally occurring during second quarter. Net sales were also negatively impacted by declining demand for vinyl windows and patio components sold to contractors, which continue to be impacted by economic uncertainty affecting consumer demand for higher end repair, remodel and replacement projects.

Net sales of our U.S. Commercial Products segment increased$0.7 million, or 0.9%, to $78.8 million in the second quarter of 2012 compared to $78.1 million in the second quarter of 2011. Net sales increases are primarily due to higher demand for steel and aluminum roofing and siding sold to distributors, contractors, lumber yards, and builders in the post frame construction markets during the second quarter of 2012. Sales volumes for aluminum, steel, fiberglass and laminated products from original equipment manufacturers in the RV and transportation markets also increased in the current quarter. Net sales increases were partially offset by lower demand from distributors for specialty coated aluminum coil and declines in sales volumes of RV doors as a result of our decision to exit the U.S. RV door product line during the first quarter of 2012.

Total net sales for our European segments declined$27.5 million, or 28.7%, to $68.4 million in the second quarter of 2012 compared to $95.9 million in the second quarter of 2011. Net sales declines were primarily the result of weakening demand as a result of continuing economic uncertainty across Europe. The economic crisis has resulted in the delay of architectural and industrial projects and lower consumer confidence has resulted in declining demand for holiday home and caravan production throughout Europe. Additionally, the weakening of the euro and British pound sterling against the U.S. dollar resulted in lower net sales of approximately $6.7 million compared to the second quarter of 2011.

27

Net sales of our European Roll Coated Aluminum segment declined$23.3 million, or 32.1%, to $49.3 million in the second quarter of 2012 compared to $72.6 million in the second quarter of 2011. The decline in net sales was primarily due to lower demand for specialty coated coil and panels used in architectural and industrial projects and for specialty coated coils and panels sold to OEMs in the transportation industry. Demand in these markets has been negatively impacted by the continuing economic crisis in Europe which has resulted in delays in architectural and other large scale projects as a result of economic uncertainty. The weakening of the euro and British pound sterling against the U.S. dollar resulted in lower net sales of $5.1 million compared to the second quarter of 2011. Sales volume in the RV market increased slightly over the prior year quarter, primarily driven by demand in Germany where consumer confidence remained relatively strong.

Net sales of our European Engineered Products segment declined$4.2 million, or 18.0%, to $19.1 million in the second quarter of 2012 compared to $23.3 million in the second quarter of 2011. Demand in this segment has been negatively impacted by the continuing economic crisis in Europe. Specifically, declines in net sales were primarily the result of lower demand for residential windows, doors and shower enclosures sold to distributors and factory built holiday home builders in the United Kingdom. These declines were primarily the result of lower levels of holiday home production and consumer spending in the UK market. Declines in demand for engineered transportation components sold to suppliers in the compact vehicle market also negatively impacted first quarter sales. Sales declines in these markets were partially offset by increased demand for windows used in the operating compartments of heavy equipment. Weakening of foreign currencies, primarily the euro and British pound sterling, against the U.S. dollar also resulted in lower net sales of approximately $1.5 million compared to the second quarter of 2011.

Cost of Goods Sold. Cost of goods sold includes the cost of raw materials, manufacturing labor, packaging, utilities, freight, maintenance and other elements of manufacturing overhead. Cost of goods sold declined$27.3 million, or 12.9%, to $185.1 million in the second quarter of 2012 compared to $212.4 million in the second quarter of 2011. The decline in cost of goods sold is primarily related to volume declines in our European segments and in our US Residential Products segment. The weakening of the euro and British pound sterling against the U.S. dollar resulted in lower cost of goods sold of approximately$5.5 million. These declines were partially offset by increases in cost of goods sold in our U.S. Commercial Products segment over the second quarter of 2011, primarily reflecting the impact of lower cost steel consumed in the production process during the prior year quarter and slightly higher sales volumes during the second quarter of 2012.

Selling and General. Selling and general expenses include salaries, benefits, incentive compensation, insurance, travel and entertainment and other administrative costs. Selling and general expenses declined$2.7 million, or 11.4%, to $21.0 million in the second quarter of 2012 compared to $23.7 million in the second quarter of 2011. The consolidation of operations at multiple U.S. plant locations during 2011 and the simplification of our U.S. organizational structure resulted in an overall reduction in selling and general costs during the second quarter of 2012. The weakening of the euro and British pound sterling against the U.S. dollar also decreased selling and general expenses $0.5 million compared to the second quarter of 2011.

Depreciation and Amortization. Depreciation and amortization declined$0.9 million, or 9.5%, to $8.6 million in the second quarter of 2012 compared to $9.5 million in the second quarter of 2011.

Other Operating Charges. Other operating charges includes costs related to restructuring initiatives including facility closures, relocation, and severance costs. Other operating charges declined$0.6 million to $0.9 million in the second quarter of 2012 compared to $1.5 million in the second quarter of 2011.

In the second quarter of 2012, other operating charges of approximately $0.9 million included $0.5 million of legal and professional fees related to our North American reorganization and $0.4 million of severance and relocation costs related to restructuring and cost savings initiatives in both the U.S. and Europe.

In the second quarter of 2011, other operating charges of $1.5 million consisted primarily of restructuring initiatives including facility closures, relocation, and severance costs intended to reduce overhead and streamline operations.

Multiemployer pension withdrawal expense. In the second quarter of 2011, we recorded a $1.2 million charge in our U.S. Residential Products segment for liabilities associated with the early withdrawal from a multiemployer pension plan covering hourly employees in our Romeoville, IL facility. The liability represents the present value of estimated future payments for our proportionate share of unfunded vested benefits under the multiemployer plan.

28

Income (Loss) from Operations. As a result of the aforementioned items, our income from operations declined$0.5 million, to $8.1 million in the second quarter of 2012 compared to $8.6 million for the second quarter of 2011.

Income from operations of our U.S. Residential Products segment increased$0.3 million, or 4.2%, to $7.5 million for the second quarter of 2012 compared to $7.2 million for the second quarter of 2011. This increase is primarily related to a $1.2 million charge in the second quarter of 2011 for the early withdrawal from a multiemployer pension plan. Lower selling and general costs as a result of the consolidation of plant locations and the organizational simplification of our U.S. operating structure in 2011 and declining aluminum costs in the second quarter of 2012 also contributed to the improvement in operating income. These improvements in operating income were generally offset by declining volume in the second quarter of 2012.

Income from operations of our U.S. Commercial Products segment declined$0.7 million to income of $1.5 million for the second quarter of 2012 compared to income of $2.2 million in the second quarter of 2011. This decline is primarily the result of higher cost of goods sold in the second quarter of 2012 compared to the second quarter of 2011 due to higher steel costs. Operating income in the second quarter of 2011 benefited from the FIFO impact of lower cost steel consumed in production during the period when sales prices were increasing. Operating margins in our U.S. Commercial Products segment generally benefit during periods of rising steel costs. We estimate this negatively impacted income from operations by approximately $2.4 million compared to the second quarter of 2011. These declines were partially offset by a reduction in selling and general costs related to organizational initiatives to simplify the U.S. operating structure and consolidate operations at certain plant locations during 2011; higher sales volumes in the post frame construction markets; and improved margins in the RV and transportation markets.

Income from operations of our European Roll Coated Aluminum segment declined$1.3 million to $3.3 million in the second quarter of 2012 compared to $4.6 million in the second quarter of 2011. Lower sales volumes were the primary driver of the decline in operating income in the current quarter. These declines were partially offset by lower selling and general costs as a result of cost savings initiatives to reduce overhead and other operating costs in response to the continuing economic uncertainty throughout Europe.

(Loss) income from operations of our European Engineered Products segment declined$0.5 million to a loss of $(0.5) million for the second quarter of 2012 compared to the second quarter of 2011. The decline was primarily due to lower sales volumes in this segment offset by lower labor and overhead costs and selling and general expenses in the second quarter of 2012.

Interest Expense. Interest expense increased$0.3 million, or 2.2%, to $13.9 million in the second quarter of 2012 compared to $13.6 million in the second quarter of 2011.

Other Income (Loss), Net. Other income (loss), net includes translation gains and losses on intercompany obligations, gains and losses on asset disposals, interest income and other income or expense items of a non-operating nature. Other loss in the second quarter of 2012 of $(8.9) million consisted primarily of translation losses on intercompany obligations due to the weakening of the euro compared to the U.S. dollar totaling $(9.2) million, which were partially offset by gains of approximately $0.3 million on forward foreign currency contracts. Other income, net in the second quarter of 2011 of $3.8 million included translation gains on intercompany obligations of $3.7 million and an approximate $0.1 million gain on forward foreign currency contracts.

Provision (Benefit) for Income Taxes. We reported income tax provision of $0.9 million for the second quarter of 2012 compared to a provision of $0.8 million for the second quarter of 2011. Our effective tax rates were 6.4% for the three months ended June 29, 2012 and 66.1% for the three months ended July 1, 2011.

The effective rate for the second quarter of 2012 differed from the U.S. statutory rate primarily due to state income taxes, lower tax rates of our foreign operations as compared to the U.S. federal rates, U.S. tax impact of foreign dividends and non-deductible foreign currency transaction gains and losses, and valuation allowances related to net losses in the UK and for U.S. federal and state net operating losses.

The effective rate for the second quarter of 2011 differed from the U.S. statutory rate primarily due to state income taxes, lower tax rates of our foreign operations as compared to the U.S. federal rates, U.S. tax impact of foreign dividends and non-deductible foreign currency transaction gains and losses, and valuation allowances set up on the U.S. federal and state net operating losses.

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Our effective tax rate reflects a full valuation allowance on losses in the United States. Without a valuation allowance, earnings from the United States are generally taxed at rates higher than the foreign statutory tax rates. The 2012 effective tax rate reflects a full valuation allowance on losses in the United Kingdom. A change in the mix of pretax income from the various tax jurisdictions can have a significant impact on our periodic effective tax rate.

Net Loss. Our net loss was $15.6 million for the second quarter of 2012, as compared to a net loss of $2.1 million for the second quarter of 2011.

Six months ended June 29, 2012 Compared to the Six months ended July 1, 2011.

The following table sets forth net sales and income (loss) from operations data by segment for the six months ended June 29, 2012 and July 1, 2011:

	Net Sales						Income (loss) from Operations
	Six Months Ended						Six Months Ended
	June 29, 2012		July 1, 2011		Increase (Decrease)		June 29, 2012			July 1, 2011			Increase (Decrease)
	(Dollars in millions)
U.S. Residential Products	$	137.2	$	143.1	(4.1	)%	$	10.8		$	10.1		6.9%
U.S. Commercial Products	142.9		144.9		(1.4	)%	(1.5		)	—			N/A
European Roll Coated Aluminum	103.5		133.0		(22.2	)%	5.9			9.4			(37.2)%
European Engineered Products	38.9		46.2		(15.8	)%	(0.8		)	0.5			(260.0)%
Other Non-Allocated	—		—		—	%	(6.6		)	(10.6		)	37.7%
Totals	$	422.5	$	467.2	(9.6	)%	$	7.8		$	9.4		(17.0)%

Net Sales. Net sales include revenue recognized from the sales of our products less provisions for returns, allowances, rebates and discounts. Our net sales declined$44.7 million, or 9.6%, to $422.5 million in the first half of 2012 compared to $467.2 million in the first half of 2011. Net sales continued to be negatively impacted by economic uncertainty throughout Europe which has resulted in delays of architectural and industrial products and reduced consumer confidence. Foreign currency fluctuations also contributed to a $9.7 million decrease in net sales compared to the prior year period. Net sales of our U.S. Residential Products and U.S. Commercial Products have also declined in the first half of 2012 compared to the first half of 2011.

Total net sales for our U.S. segments declined$7.9 million, or 2.7%, to $280.1 million in the first half of 2012 compared to $288.0 million in the first half of 2011.

Net sales of our U.S. Residential Products segment declined$5.9 million, or 4.1%, to $137.2 million in the first half of 2012 compared to $143.1 million in the first half of 2011. This decline in net sales is primarily due to lower demand in the home center market and declines in demand for vinyl windows and patio components sold to home improvement contractors. Severe drought conditions throughout much of the U.S. in the first half of 2012 contributed to the decline in demand for our roof drainage, roof edge and related products. Home center volume declines in the first half of 2012 also included the impact of inventory building during the first half of 2011 at certain retailers which resulted in higher level of inventory on hand at store locations and lower sales volume for the balance of 2011. Demand for our vinyl window and patio components continue to be impacted by economic uncertainty affecting consumer demand for higher end repair, remodel and replacement projects. Demand from distributors for our roof drainage, roof edge and related products was relatively flat compared to the first half of 2011. Sales price declines as a result of lower aluminum raw material costs also contributed to the net sales decline.

Net sales of our U.S. Commercial Products segment declined$2.0 million, or 1.4%, to $142.9 million in the first half of 2012 compared to $144.9 million in the first half of 2011. Overall demand for our U.S Commercial Products segment increased in the second half of 2012, primarily for our steel and aluminum roofing and siding sold to distributors, contractors, lumber yards, and builders in both the post frame construction and industrial and architectural markets. Demand for aluminum, steel, fiberglass and laminated products sold to original equipment manufacturers in the RV and transportation markets also increased. These increases in net sales were offset by lower demand from distributors for specialty coated aluminum coil and declines in sales volumes of RV doors as a result of our decision to exit the U.S. RV door product line during the first half of 2012. Declines in steel prices during the first half of 2012 also contributed to the overall net sales decrease.

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Total net sales for our European segments declined$36.8 million, or 20.5%, to $142.4 million in the first half of 2012 compared to $179.2 million in the first half of 2011. Net sales declines were primarily the result of weakening demand as a result of continuing economic uncertainty throughout Europe. The economic crisis has resulted in the delay of architectural and industrial projects and lower consumer confidence has resulted in declining demand for holiday home and caravan production throughout Europe. Additionally, the weakening of the euro and British pound sterling against the U.S. dollar resulted in lower net sales of approximately $9.7 million compared to the first half of 2011.

Net sales of our European Roll Coated Aluminum segment declined$29.5 million, or 22.2%, to $103.5 million in the first half of 2012 compared to $133.0 million in the first half of 2011. The decline in net sales was primarily due to lower demand for specialty coated coil and panels used in architectural and industrial projects and for specialty coated coils and panels sold to OEMs in the transportation industry. Demand in these markets has been negatively impacted by the continuing economic crisis in Europe which has resulted in delays in architectural and other large scale projects as a result of economic uncertainty. The weakening of the euro and British pound sterling against the U.S. dollar resulted in lower net sales of $7.4 million compared to the first half of 2011. Sales volume in the RV market increased slightly over the first half of the prior year, primarily driven by demand in Germany where consumer confidence remained relatively strong.

Net sales of our European Engineered Products segment declined$7.3 million, or 15.8%, to $38.9 million in the first half of 2012 compared to $46.2 million in the first half of 2011. Demand in this segment has been negatively impacted by the continuing economic crisis in Europe. Specifically, declines in net sales were primarily the result of lower demand for residential windows, doors and shower enclosures sold to distributors and factory built holiday home builders in the United Kingdom. These declines were primarily the result of lower levels of holiday home production and consumer spending in the UK market. Declines in demand for engineered transportation components sold to suppliers in the compact vehicle market also negatively impacted sales for the first half of 2012. Sales declines in these markets were partially offset by increased demand for windows used in the operating compartments of heavy equipment. Weakening of foreign currencies, primarily the euro and British pound sterling, against the U.S. dollar also resulted in lower net sales of approximately $2.3 million compared to the first half of 2011.

Cost of Goods Sold. Cost of goods sold includes the cost of raw materials, manufacturing labor, packaging, utilities, freight, maintenance and other elements of manufacturing overhead. Cost of goods sold declined$34.5 million, or 8.9%, to $351.7 million in the first half of 2012 compared to $386.2 million in the first half of 2011. The decline in cost of goods sold is primarily related to volume declines in our European segments and in our US Residential Products segment. The weakening of the euro and British pound sterling against the U.S. dollar resulted in lower cost of goods sold of approximately $8.1 million.

Selling and General. Selling and general expenses include salaries, benefits, incentive compensation, insurance, travel and entertainment and other administrative costs. Selling and general expenses declined$3.9 million, or 8.2%, to $43.9 million in the first half of 2012 compared to $47.8 million in the first half of 2011. The consolidation of operations at multiple U.S. plant locations during 2011, the simplification of our U.S. organizational structure, and restructuring and cost saving initiatives in Europe resulted in an overall reduction in selling and general costs during the first half of 2012. The weakening of the euro and British pound sterling against the U.S. dollar also decreased selling and general expenses of approximately $0.8 million compared to the first half of 2011.

Depreciation and Amortization. Depreciation and amortization declined$1.4 million, or 7.5%, to $17.3 million in the first half of 2012 compared to $18.7 million in the first half of 2011.

Other Operating Charges. Other operating charges includes costs related to restructuring initiatives including facility closures, relocation, and severance costs. Other operating charges declined$2.1 million to $1.8 million in the first half of 2012 compared to $3.9 million in the first half of 2011.

In the first half of 2012, other operating charges included charges of $1.2 million related to cost savings initiatives and restructuring activities in our European and U.S. segments and $0.6 million of non-recurring legal and professional fees related to the Company's North American reorganization.

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In the first half of 2011, other operating charges of $3.9 million included approximately $2.3 million of tax consulting and legal and professional fees incurred as part of our debt refinancing. As a result of these initiatives we removed restrictive financial covenants, significantly reduced interest costs, and provided extended maturity dates. Approximately $1.4 million was incurred for restructuring initiatives including facility closures, relocation, and severance costs intended to reduce overhead and streamline operations. The remaining $0.2 million represents tax consulting and legal and professional fees related to the restructuring and simplification of our legal entity structure in Europe.

Multiemployer pension withdrawal expense. In the second quarter of 2011, we recorded a $1.2 million charge in our U.S. Residential Products segment for liabilities associated with the early withdrawal from a multiemployer pension plan covering hourly employees in our Romeoville, IL facility. The liability represents the present value of estimated future payments for our proportionate share of unfunded vested benefits under the multiemployer plan.

Income (loss) from Operations. As a result of the aforementioned items, our income from operations declined$1.6 million, to $7.8 million in the first half of 2012 compared to $9.4 million for the first half of 2011.

Income from operations of our U.S. Residential Products segment increased$0.7 million, or 6.9%, to $10.8 million for the first half of 2012 compared to $10.1 million for the first half of 2011. Approximately, $1.2 million of the increase in operating income was related to a $1.2 million charge recorded in the second quarter of 2011 for the early withdrawal from a multiemployer pension plan. No such charges were incurred in the first half of 2012. Income from operations also increased as a result of lower selling and general costs due to the consolidation of plant locations and the organizational simplification of our U.S. operating structure late in 2011. These increases were offset by decreases in net sales as a result of lower demand in the first half of 2012.

(Loss) income from operations of our U.S. Commercial Products segment declined$1.5 million to a loss of $(1.5) million for the first half of 2012 compared to the first half of 2011. This decline is primarily the result of higher cost of goods sold in the first half of 2012 compared to the second quarter of 2011 due to higher steel costs. Operating income in the first half of 2011 benefited from the FIFO impact of lower cost steel consumed in production during the period when sales prices were increasing. Operating margins in our U.S. Commercial Products segment generally benefit during periods of rising steel costs. Quality issues from a large raw material supplier in the first half of 2012 also resulted in additional costs of approximately $0.6 million as the Company had to use alternative supply sources at increased costs. These declines were partially offset by a reduction in selling and general costs related to organizational initiatives to simplify the U.S. operating structure and consolidate operations at certain plant locations during 2011; higher sales volumes in the post frame construction markets; and improved margins in the RV and transportation markets.

Income from operations of our European Roll Coated Aluminum segment declined$3.5 million to $5.9 million in the first half of 2012 compared to $9.4 million in the first half of 2011. Lower sales volumes were the primary driver of the decline in operating income in the current quarter. Additionally, selling and general costs remained relatively flat compared to the prior year quarter due to the economic crisis in Europe and uncertainty regarding the timing of recovery in our end markets.

(Loss) income from operations of our European Engineered Products segment declined$1.3 million to a loss of $(0.8) million for the first half of 2012 compared to income of $0.5 million for the first half of 2011. The decline was primarily due to lower sales volumes in this segment offset by slightly lower labor and overhead costs and selling and general expenses in the first half of 2012.

Interest Expense. Interest expense declined$1.4 million, or 4.9%, to $27.4 million in the first half of 2012 compared to $28.8 million in the first half of 2011. The decline in interest expense is primarily related to the Company's issuance, in March of 2011, of Senior Secured Notes at an interest rate of 9.5% and the Senior Unsecured Credit Facility at an interest rate of 12.25%. The proceeds of these issuances were used to settle outstanding amounts under the Company’s First Lien Credit Agreement, which carried a higher rate of interest.

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Other Income (Loss), Net. Other income (loss), net includes translation gains and losses on intercompany obligations, gains and losses on asset disposals, interest income and other income or expense items of a non-operating nature. Other loss in the first half of 2012 of $(2.8) million included approximately $3.5 million of translation losses on intercompany obligations due to the weakening of the euro compared to the U.S. dollar. Translation losses were partially offset by a $0.5 million gain on the sale of assets associated with the decision to exit our U.S. RV door product line in the Commercial Products segment, during the first half of 2012 and a $0.1 million gain on forward foreign currency contracts. Other income in the first half of 2011 of $8.7 million included translation gains on intercompany obligations of $10.1 million, which was partially offset by a $1.5 million loss on extinguishment of indebtedness under the First Lien Credit Agreement primarily related to the write-off of capitalized deferred financing fees.

Provision (Benefit) for Income Taxes. We reported income tax provision of $1.3 million for the first half of 2012, as compared to a benefit of $(0.3) million for the first half of 2011. Our effective tax rates were 5.7% for the six months ended June 29, 2012 and (2.4)% for the six months ended July 1, 2011.

The effective rate for the first half of 2012 differed from the U.S. statutory rate primarily due to state income taxes, lower tax rates of our foreign operations as compared to the U.S. federal rates, U.S. tax impact of foreign dividends and non-deductible foreign currency transaction gains and losses, and valuation allowances related to net losses in the UK and for U.S. federal and state net operating losses.

The effective rate for the first half of 2011 differed from the U.S. statutory rate primarily due to state income taxes, lower tax rates of our foreign operations as compared to the U.S. federal rates, U.S. tax impact of foreign dividends and non-deductible foreign currency transaction gains and losses, and valuation allowances set up on the U.S. federal and state net operating losses.

Our effective tax rate reflects a full valuation allowance on losses in the United States. Without a valuation allowance, earnings from the United States are generally taxed at rates higher than the foreign statutory tax rates. The 2012 effective tax rate reflects a full valuation allowance on losses in the United Kingdom. A change in the mix of pretax income from the various tax jurisdictions can have a significant impact on our periodic effective tax rate.

Net Loss. Our net loss was $23.7 million for the first half of 2012, as compared to a net loss of $10.5 million for the first half of 2011.

Liquidity and Capital Resources

Our principal sources of liquidity are from cash and cash equivalents, cash from operations and borrowings under our ABL Credit Facility and Dutch Revolving Credit Facility. As of June 29, 2012, we had cash and cash equivalents of $11.9 million. Net cash used in operating activities was $(21.4) million for the six months ended June 29, 2012 compared to net cash used in operating activities of $(9.7) million for the six months ended July 1, 2011. As of June 29, 2012, we had $27.8 million outstanding and availability of $46.5 million under our revolving credit facilities.

Our ability to make debt service payments, refinance our indebtedness, maintain capital assets and satisfy our other capital and commercial commitments will depend on our ability to generate cash flow in the future. This ability, to a certain extent, is subject to general economic, financial, competitive, legislative, regulatory and other factors. While these factors are beyond our control, we frequently invest sources of liquidity with the intent of improving our ability to generate future cash flow. Such investments have, and may in the future, include product development initiatives, restructuring and growth oriented capital expenditures, and business acquisitions. We believe our June 29, 2012 cash levels, together with our cash from operations and borrowings under our revolving credit facilities will be adequate to fund our cash requirements based on our current level of operations for at least the next twelve months.

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Debt

Senior Secured Notes

Euramax International, Inc. (“Euramax”), the Company and certain domestic subsidiaries entered into a purchase agreement with Deutsche Bank Securities Inc., Gleacher & Company Securities, Inc., Wells Fargo Securities, LLC and Morgan Keegan & Company, Inc., which we refer to collectively as the Initial Purchasers, for the sale of $375 million aggregate principal amount of 9.50% Senior Secured Notes due 2016, which we refer to as the Notes, of our wholly‑owned subsidiary Euramax International, Inc. The Notes were issued at par pursuant to an indenture, or the Indenture, dated March 18, 2011, among Euramax, the Company and certain domestic subsidiaries and Wells Fargo Bank, National Association, as trustee, which we refer to as the Trustee. Euramax used the net proceeds from the Notes, together with cash on hand, the net proceeds from the Senior Unsecured Loan Facility and borrowings under the ABL Credit Facility, to repay its existing first lien credit facility in full. The Notes bear interest at 9.50% per year and mature on April 1, 2016, unless earlier redeemed or repurchased by Euramax. Interest is payable semi-annually on April 1 and October 1 of each year, beginning on October 1, 2011.

The Notes may be redeemed at Euramax International's option, in whole or in part, under the conditions specified in the Indenture plus accrued and unpaid interest to the redemption date, at the following redemption prices if redeemed during the 12‑month period beginning on April 1 of the years indicated:

Year	Percentage
2013	107.13	%
2014	104.75	%
2015 and thereafter	100.00	%

Additionally at any time on or before April 1, 2013, Euramax may redeem (a) the greater of (i) $37.5 million and (ii) up to 10% of the aggregate principal amount of the Notes at any time and from time to time, but not more than once in any 12‑month period, at a price equal to 103% of the principal amount of the Notes redeemed plus accrued and unpaid interest, if any, to the date of redemption; (b) up to 35% of the aggregate principal amount of the Notes issued with the net proceeds of certain equity offerings at a price equal to 109.5% of the principal amount of the Notes redeemed plus accrued and unpaid interest, if any, to the date of redemption; or (c) on any one or more occasions, redeem all or a part of the Notes at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus the Applicable Premium (as defined in the Indenture) , and accrued and unpaid interest, if any, to the date of redemption.

The Indenture contains restrictive covenants that limit, among other things, the ability of Euramax International and certain of its subsidiaries to incur additional indebtedness, pay dividends and make certain distributions, make other restricted payments, make investments, incur liens, consolidate, merge, sell or otherwise dispose of all or substantially all of its assets and enter into certain transactions with affiliates, in each case, subject to exclusions, and other customary covenants. The Indenture also contains customary events of default. If Euramax undergoes a change of control (as defined in the Indenture), Euramax will be required to make an offer to repurchase the notes at 101% of the principal amount of the Notes redeemed plus accrued and unpaid interest, if any, to the date of redemption.

Senior Unsecured Loan Facility

On March 3, 2011, Euramax International, Euramax Holdings, and certain of our domestic subsidiaries, as guarantors, entered into a credit and guaranty agreement for a new senior unsecured loan facility (the “Senior Unsecured Loan Facility”) in the aggregate principal amount of $125 million, which was issued at 98% of par value. The $125 million Senior Unsecured Loan Facility matures on October 1, 2016 and bears interest at 12.25% per year in the event no election is made to pay interest in kind (PIK) by increasing the principal amount of the Notes, and 14.25% (7.875% cash pay and 6.375% PIK) per annum in the event a PIK election is made. Euramax may make a PIK election for up to 6 quarters during the term of the Senior Unsecured Loan Facility. The interest rate on outstanding borrowings under the Senior Unsecured Loan Facility at June 29, 2012 was 12.25% as we have not made a PIK election.

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The Senior Unsecured Loan Facility may not be voluntarily prepaid before March 18, 2013. Thereafter, Euramax International may prepay outstanding amounts under the Senior Unsecured Loan Facility, in whole or in part, at the prices (expressed as a percentage of the loans) set forth below:

Prepayment Date	Percentage
On or after the second anniversary of the closing but prior to the third anniversary thereof	103	%
On or after the third anniversary of the closing but prior to the fourth anniversary thereof	102	%
On or after the fourth anniversary of the closing	100	%

Additionally, at any time before March 18, 2013, Euramax International may on one or more occasions prepay up to 35% of the aggregate principal amount of the loans outstanding on the closing date at 112.25%, plus accrued and unpaid interest. Upon a change of control, Euramax International may be required to repay all or a portion of the Senior Unsecured Loan Facility at a price equal to 101% of the principal amount plus accrued and unpaid interest.All obligations under the Senior Unsecured Loan Facility are unconditionally guaranteed by, Euramax Holdings and substantially all of our existing and future direct and indirect wholly‑owned domestic material restricted subsidiaries subject to certain exceptions.

The Senior Unsecured Loan Facility contains restrictive covenants that limit, among other things, the ability of Euramax International and certain of its subsidiaries to incur additional indebtedness, pay dividends and make certain distributions, make other restricted payments, make investments, incur liens, consolidate, merge, sell or otherwise dispose of all or substantially all of our assets and enter into certain transactions with affiliates, in each case, subject to exclusions, and other customary covenants.

The Senior Unsecured Loan Facility contains certain customary representations and warranties, affirmative covenants and events of default, including among other things, payment defaults, covenant defaults, cross‑defaults to certain indebtedness, certain events of bankruptcy, material judgments, and failure of any guaranty supporting the Senior Unsecured Loan Facility to be in force and effect in any material respect. If such an event of default occurs, the administrative agent would be entitled to take various actions, including the acceleration of amounts due under the Senior Unsecured Loan Facility and all actions permitted to be taken by an unsecured creditor.

ABL Credit Facility

On March 18, 2011, Euramax Holdings, Euramax International, and certain of our domestic subsidiaries as borrowers, and certain of our domestic subsidiaries as guarantors, entered into the Amended and Restated Senior Secured Revolving Credit and Guaranty Agreement, which we refer to as the ABL Credit Facility, with various lenders, Regions Bank, as Collateral and Administrative Agent, Wells Fargo Capital Finance, LLC, as Co-Collateral Agent, and Regions Business Capital, as Sole Lead Arranger and Bookrunner. The ABL Credit Facility provides for revolving credit financing of up to $70 million, subject to a borrowing base. The ABL Credit Facility matures on September 18, 2015.

Borrowings under the ABL Credit Facility bear interest at a rate per annum equal to either (a) LIBOR plus an applicable margin or (b) a base rate determined by reference to the highest of (1) the prime commercial lending rate published by Regions Bank as its “prime rate” for commercial loans, (2) the federal funds effective rate plus 0.50% and (3) the one-month LIBOR plus 1.00%, plus an applicable margin. The applicable margin is dependent upon the type of borrowings Euramax International has made under the ABL Credit Facility. At June 29, 2012, the applicable margins were 2.50% and 1.50% for LIBOR and Base Rate borrowings, respectively. The applicable margins are subject to the Company's corporate credit rating as determined from time to time by Standard and Poor’s and Moody’s Investors Service and range from 2.00% to 2.75% for LIBOR borrowings and 1.00% to 1.75% for Bank Rate borrowings. The ABL Credit Facility requires Euramax International to pay a commitment fee ranging from 0.375% to 0.5%, based on the unutilized commitments. Euramax International is also required to pay customary letter of credit fees, including, without limitation, a letter of credit fee equal to the applicable margin on revolving credit LIBOR loans and fronting fees.

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All obligations under the ABL Credit Facility are unconditionally guaranteed by Euramax Holdings and substantially all of our existing and future direct and indirect, wholly owned domestic restricted subsidiaries which are not borrowers. All obligations under the ABL Credit Facility and the guarantees of those obligations are secured, subject to certain exceptions, by a first‑priority security interest in Euramax International’s and the guarantors’ inventory and accounts receivable and related assets, which we refer to as the ABL Collateral, and a junior‑priority security interest in (i) substantially all of Euramax International’s and the guarantors’ assets (other than inventory and accounts receivable and related assets, which assets secure our ABL Credit Facility on a first priority basis) and (ii) all of Euramax International’s capital stock and the capital stock of each material domestic restricted subsidiary owned by Euramax International or a guarantor and 65% of the voting capital stock and 100% of any non-voting capital stock of foreign restricted subsidiaries directly owned by Euramax International or a guarantor, which we refer to collectively as the Notes Collateral. The security interests are granted in accordance with the Amended and Restated Pledge and Security Agreement dated March 18, 2011, by and among us, the other guarantors party thereto and Regions Bank as Agent.

The ABL Credit Facility contains affirmative and negative covenants customary for this type of financing, including, but not limited to financial covenants requiring Euramax to meet a minimum consolidated fixed charge coverage ratio of at least 1.15 to 1.00 when excess availability is less than 15% of the lesser of the aggregate amount of commitments outstanding at such time and the borrowing base. As of June 29, 2012, excess availability exceeded 15% of the borrowing base, and therefore, the Euramax International was not required to meet the minimum consolidated fixed charge coverage ratio. Additionally, restrictive covenants limit the ability of the Euramax Holdings, Inc. and certain of our subsidiaries to incur liens, incur, assume or permit to exist additional indebtedness, guarantees and other contingent obligations, consolidate, merge or sell all or substantially all of their assets, pay dividends or make other distributions, make certain loans and investments, amend or otherwise alter the terms of documents related to certain of their indebtedness, enter into transactions with affiliates and prepay certain indebtedness, in each case, subject to exclusions, and other customary covenants.

Dutch Revolving Credit Facility

In February 2012, our wholly owned subsidiary in the Netherlands, Euramax Coated Products, BV, entered into the Dutch Revolving Credit Facility, with Rabobank Roermond (Rabobank). The Dutch Revolving Credit Facility provides revolving credit financing of up to EUR 15 million and matures on April 1, 2016. Borrowings under the Dutch Revolving Credit Facility bear interest at a rate per annum which is the aggregate of the average one month Euribor rate over a calendar month plus a margin of 2% and requires payment of a Credit Fee of 0.35% per annum on the nominal amount of the credit facility. All obligations under the Dutch Revolver are secured by a mortgage on the real estate of Euramax Coated Products, BV, a pledge on present and future machinery of Euramax Coated Products, BV, and a pledge on present and future accounts receivable balances of Euramax Coated Products, BV. There were no outstanding borrowings under the Dutch Revolving Credit Facility as of June 29, 2012.

The Dutch Revolving Credit Facility contains financial and non-financial covenants customary for this type of financing. Financial Covenants include, but are not limited to a minimum annual EBITDA target and a minimum requirement for risk-bearing capital, for Euramax Coated Products, BV both measured at the Company's fiscal year-end. The Dutch Revolving Credit Facility also contains a clause limiting further indebtedness.

The First Lien Credit Facility

Our amended and restated first lien credit agreement (the “First Lien Credit Facility”) consisted of $525.3 million in term loans in the form of the Cash Pay Loan and the PIK Loan. The Cash Pay Loan and PIK Loan each included (i) a U.S. dollar term loan facility (the “U.S. Dollar Term Loan Facility”) and (ii) Euro and British pound sterling term loan facilities (together the “European Term Loan Facility”). Our subsidiaries Euramax International, Inc. and Euramax International Holdings B.V. were the borrowers (collectively, the “U.S. Borrowers”) under the U.S. Dollar Term Loan Facility. Our subsidiaries Euramax Holdings Limited, Euramax Europe B.V. and Euramax Netherlands B.V. were the borrowers (collectively, the “European Borrowers”) under the European Term Loan Facility. Outstanding amounts under the First Lien Credit Facility totaling approximately $514.7 million million were repaid in the first quarter of 2011 with the proceeds of our notes and Senior Unsecured Credit Facility.

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Covenant Ratios Contained in the Indenture Governing the Exchange Notes, the ABL Credit Facility and the Senior Unsecured Loan Facility.    

The indenture governing the exchange notes and the Senior Unsecured Loan Facility contain two material covenants which utilize financial ratios. These covenants do not require Euramax International to maintain specified ratio levels at all times or at regular intervals. However, if Euramax International elected to incur additional indebtedness under the ratio test without having availability under other debt baskets, or make restricted payments under the restricted payment covenant without having availability under our restricted payment baskets, non-compliance with these covenants could result in an event of default under the indenture and, under certain circumstances, a requirement to immediately repay all amounts outstanding under the Notes and could trigger a cross-default under our senior secured credit facilities or other indebtedness we may incur in the future. First, Euramax International is permitted to incur indebtedness under the indenture and the Senior Unsecured Loan Facility if the ratio of Consolidated Cash Flow to Fixed Charges on a pro forma basis (referred to in the indenture and the Senior Unsecured Loan Facility as the "Fixed Charge Coverage Ratio") is greater than 2:1 or, if the ratio is less, only if the indebtedness falls into specified debt baskets, including, for example, a credit agreement debt basket, an existing debt basket, a capital lease and purchase money debt basket, an intercompany debt basket, a permitted guarantee debt basket, a hedging debt basket, a receivables transaction debt basket and a general debt basket. In addition, under the indenture and Senior Unsecured Loan Facility, Euramax International is permitted to incur secured debt only if the ratio of Consolidated Secured Indebtedness to Consolidated Cash Flow on a pro forma basis (referred to in the indenture and the Senior Unsecured Loan Facility as the "Secured Debt Ratio") is equal to or less than 3.75:1.00. Second, the restricted payment covenant provides that Euramax International may declare certain dividends, or repurchase equity securities, in certain circumstances only if the Fixed Charge Coverage Ratio is greater than 2:1. In addition, under the ABL Credit Facility, Euramax International is required to meet a minimum consolidated fixed charge coverage ratio of at least 1.15:1.00 when excess availability is less than 15% of the lesser of the aggregate amount of commitments outstanding at such time and the borrowing base.

The Fixed Charge Coverage Ratio under the Indenture and the Secured Debt Ratio under the Indenture only limit the ability of Euramax International to incur additional indebtedness. Euramax International has not incurred any additional indebtedness or made any restricted payments pursuant to the provisions in the indenture and the Senior Unsecured Loan Facility that rely on such ratios. The provisions of the ABL Credit Facility, only require Euramax International to meet the minimum Fixed Charge Coverage Ratio under the ABL Credit Facility when excess availability is less than 15%. As of June 29, 2012, because excess availability under the ABL Credit Facility exceeded 15% of the borrowing base, Euramax International was not required to meet the minimum consolidated fixed charge coverage ratio under the ABL Credit Facility. The Company does not expect excess availability to fall below 15% during the next twelve months.

Cash Flows

The following table summarizes our cash flows for the six months ended June 29, 2012 and July 1, 2011:

	Six months ended
(Amounts in thousands)	June 29, 2012			July 1, 2011
Net cash used in operating activities	$	(21,387	)	$	(9,736	)
Net cash used in investing activities	(1,414		)	(5,926		)
Net cash provided by (used in) financing activities	20,615			(71		)
Effect of exchange rate changes on cash	(240		)	2,734
Net decrease in cash and cash equivalents	$	(2,426	)	$	(12,999	)

Six months ended June 29, 2012 Compared to the Six months ended July 1, 2011.

Operating Activities. Cash used in operating activities in the first half of 2012 was approximately $21.4 million compared to $9.7 million for the first half of 2011, a decline of $11.7 million. Cash used in operating activities during the first half of 2012 was primarily related to interest payments on our long term debt facilities totaling $25.9 million. In the first half of 2011, interest payments totaled approximately $13.7 million. This increase is related to the timing of the first interest payment on our Senior Secured Notes which occurred during the second quarter of 2012. Increases in working capital in the first half of 2012 are consistent with the seasonality of our business to support increases in working capital necessary to support net sales growth.

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Investing Activities. Cash used in investing activities in the first half of 2012 was $1.4 million. Capital expenditures of $2.6 million were offset by asset sales of approximately $1.2 million in the first half of 2012.

Cash used in investing activities in the first half of 2011 was $5.9 million. Capital expenditures of $6.0 million in the first half of 2011 were offset by $0.1 million of proceeds from the sale of assets.

Financing Activities. Net cash provided by financing activities during the first half of 2012 was $20.6 million and consisted primarily of net borrowings on the ABL Credit Facility and debt issuance costs associated with the Dutch Revolving Credit Facility.

Cash used in financing activities during the first half of 2011 was $0.1 million. Net borrowings under the ABL Credit Facility of $25.9 million, $1.7 million from cash overdrafts, and borrowings from the issuance of the Notes during the first half of 2011 totaling $375.0 million were offset by cash payments of $412.0 million to settle outstanding borrowings under the First Lien Credit Facility of $514.7 million. The remaining $102.7 million in outstanding loans under the First Lien Credit Facility were exchanged by various lenders along with cash of $19.8 million for $125 million aggregate principal amount of indebtedness under the Senior Unsecured Loan Facility. Payments of debt issuance costs totaled $10.5 million.

Capital Expenditures

Our capital expenditures for the first half of 2012 and the first half of 2011 were $2.6 million and $6.0 million, respectively. Capital expenditures in the first half of 2011 included approximately $1.4 million related to the implementation of our ERP system in the United States. There were no expenditures related our ERP system in the first half of 2012. The balance of capital expenditures in each period relates primarily to purchases and upgrades of coil coating, fabricating, transportation and material moving and handling equipment.

Seasonality; Inflation

Our sales have historically been seasonal, with the second and third quarters typically accounting for our highest sale volumes. First and fourth quarter sale volumes are generally lower primarily due to reduced repair and remodel activity and reduced activity in the building and construction industry as a result of colder and more inclement weather in our geographic end markets, as well as customer plant shutdowns in the RV and automotive industries during holidays and model changeovers.

Our cost of goods sold is subject to inflationary pressures and price fluctuations of the raw materials we use, particularly the cost of aluminum and steel. In addition, we are party to certain leases that contain escalator clauses contingent on increases based on changes in the Consumer Price Index. We believe that inflation and/or deflation had a minimal impact on our overall operations during the six months ended June 29, 2012 and July 1, 2011.

Working Capital Management

Working capital increased$15.7 million, or 17.4%, to $106.1 million as of June 29, 2012 from $90.4 million as of December 30, 2011. The increase in working capital is primarily attributable to seasonal increases in accounts receivable and offset by increases in accounts payable. We historically experience an increase in inventory and accounts receivable during the first half of the year as many customers in our markets increase purchases in the spring and gradually decline throughout the second half of the year.

Accounts receivable of $99.9 million as of June 29, 2012increased$16.7 million, or 20.1%, from $83.2 million as of December 30, 2011. As of June 29, 2012, days sales outstanding in accounts receivable were 40.6 days, compared to 34.5 days as of December 30, 2011. The primary reason for the increase in accounts receivable was a 12.3% increase in net sales for the two months ended June 29, 2012 compared to the two months ended December 30, 2011. The majority of outstanding receivables are generated from net sales in the preceding two months.

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Inventories of $97.9 million as of June 29, 2012increased$14.5 million, or 17.4%, from $83.4 million as of December 30, 2011, primarily as a result of seasonal increases in demand. As of June 29, 2012, days sales in inventories were 48.1 days, compared to 40.0 days as of December 30, 2011, which reflects higher inventory levels necessary to support higher sales activity.

Accounts payable of $72.1 million as of June 29, 2012increased$17.8 million, or 32.8%, from $54.3 million as of December 30, 2011. Higher accounts payable balances reflect increasing inventory levels throughout the year to support higher demand in peak seasons. Accounts payable also increased as a result of less restrictive credit terms, which increased trade credit availability, as a result of our debt refinancing during the first half of 2012.

Critical Accounting Policies

We prepare our consolidated financial statements in accordance with U.S. GAAP. In order to apply these principles, management must make judgments, assumptions and estimates based on the best available information at the time. Actual results may differ based on the accuracy of the information utilized and subsequent events. Our critical accounting policies, which are described below, could materially affect the amounts recorded in our financial statements. Management believes that the following policies are critical because they involve significant judgment, assumptions and estimates.

Allowance for Doubtful Accounts, Inventory Realizability and Obsolescence and Warranty Reserves

We record trade accounts receivable at net realizable value. This value includes an allowance for doubtful accounts based on historical experience, current economic conditions and an evaluation of the relevant customer’s credit worthiness. We charge off accounts receivable against the allowance for doubtful accounts when it is probable that the receivable will not be recovered.

Our inventories are stated at the lower of cost or market, with cost determined under the first-in, first-out (FIFO) method. Cost of manufactured inventory includes direct labor and manufacturing overhead. Market with respect to all inventories is replacement cost subject to a floor for an approximate normal profit margin on disposition.

We provide warranties on certain products. The warranty periods differ depending on the product, but generally range from one year to limited lifetime warranties. We provide accruals for warranties based on historical experience and expectations of future occurrences.

We make estimates and assumptions related to establishing reserves and allowances for doubtful accounts, for inventory obsolescence and warranty costs. Ranges of estimates are developed based upon historical experience, specifically identified conditions and management expectations for the future occurrence of certain events. In the event that actual results differ from these estimates or we adjust these estimates in future periods, adjustments to the amounts recorded could materially impact our financial position and results of operations. Historically, our experience has not been materially different than our estimates. There have been no significant changes in the assumptions used to develop our estimates in establishing reserves and allowances for doubtful accounts, inventory obsolescence and warranty costs from fiscal year 2011 and no significant changes are anticipated for fiscal year 2012.

Property, Plant, and Equipment

We record property, plant, and equipment at cost. Cost of property, plant, and equipment acquired in a business combination is recorded at fair value based on the age and current replacement cost for similar assets on the date of the acquisition. We generally expense repair and maintenance costs unless they extend the useful lives of assets. Depreciation of property, plant, and equipment is computed principally on the straight-line method over the estimated useful lives of the assets ranging from 3 to 37 years for equipment and from 17 to 25 years for buildings. Gains and losses related to the disposition of property, plant, and equipment are charged to other income or expense when incurred. Also, when events or changes in circumstances indicate that the carrying value of an asset may not be recoverable, management assesses whether there has been an impairment in the value of the asset by comparing the estimated undiscounted future cash flows expected to result from the use of the asset and its eventual disposition to the carrying amount of the asset. If the expected future cash flows are less than the carrying amount of the asset, an impairment loss is recognized based on the excess of the asset’s carrying value over its fair value. Fair value is estimated based on discounted cash flows, independent appraisals or comparable market transactions.

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Goodwill and Intangible Assets

Our goodwill represents the excess of the purchase price we pay in a business combination over the fair value of net tangible and identifiable intangible assets acquired. We test our goodwill for impairment annually on the first day of our fourth quarter, or more frequently, if events or circumstances indicate the potential for impairment. For impairment testing purposes, we have identified five reporting units at the operating segment level, primarily based upon the nature of discrete businesses comprising our operations.

We have recognized intangible assets, apart from goodwill, acquired in business combinations and resulting from certain shareholder transactions, at fair value on the date of the transactions. Indefinite lived intangible assets are not amortized, but are tested for impairment annually on the first day of our fourth quarter, or more frequently if events or circumstances indicate the potential for impairment. We amortize our intangible assets with finite lives over their useful lives based upon the pattern in which the economic benefits of the intangible assets are recognized. If that pattern cannot be determined, a straight-line amortization method is used. Intangible assets with finite lives are tested for impairment when there are indications that the carrying amount of an intangible asset may not be recoverable. We utilize an income approach to estimate the fair value of our definite and indefinite lived intangible assets to test for impairment.

Income Taxes

We account for income taxes using the asset and liability method of accounting. Under the asset and liability method, deferred income taxes are recognized for the tax consequences of “temporary differences” by applying enacted statutory tax rates applicable for future years to differences between financial statement and tax bases of existing assets and liabilities. We establish valuation allowances if we believe it is more likely than not that some or all of the deferred tax assets will not be realized. We do not recognize a tax benefit unless we conclude that it is more likely than not that the benefit will be sustained on audit by the taxing authority based solely on the technical merits of the associated tax position. If the recognition threshold is met a tax benefit is recognized and measured as the largest amount of the tax benefit that in our judgment is greater than 50 percent likely to be realized. Interest and penalties related to unrecognized tax positions are recorded in provision (benefit) for income taxes in our consolidated financial statements.

Revenue Recognition

We recognize revenue when persuasive evidence of an agreement exists, delivery has occurred, our price to the buyer is fixed and determinable and collectibility is reasonably assured. Delivery is not considered to have occurred until the customer takes title and assumes the risks and rewards of ownership.

Off-Balance Sheet Arrangements

We had no off-balance sheet arrangements as of June 29, 2012.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

We are exposed to market risk from changes in currency exchange rates (primarily the euro and British pound sterling), interest rates and commodity prices (primarily aluminum and steel).

Foreign Currency Exchange Risk

Approximately 33.8% of our net sales for the six months ended June 29, 2012 originated in Europe. Although our sales outside the United States are subject to exchange rate fluctuations, we do not use derivatives to manage our foreign currency exchange risks resulting from foreign sales. Changes in foreign exchange rates affect interest expense recorded in relation to our foreign currency‑denominated debt instruments.

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Interest Rate Risk

We have market risk related to changing interest rates. Although we historically entered into interest rate agreements to reduce the impact of interest rate fluctuations on our interest expense, we terminated all of our outstanding interest rate swaps in connection with the Restructuring. We may enter into additional interest rate swaps in the future to manage our interest rate risk.

Commodity Price Risk

From time to time we enter into contracts for the purchase of aluminum and steel at market values in an attempt to assure a margin on specific customer orders. We may also choose to commit to purchase a specific quantity of aluminum over a specified time period at a fixed price, exposing us to the difference between the fixed price and the market price of aluminum during that time period. We do not use hedges to manage our long-term risks relating to market prices of steel and aluminum raw materials because we are generally able to pass on changes in market prices to customers.

Item 4.  Controls and Procedures

The Company carried out an evaluation, under the supervision and with the participation of the Company’s management, including the Chief Executive Officer (its principal executive officer) and the Chief Financial Officer (its principal financial officer), of the effectiveness of the design and operation of the Company’s disclosure controls and procedures as of June 29, 2012. Based upon that evaluation, our management, including our Chief Executive Officer and our Chief Financial Officer, concluded that as of June 29, 2012 the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d- 15(e) of the Securities Exchange Act of 1934, as amended) are effective. In addition, there were no changes in our internal control over financial reporting during the first half of 2012 that have materially affected, or are reasonably likely to affect our internal control over financial reporting.

Part II. Other Information

Item 1.  Legal Proceedings

From time to time, we are party to various legal proceedings arising in the ordinary course of business. The Company is not currently a party to any legal proceeding the result of which it believes could have a material adverse impact upon its business, financial position or results of operations.

Item 1A.  Risk Factors

In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 30, 2011, which could materially affect our business, financial condition or future results. The risks described in this report and in our Annual Report on Form 10-K are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition or future results. There have been no material changes in the risk factors discussed in our Annual Report on Form 10-K for the year ended December 30, 2011.

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Item 6.  Exhibits

EXHIBIT INDEX

Number	Exhibit Title
31.1	Rule 13a-14(a)/15d-14(a) Certification of Euramax Holdings, Inc.'s Chief Executive Officer.
31.2	Rule 13a-14(a)/15d-14(a) Certification of Euramax Holding's Inc.’s Chief Financial Officer.
32.1	Certification of the CEO and CFO pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
99.1	Audit Committee Charter Amendment
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema
101.CAL	XBRL Taxonomy Extension Calculation Linkbase
101.LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase
101.DEF	XBRL Taxonomy Extension Definition Linkbase

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	EURAMAX HOLDINGS, INC.
Date: August 10, 2012	/s/ R. Scott Vansant
	R. Scott Vansant
	Vice President and Chief Financial Officer

43

EX-31.1

Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Mitchell B. Lewis, Vice President and Chief Executive Officer, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the period ended June 29, 2012 of Euramax Holdings, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(c) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the board of directors:

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	August 10, 2012	/s/ Mitchell B. Lewis
		Mitchell B. Lewis
		President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, R. Scott Vansant, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the period ended June 29, 2012 of Euramax Holdings, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(c) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the board of directors:

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 10, 2012	/s/ R. Scott Vansant
	R. Scott Vansant
	Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

Certification Pursuant to

18 U.S.C. Section 1350

As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the quarterly report on Form 10-Q of Euramax Holdings, Inc., (the “Company”), for the quarterly period ended June 29, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Mitchell B. Lewis, President and Chief Executive Officer, and I, R. Scott Vansant, Vice President and Chief Financial Officer, certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

1. the Report fully complies, in all material respects, with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 10, 2012	/s/ Mitchell B. Lewis
	Mitchell B. Lewis
	President and Chief Executive Officer

Date: August 10, 2012	/s/ R. Scott Vansant
	R. Scott Vansant
	Vice President and Chief Financial Officer

EX-99.1

EURAMAX HOLDINGS, INC.

AUDIT COMMITTEE CHARTER

(ADOPTED APRIL 29, 2010)

(AMENDED JUNE 21, 2012)

A. Purpose

The purpose of the Audit Committee (the “Committee”) of the board of directors (the “Board”) of Euramax Holdings, Inc. (the “Company”) is to assist the Board in fulfilling its financial and other oversight responsibilities by monitoring the financial reporting processes and internal control systems, and overseeing the audits of the financial statements, in each case of the Company and its consolidated subsidiaries.

B.Organization and Procedure

1. Number. The Committee shall consist of three members of the Board.

2. Independence. Each member of the Committee shall be an “independent director,” defined as a person other than (1) an officer or employee of the Company or its subsidiaries, or (2) any individual having a relationship that, in the opinion of the Board, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. In addition, no member of the Committee may have participated in the preparation of the financial statements of the Company or any current subsidiary of the Company at any time during the past three years.

3. Selection and Removal. Members of the Committee shall be appointed by the Board, and each shall serve until his or her successor is duly appointed and qualified, or until such member's earlier death, resignation or removal. The Board may at any time remove one or more members of the Committee, with or without cause, and may fill any vacancy on the Committee.

4. Chairperson. Unless appointed by the Board, the Committee may elect a Chairperson by majority vote of the Committee.

5. Financial Literacy. Each member of the Committee must be able to read and understand financial statements, including the Company's balance sheet, income statement, and cash flow statement, at the time of his or her appointment to the Committee. In addition, at least one member must have past employment experience in finance or accounting, requisite professional certification in accounting, or any other comparable experience or background that results in the individual's financial sophistication, including being or having been a chief executive officer, chief financial officer or other senior officer with financial oversight responsibilities.

6. Committee Approval. Any and all acts of the Committee shall be approved by unanimous written consent or by the affirmative vote of a majority of the Committee members present (in person or by conference telephone) at a meeting at which quorum is present.

7. Compensation. The compensation of Committee members, if any, shall be as determined by the Board. No member of the Committee may receive, directly or indirectly, any consulting, advisory or other compensatory fee from the Company or any of its subsidiaries, other than fees paid in his or her capacity as a member of the Board or of a committee of the Board.

C.Committee Responsibilities

General

The Committee shall discharge its responsibilities, and shall assess the information provided by Company management and the Company's independent registered public accounting firm (the “Independent Auditor”), in accordance with its business judgment. Management is responsible for the preparation, presentation, and integrity of the Company's financial statements, for the appropriateness of the accounting principles and reporting policies that are used by the Company and for establishing and maintaining adequate internal control over financial reporting. As provided in its engagement letter, the Independent Auditor is responsible for auditing the Company's financial statements, for any assessment of the Company's internal control over financial reporting, and for any review of the Company's unaudited interim financial statements. The authority and responsibilities set forth in this Charter do not reflect or create any duty or obligation of the Committee to plan or conduct any audit, to determine or certify that the Company's financial statements are complete, accurate, fairly presented, or in accordance with generally accepted accounting principles or applicable law, or to guarantee the Independent Auditor's reports.

Selection of Independent Auditor

1. Selection. The Committee shall be solely and directly responsible for appointing, evaluating, retaining and, when necessary, terminating the engagement of the Independent Auditor.

2. Auditor Independence. The Committee shall oversee the independence of the Independent Auditor, including independence as may be required in the event the Company were to become a reporting company under the Securities Act of 1934, as amended. In connection with this responsibility, the Committee shall obtain and review all relationships between the Independent Auditor and the Company. The Committee shall discuss with the Independent Auditor any disclosed relationships or services that might impact the objectivity and independence of the auditor. The Committee shall determine that the Independent Auditor's firm has a process in place to address the rotation of the lead audit partner and other audit partners serving the account should it become required under the SEC Independence Rules. The Committee shall set hiring policies for employees or former employees of the independent auditors that meet SEC regulations and applicable stock exchange listing standards.

3. Compensation. The Committee shall have sole and direct responsibility for setting the compensation of the Independent Auditor. The Committee is empowered, without further action by the Board, to cause the Company to pay the compensation of the Independent Auditor established by the Committee. In determining the Independent Auditor's compensation, the Committee may obtain, where available, fee and scope of work information regarding audit services from other companies and conduct a comparative analysis.

4. Preapproval of Services. The Committee shall preapprove: (i) the scope and terms of all financial statement audit engagements, provided that the Chairperson may approve changes to the scope of such engagements that are not material, and (ii) all other services (review, attest and non-audit) to be provided to the Company by the Independent Auditor to the extent the annual costs exceed in the aggregate $10,000.

5. Quality-Control Report. At least annually, the Committee shall obtain and review a report by the Independent Auditor describing its internal quality-control procedures and any material issues raised by the most recent internal quality-control review, or peer review, of the Independent Auditor, or by any inquiry or investigation by governmental or professional authorities within the preceding five years, respecting one or more independent audits carried out by the Independent Auditor and any steps taken to deal with any such issues.

6. PCAOB Report. The Committee shall obtain and review a copy of the most recent inspection report of the Independent Auditor issued by the Public Company Accounting Oversight Board pursuant to Section 104 of the Sarbanes-Oxley Act.

7. Financial Statements. Prior to the public release of the financial statements, the Audit Committee shall meet with the Company's financial management and the independent auditors to discuss and approve the disclosure and content of the financial statements to be included in the Company's Annual Report on Form 10-K (or the Annual Report to Shareholders if distributed prior to the filing of Form 10-K) or Forms 10-Q, including the Company's disclosures under “Management's Discussion and Analysis of Financial Condition and Results of Operations” (“MD&A”) and “Critical Accounting Policies,” and review and consider with the independent auditor the matters required to be discussed by Statement of Auditing Standards (“SAS”) No. 61 and SAS No. 100 (as it may be modified or supplemented).

Oversight of Independent Auditor

The Independent Auditor shall report directly to the Committee, and the Committee shall have sole and direct responsibility for overseeing the work of the Independent Auditor, including resolution of disagreements between Company management and the Independent Auditor regarding financial reporting. The Committee shall meet with the Independent Auditor prior to the audit to discuss planning and staffing of the audit. The Committee shall inform the Independent Auditor, Company management (including the chief financial officer and other senior accounting staff) that they should promptly contact the Committee or its Chairperson about any significant issue or disagreement concerning the Company's accounting practices or financial statements that is not resolved to their satisfaction. If the Chairperson is contacted about such an issue, he or she should confer with the Independent Auditor about the issue and decide whether it is necessary to contact the other members of the Committee prior to the next scheduled meeting of the Committee.

8. Auditor Reports. In connection with its oversight role, the Committee shall, from time to time as appropriate, receive and consider the reports of the Independent Auditor regarding:

▪ critical accounting policies and practices;

▪ alternative treatments within generally accepted accounting principles (GAAP) for policies and practices related to material items that have been discussed with Company management, including ramifications of the use of such alternative disclosures and treatments, and the treatment preferred by the Independent Auditor; and

▪ other material written communications between the Independent Auditor and Company management.

9. Review of Issues. The Committee shall also, from time to time as appropriate, review with the Independent Auditor:

▪ any audit problems or difficulties the Independent Auditor encountered in the course of the audit work, and Company management's response, including any restrictions on the scope of the Independent Auditor's activities or access to requested information, and any significant disagreements with Company management;

▪ major issues as to the adequacy of the Company's internal control over financial reporting and any special audit steps adopted in light of material control deficiencies;

▪ analyses prepared by Company management and/or the Independent Auditor setting forth significant financial reporting issues and judgments made in connection with the preparation of the financial statements, including analyses of the effects of alternative GAAP methods on the financial statements;

▪ the effect of regulatory and accounting initiatives, as well as off balance sheet structures, on the financial statements of the Company;

▪ significant risks and uncertainties with respect to the quality, accuracy or fairness of presentation of the Company's financial statements and recommended actions that might be taken to prevent or mitigate the risk of problems arising from such matters;

▪ any accounting adjustments that were noted or proposed by the Independent Auditor but were “passed” (as immaterial or otherwise);

▪ any communications between the audit team and the Independent Auditor's national office respecting material auditing or accounting issues affecting the Company;

▪ any “management” or “internal control” letter issued, or proposed to be issued, by the Independent Auditor to the Company, the Board or the Committee;

▪ accounting by the Company for unusual transactions; and

▪ adjustments arising from audits that could have a significant impact on the Company's financial reporting process.

10. The Committee shall discuss with Company management and the Independent Auditor any correspondence with regulators or governmental agencies and any published reports that raise material issues regarding the Company's financial statements or accounting.

11. Auditor Qualifications. The Committee shall also, from time to time as appropriate, evaluate the Independent Auditor, as described above under “Committee Responsibilities - Selection of Independent Auditor.”

Oversight of Management

The Committee shall inquire of the Independent Auditor concerning the quality, and not just the acceptability, of the Company's accounting determinations, particularly with respect to revenue, earnings, significant items subject to estimate, and other areas of judgment.

12. The Committee shall ask the Independent Auditor: (i) whether Company management's choices of accounting principles are, as a whole, conservative, moderate or aggressive; (ii) to provide significant examples of choices falling into each category; and (iii) to recommend whether any of such policies should be changed.

Audited Financial Statements

13. The Committee shall review and discuss with Company management and the Independent Auditor the Company's audited financial statements, including the matters about which Statement on Auditing Standards No. 114 requires discussion.

Controls and Procedures

14. Oversight. The Committee shall coordinate the Board's oversight of the Company's internal control over financial reporting. The Committee shall advise the Board with respect to the Company's policies and procedures regarding compliance with applicable laws and regulations. The Committee shall also discuss with the Company's outside legal counsel matters that may have a material impact on the financial statements or the Company's compliance policies.

15. Procedures for Complaints. The Committee shall determine that the Company has acceptable procedures for (i) the receipt, retention and treatment of complaints received by the Company regarding accounting, internal accounting controls or auditing matters and (ii) the confidential, anonymous submission by employees of the Company of concerns regarding questionable accounting or auditing matters. The Committee shall also periodically review, and recommend any changes with respect to, the Company's procedures, systems, reports and resolutions regarding the reporting of financial compliance and disclosure issues. The Company's Compliance Officer shall promptly report to the Committee any complaints received by the Company regarding accounting, internal accounting controls or auditing matters and submissions by employees of the Company of concerns regarding questionable accounting or auditing matters.

16. Oversight of Related Person Transactions. The Committee shall review the Company's policies and procedures for reviewing and approving or ratifying related person transactions, including the Company's Policy and Procedures with Respect to Related Person Transactions, and recommend any changes to the Board. The Committee shall review all related person transactions and approve such transactions in accordance with the Company's Policy and Procedures with Respect to Related Person Transactions.

17. Hiring Policies. The Committee shall determine that the Company has acceptable policies regarding the hiring of employees or former employees of the Company's Independent Auditor.

18. Risk Management. The Committee shall discuss with management the Company's policies with respect to risk assessment and risk management, including risk of fraud. The Committee shall also discuss with management the Company's major financial risk exposures and policies and procedures to monitor and control such exposure.

19. Additional Powers. The Committee shall have such other duties as may be delegated from time to time by the Board.

D.Administration

1. Meetings. The Committee shall meet as often as it deems necessary in order to perform its responsibilities and at such times as the Chairperson or a majority of the Committee determines. A majority of the members of the Committee shall constitute a quorum. The Committee shall conduct its meetings in accordance with the rules and procedures established by the Committee or provided in the Company's bylaws. The Committee shall periodically meet separately with: (i) the Independent Auditor; (ii) the head of any internal audit function maintained by the Company; and (iii) Company management. The Committee shall keep minutes of its meetings for inclusion in the Company's record books.

2. Reports to Board. The Committee shall report regularly to the Board and review with the full Board any issues that arise with respect to the quality or integrity of the Company's financial statements, the Company's compliance with legal or regulatory requirements or the performance and independence of the Company's Independent Auditor.

3. Charter. At least annually, the Committee shall review and reassess the adequacy of this Charter and recommend any proposed changes to the Board for approval.

4. Annual Self-Evaluation. At least annually, the Committee shall evaluate its own performance.

5. Subcommittees. The Committee may form and delegate authority to one or more subcommittees, as it deems appropriate from time to time under the circumstances (including a subcommittee consisting of a single member). Any decision of a subcommittee to preapprove audit, review, attest or non-audit services shall be presented to the full Committee at its next scheduled meeting.

6. Independent Advisors. The Committee is authorized, without further action by the Board, to engage such independent legal, accounting and other advisors as it deems necessary or appropriate to carry out its responsibilities. Such independent advisors may be the regular advisors to the Company. The Committee is empowered, without further action by the Board, to cause the Company to pay the compensation of such advisors as established by the Committee.

7. Investigations. The Committee shall have the authority to conduct or authorize investigations into any matters within the scope of its responsibilities as it shall deem appropriate, including the authority to request any officer, employee or advisor of the Company to meet with the Committee or any advisors engaged by the Committee.

8. Funding. The Committee is empowered, without further action by the Board, to cause the Company to pay the ordinary administrative expenses of the Committee that are necessary or appropriate in carrying out its duties.

9. Miscellaneous. The Committee may perform any other activities consistent with this charter, the Company's Certificate of Incorporation and Bylaws and governing law as the Committee or the Board deems appropriate.

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Supplemental Guarantor Condensed Financial Information - Consolidated Statements of Comprehensive (Loss) Income (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 29, 2012	Jul. 01, 2011	Jun. 29, 2012	Jul. 01, 2011
Condensed Financial Statements, Captions [Line Items]
Net loss	$ (15,592)	$ (2,126)	$ (23,712)	$ (10,457)
Foreign currency translation adjustment	(1,165)	463	(202)	4,759
Net change in pension and other benefit liabilities, net of tax	85	21	170	21
Total comprehensive (loss) income	(16,672)	(1,642)	(23,744)	(5,677)
Parent
Condensed Financial Statements, Captions [Line Items]
Net loss	(15,592)	(2,126)	(23,712)	(10,457)
Foreign currency translation adjustment	(1,165)	463	(202)	4,759
Net change in pension and other benefit liabilities, net of tax	85	21	170	21
Total comprehensive (loss) income	(16,672)	(1,642)	(23,744)	(5,677)
Subsidiary Issuer
Condensed Financial Statements, Captions [Line Items]
Net loss	(15,444)	(1,977)	(23,415)	(10,160)
Foreign currency translation adjustment	(1,165)	463	(202)	4,759
Net change in pension and other benefit liabilities, net of tax	85	21	170	21
Total comprehensive (loss) income	(16,524)	(1,493)	(23,447)	(5,380)
Non-Guarantor
Condensed Financial Statements, Captions [Line Items]
Net loss	(1,101)	(2,314)	(4,090)	3,084
Foreign currency translation adjustment	(699)	132	86	4,497
Net change in pension and other benefit liabilities, net of tax	23	0	46	0
Total comprehensive (loss) income	(1,777)	(2,182)	(3,958)	7,581
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net loss	16,545	4,291	27,505	7,076
Foreign currency translation adjustment	1,864	(595)	116	(9,256)
Net change in pension and other benefit liabilities, net of tax	(108)	(21)	(216)	(21)
Total comprehensive (loss) income	$ 18,301	$ 3,675	$ 27,405	$ (2,201)

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Employee Benefit Plans (Details) (USD $) In Thousands, unless otherwise specified	1 Months Ended	3 Months Ended		6 Months Ended
	Jul. 31, 2012	Jun. 29, 2012	Jul. 01, 2011	Jun. 29, 2012	Jul. 01, 2011
Defined Benefit Plan Disclosure [Line Items]
Multiemployer pension plan early withdrawal penalty settlement period	20 years
Multiemployer pension withdrawal penalty		$ 0	$ 1,200	$ 0	$ 1,200
U.S. Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost		19	10	38	20
Interest cost		128	128	256	256
Expected return on assets		(144)	(140)	(288)	(280)
Recognized actuarial net loss		62	21	124	21
Total Company defined benefit plan		65	19	130	17
Multiemployer benefit expense		298	317	576	573
Multiemployer pension withdrawal penalty		0	1,200	0	1,200
Net periodic pension cost		363	1,536	706	1,790
UK Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost		0	0	0	0
Interest cost		599	591	1,180	1,185
Expected return on assets		(424)	(459)	(836)	(920)
Recognized actuarial net loss		23	0	46	0
Total Company defined benefit plan		198	132	390	265
Multiemployer benefit expense		0	0	0	0
Multiemployer pension withdrawal penalty		0	0	0	0
Net periodic pension cost		198	132	390	265
Previously reported | U.S. Commercial Products
Defined Benefit Plan Disclosure [Line Items]
Multiemployer pension withdrawal penalty			1,200
Final assessment | U.S. Commercial Products
Defined Benefit Plan Disclosure [Line Items]
Multiemployer pension withdrawal penalty	1,200

XML

Long-Term Obligations (Details)																		3 Months Ended
	Jun. 29, 2012 USD ($)	Dec. 30, 2011 USD ($)	Apr. 01, 2011 USD ($)	Apr. 01, 2011 Other Assets USD ($)	Jun. 29, 2012 Senior notes Senior Secured Notes (9.50%) USD ($)	Dec. 30, 2011 Senior notes Senior Secured Notes (9.50%) USD ($)	Mar. 18, 2011 Senior notes Senior Secured Notes (9.50%) USD ($)	Jun. 29, 2012 Unsecured debt Senior Unsecured Loan Facility (12.25%) USD ($)	Dec. 30, 2011 Unsecured debt Senior Unsecured Loan Facility (12.25%) USD ($)	Apr. 01, 2011 Unsecured debt Senior Unsecured Loan Facility (12.25%) USD ($)	Mar. 18, 2011 Unsecured debt Senior Unsecured Loan Facility (12.25%) USD ($)	Jun. 29, 2012 Line of credit ABL Credit Facility USD ($)	Dec. 30, 2011 Line of credit ABL Credit Facility USD ($)	Mar. 18, 2011 Line of credit ABL Credit Facility USD ($)	Jun. 29, 2012 Line of credit Dutch Revolving Credit Facility USD ($)	Feb. 28, 2012 Line of credit Dutch Revolving Credit Facility EUR (€)	Dec. 30, 2011 Line of credit Dutch Revolving Credit Facility USD ($)	Apr. 01, 2011 Line of credit First Lien Credit Agreement USD ($)	Mar. 16, 2011 Line of credit First Lien Credit Agreement USD ($)
Debt Instrument [Line Items]
Long-term debt	$ 525,847,000	$ 507,988,000			$ 375,000,000	$ 375,000,000		$ 123,006,000	$ 122,782,000			$ 27,841,000	$ 10,206,000		$ 0		$ 0		$ 514,700,000
Debt instrument, face amount							375,000,000				125,000,000
Line of credit facility, maximum borrowing capacity														70,000,000		15,000,000
Existing loans exchanged for new loans under the new Senior Unsecured Loan Facility																		102,700,000
Cash exchanged for loans under the Senior Unsecured Loan Facility			19,800,000
Debt instrument, issuance price as % of face value										98.00%
Debt Instrument, unamortized discount										2,200,000
Gains (losses) on extinguishment of debt																		(1,500,000)
Deferred finance costs, gross				$ 10,600,000

XML

Supplemental Guarantor Condensed Financial Information - Consolidated Balance Sheets (Details) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2012	Dec. 30, 2011	Jul. 01, 2011	Dec. 31, 2010
Condensed Financial Statements, Captions [Line Items]
Subsidiary Ownership Percentage	100.00%
ASSETS
Cash and cash equivalents	$ 11,901	$ 14,327	$ 11,903	$ 24,902
Accounts receivable, net of allowance for doubtful accounts	99,874	83,234
Inventories, net	97,853	83,396
Income taxes receivable	885	697
Deferred income taxes	2,232	1,906
Other current assets	6,393	4,336
Total current assets	219,138	187,896
Property, plant and equipment, net	138,477	146,549
Amounts due from affiliates	0	0
Goodwill	194,432	196,686
Customer relationships, net	61,418	69,636
Other intangible assets, net	7,812	8,148
Investments in consolidated subsidiaries	0	0
Deferred income taxes	23	6
Other assets	11,221	10,325
Total assets	632,521	619,246
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Accounts payable	72,138	54,329
Accrued expenses and other current liabilities	30,913	33,425
Accrued interest payable	9,153	8,886
Deferred income taxes	870	891
Total current liabilities	113,074	97,531
Long-term debt	525,847	507,988
Amounts due to affiliates	0	0
Deferred income taxes	23,471	21,501
Other liabilities	45,639	45,519
Total liabilities	708,031	672,539
Shareholders’ equity (deficit):
Common stock	185	185
Additional paid-in capital	720,364	718,837
Accumulated loss	(805,799)	(782,087)
Accumulated other comprehensive income	9,740	9,772
Total shareholders’ equity (deficit)	(75,510)	(53,293)
Total liabilities and shareholders’ equity (deficit)	632,521	619,246
Parent
ASSETS
Cash and cash equivalents	0	0	0	0
Accounts receivable, net of allowance for doubtful accounts	0	0
Inventories, net	0	0
Income taxes receivable	0	0
Deferred income taxes	0	0
Other current assets	0	0
Total current assets	0	0
Property, plant and equipment, net	0	0
Amounts due from affiliates	0	0
Goodwill	0	0
Customer relationships, net	0	0
Other intangible assets, net	0	0
Investments in consolidated subsidiaries	(70,855)	(48,935)
Deferred income taxes	0	0
Other assets	0	0
Total assets	(70,855)	(48,935)
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Accounts payable	0	0
Accrued expenses and other current liabilities	184	96
Accrued interest payable	0	0
Deferred income taxes	0	0
Total current liabilities	184	96
Long-term debt	0	0
Amounts due to affiliates	4,471	4,262
Deferred income taxes	0	0
Other liabilities	0	0
Total liabilities	4,655	4,358
Shareholders’ equity (deficit):
Common stock	185	185
Additional paid-in capital	720,364	718,837
Accumulated loss	(805,799)	(782,087)
Accumulated other comprehensive income	9,740	9,772
Total shareholders’ equity (deficit)	(75,510)	(53,293)
Total liabilities and shareholders’ equity (deficit)	(70,855)	(48,935)
Issuer
ASSETS
Cash and cash equivalents	157	962	120	8,271
Accounts receivable, net of allowance for doubtful accounts	54,930	43,241
Inventories, net	66,016	51,456
Income taxes receivable	340	177
Deferred income taxes	1,702	1,702
Other current assets	3,848	2,688
Total current assets	126,993	100,226
Property, plant and equipment, net	67,662	72,848
Amounts due from affiliates	216,813	232,191
Goodwill	81,054	81,054
Customer relationships, net	38,365	43,110
Other intangible assets, net	7,812	8,148
Investments in consolidated subsidiaries	26,646	30,605
Deferred income taxes	0	0
Other assets	6,124	6,418
Total assets	571,469	574,600
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Accounts payable	46,253	32,692
Accrued expenses and other current liabilities	16,020	16,623
Accrued interest payable	9,153	8,886
Deferred income taxes	0	0
Total current liabilities	71,426	58,201
Long-term debt	525,847	507,988
Amounts due to affiliates	13,309	27,315
Deferred income taxes	8,941	8,158
Other liabilities	22,801	21,873
Total liabilities	642,324	623,535
Shareholders’ equity (deficit):
Common stock	0	0
Additional paid-in capital	657,461	655,934
Accumulated loss	(738,056)	(714,641)
Accumulated other comprehensive income	9,740	9,772
Total shareholders’ equity (deficit)	(70,855)	(48,935)
Total liabilities and shareholders’ equity (deficit)	571,469	574,600
Non-Guarantor
ASSETS
Cash and cash equivalents	11,744	13,365	11,783	16,631
Accounts receivable, net of allowance for doubtful accounts	44,944	39,993
Inventories, net	31,837	31,940
Income taxes receivable	545	520
Deferred income taxes	530	204
Other current assets	2,545	1,648
Total current assets	92,145	87,670
Property, plant and equipment, net	70,815	73,701
Amounts due from affiliates	18,521	28,360
Goodwill	113,378	115,632
Customer relationships, net	23,053	26,526
Other intangible assets, net	0	0
Investments in consolidated subsidiaries	0	0
Deferred income taxes	23	6
Other assets	5,097	3,907
Total assets	323,032	335,802
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Accounts payable	25,885	21,637
Accrued expenses and other current liabilities	14,709	16,706
Accrued interest payable	0	0
Deferred income taxes	870	891
Total current liabilities	41,464	39,234
Long-term debt	0	0
Amounts due to affiliates	217,554	228,974
Deferred income taxes	14,530	13,343
Other liabilities	22,838	23,646
Total liabilities	296,386	305,197
Shareholders’ equity (deficit):
Common stock	21	21
Additional paid-in capital	199,452	199,452
Accumulated loss	(186,323)	(182,232)
Accumulated other comprehensive income	13,496	13,364
Total shareholders’ equity (deficit)	26,646	30,605
Total liabilities and shareholders’ equity (deficit)	323,032	335,802
Eliminations
ASSETS
Cash and cash equivalents	0	0	0	0
Accounts receivable, net of allowance for doubtful accounts	0	0
Inventories, net	0	0
Income taxes receivable	0	0
Deferred income taxes	0	0
Other current assets	0	0
Total current assets	0	0
Property, plant and equipment, net	0	0
Amounts due from affiliates	(235,334)	(260,551)
Goodwill	0	0
Customer relationships, net	0	0
Other intangible assets, net	0	0
Investments in consolidated subsidiaries	44,209	18,330
Deferred income taxes	0	0
Other assets	0	0
Total assets	(191,125)	(242,221)
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Accounts payable	0	0
Accrued expenses and other current liabilities	0	0
Accrued interest payable	0	0
Deferred income taxes	0	0
Total current liabilities	0	0
Long-term debt	0	0
Amounts due to affiliates	(235,334)	(260,551)
Deferred income taxes	0	0
Other liabilities	0	0
Total liabilities	(235,334)	(260,551)
Shareholders’ equity (deficit):
Common stock	(21)	(21)
Additional paid-in capital	(856,913)	(855,386)
Accumulated loss	924,379	896,873
Accumulated other comprehensive income	(23,236)	(23,136)
Total shareholders’ equity (deficit)	44,209	18,330
Total liabilities and shareholders’ equity (deficit)	$ (191,125)	$ (242,221)

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Long-Term Obligations

6 Months Ended

Jun. 29, 2012

Debt Disclosure [Abstract]

Long-Term Obligations

Long-Term Obligations

Long-term obligations consisted of the following:

	June 29, 2012		December 30, 2011
	(in thousands)
Senior Secured Notes (9.50%)	$	375,000	$	375,000
Senior Unsecured Loan Facility (12.25%)	123,006		122,782
ABL Credit Facility	27,841		10,206
Dutch Revolving Credit Facility	—		—
	$	525,847	$	507,988

On March 18, 2011, Euramax International, Inc. (“Euramax”), a wholly owned subsidiary of the Company, issued $375 million of Senior Secured Notes (the “Notes”) in a private placement exempt from registration requirements under the Securities Act of 1933, as amended (the “Securities Act”). Concurrent with the issuance of the Notes, the Company entered into a new senior unsecured loan facility (the “Senior Unsecured Loan Facility”) with an aggregate principal amount of $125 million. The Company also entered into an Amended and Restated Senior Secured Revolving Credit and Guaranty Agreement (the “ABL Credit Facility”), which provided revolving credit financing of up to $70 million and extended the maturity from June 23, 2012 to September 18, 2015.

Prior to the issuance of the Notes and the Senior Unsecured Loan Facility, the Company had outstanding obligations of approximately $514.7 million under the First Lien Credit Agreement. In the first quarter of 2011, proceeds from the $375 million offering of Notes were used to pay lenders under the First Lien Credit Agreement. Additionally, certain existing lenders exchanged approximately $102.7 million of existing loans under the First Lien Credit Agreement and cash of $19.8 million for the $125 million of loans under the new Senior Unsecured Loan Facility, which were issued at 98% of par. Cash proceeds along with borrowings under the Company’s ABL Credit Facility were used to repay the remaining outstanding amounts due under the First Lien Credit Agreement and expenses related to the refinancing. The difference between the consideration received and the aggregate face amount of the Senior Unsecured Loan Facility ($2.2 million) is being amortized and recorded in interest expense using the effective interest rate method over the term of the Senior Unsecured Loan Facility.

The Company recognized a loss of approximately $1.5 million on the extinguishment of the First Lien Credit Agreement in the first quarter of 2011. This loss is primarily comprised of the write-off of previously capitalized deferred debt issuance costs and is recorded in other income (loss). Deferred debt issuance costs, related to First Lien Credit Agreement obligations which were exchanged for obligations under the Senior Unsecured Loan Facility, are being amortized to interest expense over the term of the new Senior Unsecured Loan Facility using the effective interest rate method. Direct and incremental debt issuance costs related to the Senior Unsecured Notes, Senior Unsecured Credit Facility, and ABL Credit Facility, including legal fees, printing costs and bank fees totaled approximately $10.6 million and have been capitalized and reported as deferred financing costs within other assets. These costs are being amortized and recorded in interest expense using the effective interest rate method over the term of the applicable agreement.

Senior Secured Notes

The Notes were issued at par in a private placement exempt from registration requirements under the Securities Act.The Notes were issued pursuant to an indenture, or the Indenture, dated March 18, 2011, among Euramax, the Company, and certain of its domestic subsidiaries as guarantors, and Wells Fargo Bank, National Association, the Trustee.Substantially all of Euramax’s U.S. subsidiaries are guarantors of the Notes.The Notes bear interest at 9.50% per year and mature on April 1, 2016, unless earlier redeemed or repurchased by Euramax. Interest is payable semi-annually on April 1 and October 1 of each year.

The Notes may be redeemed at the option of Euramax, in whole or in part, under the conditions specified in the Indenture plus accrued and unpaid interest to the redemption date, at the following redemption prices if redeemed during the twelve-month period beginning on April 1 of the years indicated:

Year	Percentage
2013	107.125	%
2014	104.750	%
2015 and thereafter	100.000	%

Additionally at any time on or before April 1, 2013, Euramax may redeem the greater of (i) $37.5 million and (ii) up to 10% of the aggregate principal amount of the Notes at any time and from time to time, but not more than once in any twelve‑month period, at a price equal to 103% of the principal amount of the Notes redeemed and accrued and unpaid interest, if any, to the date of redemption; up to 35% of the aggregate principal amount of the Notes issued with the net proceeds of certain equity offerings at a price equal to 109.5% of the principal amount of the Notes redeemed plus accrued and unpaid interest, if any, to the date of redemption; or Euramax may, on any one or more occasions, redeem all or a part of the Notes at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus the Applicable Premium (as defined in the Indenture) and accrued and unpaid interest, if any, to the date of redemption.

The Indenture contains restrictive covenants that limit, among other things, the ability of Euramax and certain of its subsidiaries to incur additional indebtedness, pay dividends and make certain distributions, make other restricted payments, make investments, incur liens, consolidate, merge, sell or otherwise dispose of all or substantially all of its assets and enter into certain transactions with affiliates, in each case, subject to exclusions, and other customary covenants. These limitations also prohibit Euramax's ability to transfer cash or assets to Euramax Holdings, whether by dividend, loan or otherwise. The Indenture also contains customary events of default. If Euramax undergoes a change of control (as defined in the Indenture), Euramax will be required to make an offer to repurchase the Notes at 101% of the principal amount of the Notes redeemed plus accrued and unpaid interest, if any, to the date of redemption.

In connection with the sale of the Notes, Euramax, the guarantors and the initial purchasers entered into a registration rights agreement. Pursuant to the registration rights agreement, Euramax and the guarantors agreed to file a registration statement with the Securities and Exchange Commission with respect to publicly registered Notes having identical terms to the outstanding Notes. The Company completed an effective registration of the Notes with the Securities and Exchange Commission on December 22, 2011. An exchange offer was launched December 23, 2011 for the holders of the outstanding Notes to exchange their Notes for the exchange notes. The exchange offer was completed on January 26, 2012 with 100% of the $375 million 9.50% Senior Secured Notes due 2016 tendered in the exchange offer.

Senior Unsecured Loan Facility

Proceeds from the Senior Unsecured Loan Facility were borrowed on March 18, 2011 and will mature on October 1, 2016.Loans under the Senior Unsecured Loan Facility bear interest at 12.25% per year in the event no election is made to pay interest in kind (PIK) , and 14.25% (7.875% cash pay and 6.375% PIK) per annum in the event a PIK election is made. The Company may make a PIK election for up to six quarters during the term of the Senior Unsecured Loan Facility. The interest rate on outstanding borrowings under the Senior Unsecured Loan Facility at June 29, 2012 was 12.25%, as the Company has not made a PIK election.

The Senior Unsecured Loan Facility may not be voluntarily prepaid before March 18, 2013. Thereafter, Euramax may prepay outstanding amounts under the Senior Unsecured Loan Facility, in whole or in part, at the prices (expressed as percentages of the loans) set forth below:

Prepayment Date	Percentage
On or after the second anniversary of the closing but prior to the third anniversary thereof	103%
On or after the third anniversary of the closing but prior to the fourth anniversary thereof	102%
On or after the fourth anniversary of the closing	100%

Additionally, at any time before March 18, 2013, Euramax may on one or more occasions prepay up to 35% of the aggregate principal amount of the loans outstanding on the closing date at 112.25%, plus accrued and unpaid interest. Upon a change of control, Euramax may be required to purchase all or a portion of the Senior Unsecured Loan Facility at a price equal to 101% of the principal amount plus accrued and unpaid interest.All obligations under the Senior Unsecured Loan Facility are unconditionally guaranteed by the Company and substantially all of Euramax’s existing and future direct and indirect wholly‑owned domestic material restricted subsidiaries.

The Senior Unsecured Loan Facility contains restrictive covenants that limit, among other things, the ability of Euramax and certain of its subsidiaries to incur additional indebtedness, pay dividends and make certain distributions, make other restricted payments, make investments, incur liens, consolidate, merge, sell or otherwise dispose of all or substantially all of its assets and enter into certain transactions with affiliates, in each case, subject to exclusions, and other customary covenants.

The Senior Unsecured Loan Facility contains certain customary representations and warranties, affirmative covenants and events of default, including among other things, payment defaults, covenant defaults, cross‑defaults to certain indebtedness, certain events of bankruptcy, material judgments, and failure of any guaranty supporting the Senior Unsecured Loan Facility to be in force and effect in any material respect. If such an event of default occurs, the administrative agent would be entitled to take various actions, including the acceleration of amounts due under the Senior Unsecured Loan Facility and all actions permitted to be taken by an unsecured creditor.

ABL Credit Facility

On March 18, 2011, the Company, Euramax, and certain of its domestic subsidiaries, entered into the ABL Credit Facility with Regions Bank, as Collateral and Administrative Agent, Wells Fargo Capital Finance, LLC, as Co-Collateral Agent, and Regions Business Capital, as Sole Lead Arranger and Bookrunner. The ABL Credit Facility provides for revolving credit financing of up to $70 million, subject to borrowing base availability. At June 29, 2012, $27.5 million was available to be drawn on the ABL Facility. The ABL Credit Facility matures on September 18, 2015.

Borrowings under the ABL Credit Facility bear interest at a rate per annum equal to either (a) LIBOR plus an applicable margin or (b) a base rate determined by reference to the highest of (1) the prime commercial lending rate published by Regions Bank as its “prime rate” for commercial loans, (2) the federal funds effective rate plus 0.50% and (3) the one-month LIBOR plus 1.00%, plus an applicable margin. The applicable margin is dependent upon the type of borrowings the Company has made under the ABL Credit Facility. At June 29, 2012, the applicable margins were 2.50% and 1.50% for LIBOR and Base Rate borrowings, respectively. The applicable margins are subject to Euramax’s corporate credit rating as determined from time to time by Standard and Poor’s and Moody’s Investors Service and range from 2.00% to 2.75% for LIBOR borrowings and 1.00% to 1.75% for Base Rate borrowings. The weighted average interest rate, including the applicable margin payable on outstanding borrowings under the ABL Credit Facility, at June 29, 2012 was 2.8%. The ABL Credit Facility requires the Company to pay a commitment fee ranging from 0.375% to 0.5%, based on the unutilized commitments. The Company is also required to pay customary letter of credit fees, including, without limitation, a letter of credit fee equal to the applicable margin on revolving credit LIBOR loans and fronting fees.

All obligations under the ABL Credit Facility are unconditionally guaranteed by the Company and substantially all of Euramax’s existing and future direct and indirect, wholly-owned domestic restricted subsidiaries which are not borrowers. All obligations under the ABL Credit Facility are secured, subject to certain exceptions, by a first‑priority security interest in Euramax’s and the Guarantors’ inventory and accounts receivable and related assets, referred to as the ABL Collateral, and a junior‑priority security interest in (i) substantially all of Euramax’s and the Guarantors’ assets (other than inventory and accounts receivable and related assets, which assets secure the ABL Credit Facility on a first priority basis) and (ii) all of Euramax’s capital stock and the capital stock of each material domestic restricted subsidiary owned by Euramax or a Guarantor and 65% of the voting capital stock and 100% of any non-voting capital stock of foreign restricted subsidiaries directly owned by Euramax or a Guarantor, which we refer to collectively as the Notes Collateral.

The ABL Credit Facility contains affirmative and negative covenants customary for this type of financing, including, but not limited to financial covenants requiring Euramax to meet a minimum consolidated fixed charge coverage ratio of at least 1.15 to 1.00 when excess availability is less than 15% of the lesser of the aggregate amount of commitments outstanding at such time and the borrowing base. As of June 29, 2012, excess availability exceeded 15% of the borrowing base; therefore, Euramax was not required to meet the minimum consolidated fixed charge coverage ratio. Additionally, restrictive covenants limit the ability of the Company and certain of its subsidiaries to incur liens, incur, assume or permit to exist additional indebtedness, guarantees and other contingent obligations, consolidate, merge or sell all or substantially all of their assets, pay dividends or make other distributions, make certain loans and investments, amend or otherwise alter the terms of documents related to certain of their indebtedness, enter into transactions with affiliates and prepay certain indebtedness, in each case, subject to exclusions, and other customary covenants.

Dutch Revolving Credit Facility

In February 2012, the Company's wholly owned subsidiary Euramax Coated Products, BV, entered into a revolving credit facility, with Rabobank Roermond (the "Dutch Revolving Credit Facility"). The Dutch Revolving Credit Facility provides revolving credit financing of up to EUR 15 million and matures on April 1, 2016. Borrowings under the Dutch Revolving Credit Facility bear interest at a rate per annum which is the aggregate of the average one month Euribor rate over a calendar month plus a margin of 2% and requires payment of a commitment fee of 0.35% per annum on the nominal amount of the credit facility. All obligations under the Dutch Revolving Credit Facility are secured by a mortgage on the real estate of Euramax Coated Products, BV, a pledge on present and future machinery of Euramax Coated Products, BV, and a pledge on present and future accounts receivable balances of Euramax Coated Products, BV. There were no outstanding borrowings under the Dutch Revolving Credit Facility as of June 29, 2012.

The Dutch Revolving Credit Facility contains financial and non-financial covenants customary for this type of financing. Financial Covenants include, but are not limited to, a minimum annual EBITDA target and a minimum amount of risk-bearing capital for Euramax Coated Products, BV both measured at the Company's fiscal year-end. The Dutch Revolving Credit Facility also contains a clause limiting further indebtedness. As of June 29, 2012, the Company is in compliance with all covenants.

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Long-Term Obligations Dutch Revolving Credit Facility (Details) (Line of credit, Dutch Revolving Credit Facility, EUR €) In Millions, unless otherwise specified	0 Months Ended
	Feb. 28, 2012
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	€ 15
Line of Credit Facility, Commitment Fee Percentage	0.35%
Euribor Rate
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%

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Long-Term Obligations ABL Credit Facility (Details) (Line of credit, ABL Credit Facility, USD $) In Millions, unless otherwise specified	0 Months Ended
	Mar. 18, 2011	Jun. 29, 2012
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 70
Line of Credit Facility, Remaining Borrowing Capacity		$ 27.5
Debt, Weighted Average Interest Rate		2.80%
Foreign Restricted Subsidiaries, Percent of Voting Capital Stock, Collateral	65.00%
Foreign Retricted Subsidiaries, Percent of Non-Voting Capital Stock, Collateral	100.00%
Excess Availability Threshold Percentage That Triggers A Minimum Consolidated Fixed Charge Coverage Ratio		15.00%
Minimum
Line of Credit Facility [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.375%
Debt Convenant, Required Fixed Charge Coverage Ratio When Excess Availability Is Less Than 15%	1.15
Maximum
Line of Credit Facility [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.50%
Excess Availability Threshold Percentage That Triggers A Minimum Consolidated Fixed Charge Coverage Ratio	15.00%
Federal Funds
Line of Credit Facility [Line Items]
Debt Instrument Basis Spread On Variable Rate Alternative	0.50%
LIBOR
Line of Credit Facility [Line Items]
Debt Instrument Basis Spread On Variable Rate Alternative	1.00%
LIBOR Rate Borrowings
Line of Credit Facility [Line Items]
Marginal Interest Rate on Combined Fixed and Variable Rate		2.50%
LIBOR Rate Borrowings | Minimum
Line of Credit Facility [Line Items]
Marginal Interest Rate on Combined Fixed and Variable Rate		2.00%
LIBOR Rate Borrowings | Maximum
Line of Credit Facility [Line Items]
Marginal Interest Rate on Combined Fixed and Variable Rate		2.75%
Base Rate Borrowings
Line of Credit Facility [Line Items]
Marginal Interest Rate on Combined Fixed and Variable Rate		1.50%
Base Rate Borrowings | Minimum
Line of Credit Facility [Line Items]
Marginal Interest Rate on Combined Fixed and Variable Rate		1.00%
Base Rate Borrowings | Maximum
Line of Credit Facility [Line Items]
Marginal Interest Rate on Combined Fixed and Variable Rate		1.75%

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Financial Instruments (Details) (Foreign Exchange Forward, USD $) In Millions, unless otherwise specified			6 Months Ended
	Jun. 29, 2012 Other current assets Fair Value, Inputs, Level 1	Dec. 30, 2011 Other current assets Fair Value, Inputs, Level 1	Jun. 29, 2012 Other (loss) income, net
Derivatives, Fair Value [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain			$ 0.1
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	$ 0.3	$ 0.6

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Commitments and Contingencies (Details) (USD $) In Thousands, unless otherwise specified	0 Months Ended	3 Months Ended		6 Months Ended
	Sep. 25, 1996 sites	Jun. 29, 2012	Jul. 01, 2011	Jun. 29, 2012	Jul. 01, 2011
Commitments and Contingencies Disclosure [Abstract]
Number of National Priorities List sites for which the Company is indemnified for substantially all costs related to specifically identified environmental matters	11
Number of National Priorities List sites for which the Company is indemnified for certain potential costs related to specifically identified environmental matters	9
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Balance, beginning of period		$ 5,412	$ 5,403	$ 5,050	$ 5,561
Payments made or service provided		(669)	(1,284)	(1,412)	(1,952)
Warranty expense		788	1,549	1,668	1,945
Foreign currency translation		(259)	78	(34)	192
Balance, end of period		$ 5,272	$ 5,746	$ 5,272	$ 5,746

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Inventories

6 Months Ended

Jun. 29, 2012

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories were comprised of:

	June 29, 2012		December 30, 2011
	(in thousands)
Aluminum and steel coil	$	65,545	$	52,681
Raw materials	14,486		12,808
Work in process	2,617		2,980
Finished products	15,205		14,927
	$	97,853	$	83,396

The Company has disclosed aluminum and steel coil inventory separately, as it represents inventory that can be classified as raw material, work in process or finished product. Aluminum and steel coil includes both painted and bare coil. Inventories are net of related reserves totaling $2.8 million and $3.0 million as of June 29, 2012 and December 30, 2011, respectively.

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Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 29, 2012	Jul. 01, 2011	Jun. 29, 2012	Jul. 01, 2011
Income Tax Disclosure [Abstract]
Effective Income Tax Rate, Continuing Operations	6.40%	66.10%	5.70%	(2.40%)

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Supplemental Guarantor Condensed Financial Information - Consolidated Statements of Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 29, 2012	Jul. 01, 2011
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	$ (21,387)	$ (9,736)
Cash flows from investing activities:
Proceeds from sale of assets	1,233	64
Capital expenditures	(2,647)	(5,990)
Contributed capital to subsidiaries		0
Return of capital from subsidiaries		0
Net cash used in investing activities	(1,414)	(5,926)
Cash flows from financing activities:
Changes in bank overdrafts	3,027	1,690
Net borrowings on ABL Credit Facility	17,635	25,931
Net repayments on First Lien Credit Facility	0	(412,028)
Borrowings under Senior Secured Notes	0	375,000
Borrowings under Senior Unsecured Notes	0	19,812
Contributed capital to subsidiaries		0
Return of capital		0
Debt issuance costs	(47)	(10,476)
Due (to) from affiliates	0	0
Net cash provided by (used in) financing activities	20,615	(71)
Effect of exchange rate changes on cash	(240)	2,734
Net decrease in cash and cash equivalents	(2,426)	(12,999)
Cash and cash equivalents at beginning of period	14,327	24,902
Cash and cash equivalents at end of period	11,901	11,903
Parent
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	0	0
Cash flows from investing activities:
Proceeds from sale of assets	0	0
Capital expenditures	0	0
Contributed capital to subsidiaries		0
Return of capital from subsidiaries		0
Net cash used in investing activities	0	0
Cash flows from financing activities:
Changes in bank overdrafts	0	0
Net borrowings on ABL Credit Facility	0	0
Net repayments on First Lien Credit Facility		0
Borrowings under Senior Secured Notes		0
Borrowings under Senior Unsecured Notes		0
Contributed capital to subsidiaries		0
Return of capital		0
Debt issuance costs	0	0
Due (to) from affiliates	0	0
Net cash provided by (used in) financing activities	0	0
Effect of exchange rate changes on cash	0	0
Net decrease in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Subsidiary Issuer
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	(22,914)	(3,191)
Cash flows from investing activities:
Proceeds from sale of assets	1,231	64
Capital expenditures	(1,365)	(3,977)
Contributed capital to subsidiaries		(88,096)
Return of capital from subsidiaries		151,083
Net cash used in investing activities	(134)	59,074
Cash flows from financing activities:
Changes in bank overdrafts	3,027	1,690
Net borrowings on ABL Credit Facility	17,635	25,931
Net repayments on First Lien Credit Facility		(302,394)
Borrowings under Senior Secured Notes		375,000
Borrowings under Senior Unsecured Notes		19,812
Contributed capital to subsidiaries		0
Return of capital		0
Debt issuance costs	0	(10,476)
Due (to) from affiliates	1,581	(173,597)
Net cash provided by (used in) financing activities	22,243	(64,034)
Effect of exchange rate changes on cash	0	0
Net decrease in cash and cash equivalents	(805)	(8,151)
Cash and cash equivalents at beginning of period	962	8,271
Cash and cash equivalents at end of period	157	120
Non-Guarantor
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	1,527	(6,545)
Cash flows from investing activities:
Proceeds from sale of assets	2	0
Capital expenditures	(1,282)	(2,013)
Contributed capital to subsidiaries		0
Return of capital from subsidiaries		0
Net cash used in investing activities	(1,280)	(2,013)
Cash flows from financing activities:
Changes in bank overdrafts	0	0
Net borrowings on ABL Credit Facility	0	0
Net repayments on First Lien Credit Facility		(109,634)
Borrowings under Senior Secured Notes		0
Borrowings under Senior Unsecured Notes		0
Contributed capital to subsidiaries		88,096
Return of capital		(151,083)
Debt issuance costs	(47)	0
Due (to) from affiliates	(1,581)	173,597
Net cash provided by (used in) financing activities	(1,628)	976
Effect of exchange rate changes on cash	(240)	2,734
Net decrease in cash and cash equivalents	(1,621)	(4,848)
Cash and cash equivalents at beginning of period	13,365	16,631
Cash and cash equivalents at end of period	11,744	11,783
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	0	0
Cash flows from investing activities:
Proceeds from sale of assets	0	0
Capital expenditures	0	0
Contributed capital to subsidiaries		88,096
Return of capital from subsidiaries		(151,083)
Net cash used in investing activities	0	(62,987)
Cash flows from financing activities:
Changes in bank overdrafts	0	0
Net borrowings on ABL Credit Facility	0	0
Net repayments on First Lien Credit Facility		0
Borrowings under Senior Secured Notes		0
Borrowings under Senior Unsecured Notes		0
Contributed capital to subsidiaries		(88,096)
Return of capital		151,083
Debt issuance costs	0	0
Due (to) from affiliates	0	0
Net cash provided by (used in) financing activities	0	62,987
Effect of exchange rate changes on cash	0	0
Net decrease in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	$ 0	$ 0

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Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 29, 2012	Dec. 30, 2011	Jul. 01, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 11,901	$ 14,327	$ 11,903	$ 24,902
Accounts receivable, net of allowance for doubtful accounts of $3,235 and $4,391, respectively	99,874	83,234
Inventories, net	97,853	83,396
Income taxes receivable	885	697
Deferred income taxes	2,232	1,906
Other current assets	6,393	4,336
Total current assets	219,138	187,896
Property, plant and equipment, net	138,477	146,549
Goodwill	194,432	196,686
Customer relationships, net	61,418	69,636
Other intangible assets, net	7,812	8,148
Deferred income taxes	23	6
Other assets	11,221	10,325
Total assets	632,521	619,246
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Accounts payable, including cash overdrafts of $3,091 and $65, respectively	72,138	54,329
Accrued expenses and other current liabilities	30,913	33,425
Accrued interest payable	9,153	8,886
Deferred income taxes	870	891
Total current liabilities	113,074	97,531
Long-term debt	525,847	507,988
Deferred income taxes	23,471	21,501
Other liabilities	45,639	45,519
Total liabilities	708,031	672,539
Shareholders’ equity (deficit):
Common stock	185	185
Additional paid-in capital	720,364	718,837
Accumulated loss	(805,799)	(782,087)
Accumulated other comprehensive income	9,740	9,772
Total shareholders’ equity (deficit)	(75,510)	(53,293)
Total liabilities and shareholders’ equity (deficit)	$ 632,521	$ 619,246

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Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 29, 2012	Jul. 01, 2011
Net cash used in operating activities	$ (21,387)	$ (9,736)
Cash flows from investing activities:
Proceeds from sales of assets	1,233	64
Capital expenditures	(2,647)	(5,990)
Net cash used in investing activities	(1,414)	(5,926)
Cash flows from financing activities:
Changes in cash overdrafts	3,027	1,690
Net borrowings on ABL Credit Facility	17,635	25,931
Net repayments on First Lien Credit Facility	0	(412,028)
Borrowings under Senior Secured Notes	0	375,000
Borrowings under Senior Unsecured Notes	0	19,812
Debt issuance costs	(47)	(10,476)
Net cash provided by (used in) financing activities	20,615	(71)
Effect of exchange rate changes on cash	(240)	2,734
Net decrease in cash and cash equivalents	(2,426)	(12,999)
Cash and cash equivalents at beginning of period	14,327	24,902
Cash and cash equivalents at end of period	$ 11,901	$ 11,903

XML

Segment Information - Segment Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 29, 2012	Jul. 01, 2011	Jun. 29, 2012 segments	Jul. 01, 2011
Segment Reporting Information [Line Items]
Third party, net sales	$ 223,792	$ 256,858	$ 422,475	$ 467,237
Intersegment, net sales	0	0	0	0
Total net sales	223,792	256,858	422,475	467,237
Income (loss) from operations	8,065	8,569	7,779	9,381
Depreciation and amortization	8,633	9,509	17,314	18,746
Capital expenditures	1,221	2,714	2,647	5,990
Segment Reporting, Disclosure of Other Information about Entity's Reportable Segments [Abstract]
Number of reportable segments			4
U.S. Residential Products
Segment Reporting Information [Line Items]
Third party, net sales	76,550	82,928	137,196	143,112
Intersegment, net sales	311	261	583	515
Total net sales	76,861	83,189	137,779	143,627
Income (loss) from operations	7,484	7,238	10,786	10,132
Depreciation and amortization	2,644	2,841	5,287	5,686
Capital expenditures	289	121	740	435
U.S. Commercial Products
Segment Reporting Information [Line Items]
Third party, net sales	78,778	78,073	142,933	144,895
Intersegment, net sales	39	66	129	70
Total net sales	78,817	78,139	143,062	144,965
Income (loss) from operations	1,511	2,203	(1,542)	(37)
Depreciation and amortization	2,026	2,071	4,074	4,171
Capital expenditures	200	1,074	395	2,035
European Roll Coated Aluminum
Segment Reporting Information [Line Items]
Third party, net sales	49,324	72,543	103,472	132,989
Intersegment, net sales	107	230	265	396
Total net sales	49,431	72,773	103,737	133,385
Income (loss) from operations	3,291	4,631	5,884	9,437
Depreciation and amortization	2,358	2,792	4,755	5,435
Capital expenditures	273	367	750	763
European Engineered Products
Segment Reporting Information [Line Items]
Third party, net sales	19,140	23,314	38,874	46,241
Intersegment, net sales	0	0	0	0
Total net sales	19,140	23,314	38,874	46,241
Income (loss) from operations	(463)	(32)	(843)	543
Depreciation and amortization	631	848	1,253	1,628
Capital expenditures	149	516	452	1,182
Other Non-Allocated
Segment Reporting Information [Line Items]
Third party, net sales	0	0	0	0
Intersegment, net sales	0	0	0	0
Total net sales	0	0	0	0
Income (loss) from operations	(3,758)	(5,471)	(6,506)	(10,694)
Depreciation and amortization	974	957	1,945	1,826
Capital expenditures	310	636	310	1,575
Eliminations
Segment Reporting Information [Line Items]
Third party, net sales	0	0	0	0
Intersegment, net sales	(457)	(557)	(977)	(981)
Total net sales	(457)	(557)	(977)	(981)
Income (loss) from operations	0	0	0	0
Depreciation and amortization	0	0	0	0
Capital expenditures	$ 0	$ 0	$ 0	$ 0
U.S.
Segment Reporting, Disclosure of Other Information about Entity's Reportable Segments [Abstract]
Number of legal entities into which US operating companies are organized			1
Number of reportable segments			2

XML

Segment Information (Tables)

6 Months Ended

Jun. 29, 2012

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents information about reported segments for the three months ended June 29, 2012:

	U.S. Residential Products		U.S. Commercial Products		European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Three months ended June 29, 2012	(in thousands)
Net sales:
Third party	$	76,550	$	78,778	$	49,324	$	19,140		$	—		$	—		$	223,792
Intersegment	311		39		107		—			—			(457		)	—
Total net sales	$	76,861	$	78,817	$	49,431	$	19,140		$	—		$	(457	)	$	223,792
Income (loss) from operations	$	7,484	$	1,511	$	3,291	$	(463	)	$	(3,758	)	$	—		$	8,065
Depreciation and amortization	$	2,644	$	2,026	$	2,358	$	631		$	974		$	—		$	8,633
Capital expenditures	$	289	$	200	$	273	$	149		$	310		$	—		$	1,221

The following table presents information about reported segments for the three months ended July 1, 2011:

	U.S. Residential Products		U.S. Commercial Products		European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Three months ended July 1, 2011	(in thousands)
Net sales:
Third party	$	82,928	$	78,073	$	72,543	$	23,314		$	—		$	—		$	256,858
Intersegment	261		66		230		—			—			(557		)	—
Total net sales	$	83,189	$	78,139	$	72,773	$	23,314		$	—		$	(557	)	$	256,858
Income (loss) from operations	$	7,238	$	2,203	$	4,631	$	(32	)	$	(5,471	)	$	—		$	8,569
Depreciation and amortization	$	2,841	$	2,071	$	2,792	$	848		$	957		$	—		$	9,509
Capital expenditures	$	121	$	1,074	$	367	$	516		$	636		$	—		$	2,714

The following table presents information about reported segments for the six months ended June 29, 2012:

	U.S. Residential Products		U.S. Commercial Products			European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Six months ended June 29, 2012	(in thousands)
Net sales:
Third party	$	137,196	$	142,933		$	103,472	$	38,874		$	—		$	—		$	422,475
Intersegment	583		129			265		—			—			(977		)	—
Total net sales	$	137,779	$	143,062		$	103,737	$	38,874		$	—		$	(977	)	$	422,475
Income (loss) from operations	$	10,786	$	(1,542	)	$	5,884	$	(843	)	$	(6,506	)	$	—		$	7,779
Depreciation and amortization	$	5,287	$	4,074		$	4,755	$	1,253		$	1,945		$	—		$	17,314
Capital expenditures	$	740	$	395		$	750	$	452		$	310		$	—		$	2,647

The following table presents information about reported segments for the six months ended July 1, 2011:

	U.S. Residential Products		U.S. Commercial Products			European Roll Coated Aluminum		European Engineered Products		Other Non- Allocated			Eliminations			Consolidated
Six months ended July 1, 2011	(in thousands)
Net sales:
Third party	$	143,112	$	144,895		$	132,989	$	46,241	$	—		$	—		$	467,237
Intersegment	515		70			396		—		—			(981		)	—
Total net sales	$	143,627	$	144,965		$	133,385	$	46,241	$	—		$	(981	)	$	467,237
Income (loss) from operations	$	10,132	$	(37	)	$	9,437	$	543	$	(10,694	)	$	—		$	9,381
Depreciation and amortization	$	5,686	$	4,171		$	5,435	$	1,628	$	1,826		$	—		$	18,746
Capital expenditures	$	435	$	2,035		$	763	$	1,182	$	1,575		$	—		$	5,990

Revenue from External Customers by Market

It is impractical for the Company to provide revenues from external customers by groups of similar products. Accordingly, the following table reflects revenues from external customers by markets for the periods indicated.

		Three months ended				Six months ended
Customers/Markets	Primary Products	June 29, 2012		July 1, 2011		June 29, 2012		July 1, 2011
		(in thousands)
Original Equipment Manufacturers (“OEMs”)	Painted aluminum sheet and coil; fabricated painted aluminum, laminated and fiberglass panels; windows and roofing and composite building panels	$	57,429	$	66,465	$	118,488	$	132,953
Home Improvement Retailers	Rain carrying systems, roofing accessories, steel roofing and siding, windows, doors and shower enclosures	49,615		53,344		87,934		93,305
Industrial and Architectural Contractors	Standing seam panels; siding and roofing accessories; and composite building panels	34,698		53,835		70,588		92,743
Rural Contractors	Steel and aluminum roofing and siding	37,188		33,185		64,296		60,052
Distributors	Metal coils, rain carrying systems and roofing accessories	24,702		28,947		44,890		48,495
Manufactured Housing	Steel siding and trim components	9,560		9,955		18,026		20,222
Home Improvement Contractors	Vinyl replacement windows; metal coils, rain carrying systems; metal roofing and insulated roofing panels; shower, patio and entrance doors; and awnings	10,600		11,127		18,253		19,467
		$	223,792	$	256,858	$	422,475	$	467,237

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Segment Information - Revenues from External Customers (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 29, 2012	Jul. 01, 2011	Jun. 29, 2012	Jul. 01, 2011
Revenue from External Customer [Line Items]
Sales Revenue, Goods, Net	$ 223,792	$ 256,858	$ 422,475	$ 467,237
Original Equipment Manufacturers (OEM's)
Revenue from External Customer [Line Items]
Sales Revenue, Goods, Net	57,429	66,465	118,488	132,953
Home Improvement Retailers
Revenue from External Customer [Line Items]
Sales Revenue, Goods, Net	49,615	53,344	87,934	93,305
Industrial and Architectural Contractors
Revenue from External Customer [Line Items]
Sales Revenue, Goods, Net	34,698	53,835	70,588	92,743
Rural Contractors
Revenue from External Customer [Line Items]
Sales Revenue, Goods, Net	37,188	33,185	64,296	60,052
Distributors
Revenue from External Customer [Line Items]
Sales Revenue, Goods, Net	24,702	28,947	44,890	48,495
Manufactured Housing
Revenue from External Customer [Line Items]
Sales Revenue, Goods, Net	9,560	9,955	18,026	20,222
Home Improvement Contractors
Revenue from External Customer [Line Items]
Sales Revenue, Goods, Net	$ 10,600	$ 11,127	$ 18,253	$ 19,467

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Inventories (Details) (USD $)	Jun. 29, 2012	Dec. 30, 2011
Inventory Disclosure [Abstract]
Aluminum and steel coil	$ 65,545,000	$ 52,681,000
Raw materials	14,486,000	12,808,000
Work in process	2,617,000	2,980,000
Finished products	15,205,000	14,927,000
Inventories, net	97,853,000	83,396,000
Inventory valuation reserves	$ (2,800,000)	$ (3,000,000)

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Basis of Presentation and Principles of Consolidation

6 Months Ended

Jun. 29, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and Principles of Consolidation

Basis of Presentation and Principles of Consolidation

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements of Euramax Holdings, Inc. and its subsidiaries (the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, these statements include all adjustments considered necessary for the fair presentation of all interim periods reported herein. All adjustments are of a normal recurring nature unless otherwise disclosed.

The Company’s sales volumes have historically been higher in the second and third quarters due to the seasonal demand of the building products markets served. Accordingly, results for the three and six months ended June 29, 2012 are not necessarily indicative of the results that may be expected for the full year. Management believes that the disclosures made are adequate for a fair presentation of the Company’s results of operations, financial position and cash flows. These condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 30, 2011.

Principles of Consolidation

The accompanying condensed consolidated financial statements include the Company’s accounts and the accounts of its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Each of our interim reporting periods, ends on the Friday closest to the last day of the corresponding quarterly calendar period. The second quarter of 2012 and 2011 ended on June 29, 2012 and July 1, 2011, respectively. Beginning in 2012, our fiscal year will end on December 31 regardless of the day of the week on which December 31 falls. Our 2011 fiscal year end was December 30, 2011.

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Condensed Consolidated Balance Sheets (Parentheticals) (USD $) In Thousands, unless otherwise specified	Jun. 29, 2012	Dec. 30, 2011
Allowance for doubtful accounts	$ 3,235	$ 4,391
Cash overdrafts	$ 3,091	$ 65

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Basis of Presentation and Principles of Consolidation (Policies)

6 Months Ended

Jun. 29, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Accounting, Policy

The accompanying unaudited condensed consolidated financial statements of Euramax Holdings, Inc. and its subsidiaries (the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, these statements include all adjustments considered necessary for the fair presentation of all interim periods reported herein. All adjustments are of a normal recurring nature unless otherwise disclosed.

Fiscal Period, Policy

Each of our interim reporting periods, ends on the Friday closest to the last day of the corresponding quarterly calendar period. The second quarter of 2012 and 2011 ended on June 29, 2012 and July 1, 2011, respectively. Beginning in 2012, our fiscal year will end on December 31 regardless of the day of the week on which December 31 falls. Our 2011 fiscal year end was December 30, 2011.

Income Tax, Policy

The income tax provision (benefit) for 2012 and 2011 are computed at the effective rate expected to be applicable in each respective full year using the statutory rates on a country by country basis, adjusted for changes in valuation allowances relating to the Company’s net operating loss and capital loss carryforwards.

Pension and Other Postretirement Plans, Pensions, Policy

The Company maintains a non-contributory defined benefit pension plan covering substantially all U.S. hourly employees (the U.S. Plan). In addition, the employees at Euramax Coated Products Limited and Ellbee Limited participate in a single employer pension plan (the UK Plan). The measurement date for the U.S. and UK plans is the last day of the fiscal year. The Company curtailed the accrual of participant benefits provided under the UK Plan effective March 31, 2009. This curtailment did not affect the timing for the payment of benefits earned under the UK Plan through the curtailment date. In January 2010, the Company's board of directors approved a motion to freeze future benefit accruals under the U.S. Pension Plan.

Fair Value Measurement, Policy

Nonrecurring Fair Value Measurements

In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company records assets and liabilities at fair value on a nonrecurring basis as required by accounting principles generally accepted in the United States. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges.

Recurring Fair Value Measurements

In accordance with accounting principles generally accepted in the United States, certain assets and liabilities are required to be recorded at fair value on a recurring basis. For our Company, the only assets and liabilities that are adjusted to fair value on a recurring basis are derivative financial instruments.

XML

Document Entity Information	6 Months Ended
	Jun. 29, 2012	Aug. 09, 2012
Entity Information
Entity Registrant Name	Euramax Holdings, Inc.
Entity Central Index Key	0001026743
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 29, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		185,663

XML

Inventories (Tables)

6 Months Ended

Jun. 29, 2012

Inventory Disclosure [Abstract]

Schedule of Inventory, Current

Inventories were comprised of:

	June 29, 2012		December 30, 2011
	(in thousands)
Aluminum and steel coil	$	65,545	$	52,681
Raw materials	14,486		12,808
Work in process	2,617		2,980
Finished products	15,205		14,927
	$	97,853	$	83,396

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Condensed Consolidated Statements of Operations (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 29, 2012	Jul. 01, 2011	Jun. 29, 2012	Jul. 01, 2011
Net sales	$ 223,792	$ 256,858	$ 422,475	$ 467,237
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	185,135	212,358	351,700	386,241
Selling and general (excluding depreciation and amortization)	21,039	23,738	43,920	47,768
Depreciation and amortization	8,633	9,509	17,314	18,746
Other operating charges	920	1,484	1,762	3,901
Multiemployer pension withdrawal expense	0	1,200	0	1,200
Income from operations	8,065	8,569	7,779	9,381
Interest expense	(13,861)	(13,619)	(27,397)	(28,752)
Other (loss) income, net	(8,863)	3,770	(2,819)	8,656
Loss before income taxes	(14,659)	(1,280)	(22,437)	(10,715)
Provision (benefit) for income taxes	933	846	1,275	(258)
Net loss	$ (15,592)	$ (2,126)	$ (23,712)	$ (10,457)

XML

Income Taxes

6 Months Ended

Jun. 29, 2012

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The income tax provision (benefit) for 2012 and 2011 are computed at the effective rate expected to be applicable in each respective full year using the statutory rates on a country by country basis, adjusted for changes in valuation allowances relating to the Company’s net operating loss and capital loss carryforwards. The effective rates for the three month periods ended June 29, 2012 and July 1, 2011, were 6.4% and 66.1%, respectively.

The effective rate for the three months ended June 29, 2012 differed from the U.S. statutory rate primarily due to state income taxes, lower tax rates of our foreign operations as compared to the U.S. federal rates, U.S. tax impact of foreign dividends and non-deductible foreign currency transaction gains and losses, and valuation allowances related to net losses in the U.K. and for U.S. federal and state net operating losses.

The effective rate for the three months ended July 1, 2011 differed from the U.S. statutory rate primarily due to state income taxes, lower tax rates of our foreign operations as compared to the U.S. federal rates, U.S. tax impact of foreign dividends and non-deductible foreign currency transaction gains and losses, recognition of additional provision for foreign taxes unrelated to current year earnings, and valuation allowances for U.S. federal and state net operating losses.

The effective tax rates for the six month periods ended June 29, 2012 and July 1, 2011, were 5.7% and (2.4)%, respectively.

The effective rate for the six months ended June 29, 2012 differed from the U.S. statutory rate primarily due to state income taxes, lower tax rates of our foreign operations as compared to the U.S. federal rates, U.S. tax impact of foreign dividends and non-deductible foreign currency transaction gains and losses, and valuation allowances related to net losses in the U.K. and for U.S. federal and state net operating losses.

The effective rate for the six months ended July 1, 2011 differed from the U.S. statutory rate primarily due to state income taxes, lower tax rates of our foreign operations as compared to the U.S. federal rates, U.S. tax impact of foreign dividends and non-deductible foreign currency transaction gains and losses, recognition of additional provision for foreign taxes unrelated to current year earnings, and valuation allowances for U.S. federal and state net operating losses.

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Commitments and Contingencies

6 Months Ended

Jun. 29, 2012

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Raw Material Commitments

The Company’s primary raw materials are aluminum and steel coil. Because changes in aluminum and steel prices are generally passed through to customers, increases or decreases in aluminum and steel prices generally cause corresponding increases and decreases in reported net sales, causing fluctuations in reported revenues that are unrelated to the level of business activity. However, if the Company is unable to pass through aluminum and steel price increases to customers in the future, its business and results of operations could be materially adversely affected. Although the Company believes there is sufficient supply in the marketplace to competitively source all of its aluminum and steel needs without reliance on any particular supplier, any major disruption in the supply and/or price of aluminum and steel could have a material adverse effect on the Company’s business and financial condition.

To ensure a margin on specific customer orders, the Company may commit to purchase aluminum ingot or coil at a fixed market price for future delivery. These contracts are for normal purchases and sales, and therefore are not required to be accounted for as derivatives.

Litigation

The Company is currently party to legal proceedings that have arisen in the ordinary course of business. The Company has and will continue to vigorously defend itself in these matters. It is the opinion of the Company’s management, based upon information available at this time, that the expected outcome of all matters to which the Company is currently a party would not reasonably be expected to have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company.

Environmental Matters

The Company’s operations are subject to federal, state, local and European environmental laws and regulations, including those concerning the management of pollution and hazardous substances.

In connection with the acquisition of the Company from Alumax Inc. (which was acquired by Aluminum Company of America in May 1998, and hereafter referred to as Alumax) on September 25, 1996, the Company was indemnified by Alumax for substantially all of its costs, if any, related to specifically identified environmental matters arising prior to the closing date of the acquisition during the period of time it was owned directly or indirectly by Alumax. Such indemnification includes costs that may ultimately be incurred to contribute to the remediation of eleven specified existing National Priorities List (NPL) sites for which the Company had been named a potentially responsible party under the federal Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) as of the closing date of the acquisition from Alumax, as well as certain potential costs for nine sites to which the Company may have sent waste for disposal. The Company does not believe that it has any significant probable liability for environmental claims. Further, the Company believes it to be unlikely that the Company would be required to bear environmental costs in excess of its pro rata share of such costs as a potentially responsible party at any site. Any receivable for recoveries under the indemnification would be recorded separately from the corresponding liability when the environmental claim and related recovery is determined to be probable. In addition, the Company establishes reserves for remedial measures required from time to time at its own facilities. Management believes that the reasonably probable outcomes of these matters will not be material. The Company’s reserves, expenditures, and expenses for all environmental exposures were not significant as of any of the dates or for any of the periods presented.

Product Warranties

The Company provides warranties on certain products. The warranty periods differ depending on the product, but generally range from one year to limited lifetime warranties. The Company provides accruals for warranties based on historical experience and expectations of future occurrence. Changes in the product warranty accrual are summarized as follows:

	Three months ended						Six months ended
	June 29, 2012			July 1, 2011			June 29, 2012			July 1, 2011
	(in thousands)						(in thousands)
Balance, beginning of period	$	5,412		$	5,403		$	5,050		$	5,561
Payments made or service provided	(669		)	(1,284		)	(1,412		)	(1,952		)
Warranty expense	788			1,549			1,668			1,945
Foreign currency translation	(259		)	78			(34		)	192
Balance, end of period	$	5,272		$	5,746		$	5,272		$	5,746

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Supplemental Guarantor Condensed Financial Information (Tables)

6 Months Ended

Jun. 29, 2012

Supplemental Guarantor Condensed Financial Information [Abstract]

Schedule of Condensed Balance Sheet

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

June 29, 2012
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	157		$	11,744		$	—		$	11,901
Accounts receivable, net of allowance for doubtful accounts	—			54,930			44,944			—			99,874
Inventories, net	—			66,016			31,837			—			97,853
Income taxes receivable	—			340			545			—			885
Deferred income taxes	—			1,702			530			—			2,232
Other current assets	—			3,848			2,545			—			6,393
Total current assets	—			126,993			92,145			—			219,138
Property, plant and equipment, net	—			67,662			70,815			—			138,477
Amounts due from affiliates	—			216,813			18,521			(235,334		)	—
Goodwill	—			81,054			113,378			—			194,432
Customer relationships, net	—			38,365			23,053			—			61,418
Other intangible assets, net	—			7,812			—			—			7,812
Investment in consolidated subsidiaries	(70,855		)	26,646			—			44,209			—
Deferred income taxes	—			—			23			—			23
Other assets	—			6,124			5,097			—			11,221
Total assets	$	(70,855	)	$	571,469		$	323,032		$	(191,125	)	$	632,521
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	—		$	46,253		$	25,885		$	—		$	72,138
Accrued expenses and other current liabilities	184			16,020			14,709			—			30,913
Accrued interest payable	—			9,153			—			—			9,153
Deferred income taxes	—			—			870			—			870
Total current liabilities	184			71,426			41,464			—			113,074
Long-term debt	—			525,847			—			—			525,847
Amounts due to affiliates	4,471			13,309			217,554			(235,334		)	—
Deferred income taxes	—			8,941			14,530			—			23,471
Other liabilities	—			22,801			22,838			—			45,639
Total liabilities	4,655			642,324			296,386			(235,334		)	708,031
Shareholders’ equity (deficit):
Common stock	185			—			21			(21		)	185
Additional paid-in capital	720,364			657,461			199,452			(856,913		)	720,364
Accumulated loss	(805,799		)	(738,056		)	(186,323		)	924,379			(805,799		)
Accumulated other comprehensive income	9,740			9,740			13,496			(23,236		)	9,740
Total shareholders’ equity (deficit)	(75,510		)	(70,855		)	26,646			44,209			(75,510		)
Total liabilities and shareholders’ equity (deficit)	$	(70,855	)	$	571,469		$	323,032		$	(191,125	)	$	632,521

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

December 30, 2011
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	962		$	13,365		$	—		$	14,327
Accounts receivable, net of allowance for doubtful accounts	—			43,241			39,993			—			83,234
Inventories, net	—			51,456			31,940			—			83,396
Income taxes receivable	—			177			520			—			697
Deferred income taxes	—			1,702			204			—			1,906
Other current assets	—			2,688			1,648			—			4,336
Total current assets	—			100,226			87,670			—			187,896
Property, plant and equipment, net	—			72,848			73,701			—			146,549
Amounts due from affiliates	—			232,191			28,360			(260,551		)	—
Goodwill	—			81,054			115,632			—			196,686
Customer relationships, net	—			43,110			26,526			—			69,636
Other intangible assets, net	—			8,148			—			—			8,148
Investment in consolidated subsidiaries	(48,935		)	30,605			—			18,330			—
Deferred income taxes	—			—			6			—			6
Other assets	—			6,418			3,907			—			10,325
Total assets	$	(48,935	)	$	574,600		$	335,802		$	(242,221	)	$	619,246
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	—		$	32,692		$	21,637		$	—		$	54,329
Accrued expenses and other current liabilities	96			16,623			16,706			—			33,425
Accrued interest payable	—			8,886			—			—			8,886
Deferred income taxes	—			—			891			—			891
Total current liabilities	96			58,201			39,234			—			97,531
Long-term debt	—			507,988			—			—			507,988
Amounts due to affiliates	4,262			27,315			228,974			(260,551		)	—
Deferred income taxes	—			8,158			13,343			—			21,501
Other liabilities	—			21,873			23,646			—			45,519
Total liabilities	4,358			623,535			305,197			(260,551		)	672,539
Shareholders’ equity (deficit):
Common stock	185			—			21			(21		)	185
Additional paid-in capital	718,837			655,934			199,452			(855,386		)	718,837
Accumulated loss	(782,087		)	(714,641		)	(182,232		)	896,873			(782,087		)
Accumulated other comprehensive income	9,772			9,772			13,364			(23,136		)	9,772
Total shareholders’ equity (deficit)	(53,293		)	(48,935		)	30,605			18,330			(53,293		)
Total liabilities and shareholders’ equity (deficit)	$	(48,935	)	$	574,600		$	335,802		$	(242,221	)	$	619,246

Schedule of Condensed Income Statement

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFor the Three Months Ended June 29, 2012
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	152,875		$	73,957		$	(3,040	)	$	223,792
Costs and Expense:
Cost of goods sold (excluding depreciation and amortization)	—			126,540			61,635			(3,040		)	185,135
Selling and general (excluding depreciation and amortization)	148			14,516			6,375			—			21,039
Depreciation and amortization	—			5,532			3,101			—			8,633
Other operating charges	—			796			124			—			920
Income (loss) from operations	(148		)	5,491			2,722			—			8,065
Equity in earnings of subsidiaries	(15,444		)	(1,101		)	—			16,545			—
Interest expense	—			(13,604		)	(257		)	—			(13,861		)
Intercompany (loss) income, net	—			4,299			(4,299		)	—			—
Other income (loss), net	—			(9,882		)	1,019			—			(8,863		)
Loss before income taxes	(15,592		)	(14,797		)	(815		)	16,545			(14,659		)
Provision for income taxes	—			647			286			—			933
Net loss	$	(15,592	)	$	(15,444	)	$	(1,101	)	$	16,545		$	(15,592	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFor the Six Months Ended July 1, 2011
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	283,120		$	189,196		$	(5,079	)	$	467,237
Costs and Expense:
Cost of Goods Sold (excluding depreciation and amortization)	—			235,825			155,495			(5,079		)	386,241
Selling and general (excluding depreciation and amortization)	297			30,453			17,018			—			47,768
Depreciation and amortization	—			11,416			7,330			—			18,746
Other operating charges	—			3,527			374			—			3,901
Multiemployer pension withdrawal expense	—			1,200			—			—			1,200
Income (loss) from operations	(297		)	699			8,979			—			9,381
Equity in earnings of subsidiaries	(10,160		)	3,084			—			7,076			—
Interest expense	—			(25,987		)	(2,765		)	—			(28,752		)
Intercompany income (loss), net	—			5,484			(5,484		)	—			—
Other income, net	—			6,303			2,353			—			8,656
(Loss) income before income taxes	(10,457		)	(10,417		)	3,083			7,076			(10,715		)
Income tax benefit	—			(257		)	(1		)	—			(258		)
Net (loss) income	$	(10,457	)	$	(10,160	)	$	3,084		$	7,076		$	(10,457	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFor the Three Months Ended July 1, 2011
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	158,166		$	101,434		$	(2,742	)	$	256,858
Costs and Expense:
Cost of Goods Sold (excluding depreciation and amortization)	—			130,578			84,522			(2,742		)	212,358
Selling and general (excluding depreciation and amortization)	149			15,216			8,373			—			23,738
Depreciation and amortization	—			5,724			3,785			—			9,509
Other operating charges	—			1,110			374			—			1,484
Multiemployer pension withdrawal expense	—			1,200			—			—			1,200
Income (loss) from operations	(149		)	4,338			4,380			—			8,569
Equity in earnings of subsidiaries	(1,977		)	(2,314		)	—			4,291			—
Interest expense	—			(13,605		)	(14		)	—			(13,619		)
Intercompany income (loss), net	—			4,854			(4,854		)	—			—
Other income (loss), net	—			4,813			(1,043		)	—			3,770
Loss before income taxes	(2,126		)	(1,914		)	(1,531		)	4,291			(1,280		)
Income tax provision	—			63			783			—			846
Net loss	$	(2,126	)	$	(1,977	)	$	(2,314	)	$	4,291		$	(2,126	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFor the Six Months Ended June 29, 2012
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	275,317		$	151,688		$	(4,530	)	$	422,475
Costs and Expense:
Cost of goods sold (excluding depreciation and amortization)	—			230,187			126,043			(4,530		)	351,700
Selling and general (excluding depreciation and amortization)	297			29,434			14,189			—			43,920
Depreciation and amortization	—			11,084			6,230			—			17,314
Other operating charges	—			1,077			685			—			1,762
Income (loss) from operations	(297		)	3,535			4,541			—			7,779
Equity in earnings of subsidiaries	(23,415		)	(4,090		)	—			27,505			—
Interest expense	—			(26,914		)	(483		)	—			(27,397		)
Intercompany income (loss), net	—			8,672			(8,672		)	—			—
Other (loss) income, net	—			(3,545		)	726			—			(2,819		)
Loss before income taxes	(23,712		)	(22,342		)	(3,888		)	27,505			(22,437		)
Provision for income taxes	—			1,073			202			—			1,275
Net loss	$	(23,712	)	$	(23,415	)	$	(4,090	)	$	27,505		$	(23,712	)

Schedule Of Condensed Statement Of Comprehensive Income (Loss)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

For the Three Months Ended July 1, 2011

(in thousands)

(unaudited)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(2,126	)	$	(1,977	)	$	(2,314	)	$	4,291		$	(2,126	)
Foreign currency translation adjustment	463			463			132			(595		)	463
Amortization of actuarial net loss, net of tax	21			21			—			(21		)	21
Comprehensive loss	$	(1,642	)	$	(1,493	)	$	(2,182	)	$	3,675		$	(1,642	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

For the Six Months Ended July 1, 2011

(in thousands)

(unaudited)

	Parent			Issuer			Non-Guarantor		Eliminations			Total
Net (loss) income	$	(10,457	)	$	(10,160	)	$	3,084	$	7,076		$	(10,457	)
Foreign currency translation adjustment	4,759			4,759			4,497		(9,256		)	4,759
Net change in pension and other benefit liabilities, net of tax	21			21			—		(21		)	21
Total comprehensive (loss) income	$	(5,677	)	$	(5,380	)	$	7,581	$	(2,201	)	$	(5,677	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOMEFor the Six Months Ended June 29, 2012
(in thousands)

(unaudited)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(23,712	)	$	(23,415	)	$	(4,090	)	$	27,505		$	(23,712	)
Foreign currency translation adjustment	(202		)	(202		)	86			116			(202		)
Net change in pension and other benefit liabilities, net of tax	170			170			46			(216		)	170
Total comprehensive loss	$	(23,744	)	$	(23,447	)	$	(3,958	)	$	27,405		$	(23,744	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOMEFor the Three Months Ended June 29, 2012
(in thousands)

(unaudited)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(15,592	)	$	(15,444	)	$	(1,101	)	$	16,545		$	(15,592	)
Foreign currency translation adjustment	(1,165		)	(1,165		)	(699		)	1,864			(1,165		)
Net change in pension and other benefit liabilities, net of tax	85			85			23			(108		)	85
Total comprehensive loss	$	(16,672	)	$	(16,524	)	$	(1,777	)	$	18,301		$	(16,672	)

Schedule of Condensed Cash Flow Statement

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFor the Six Months Ended June 29, 2012
(in thousands)

	Parent		Issuer			Non-Guarantor			Eliminations		Total
Net cash (used in) provided by operating activities	$	—	$	(22,914	)	$	1,527		$	—	$	(21,387	)
Cash flows from investing activities:
Proceeds from sale of assets	—		1,231			2			—		1,233
Capital expenditures	—		(1,365		)	(1,282		)	—		(2,647		)
Net cash used in investing activities	—		(134		)	(1,280		)	—		(1,414		)
Cash flows from financing activities:
Changes in cash overdraft	—		3,027			—			—		3,027
Net borrowings on ABL Credit Facility	—		17,635			—			—		17,635
Debt issuance costs	—		—			(47		)	—		(47		)
Due (to) from affiliates	—		1,581			(1,581		)	—		—
Net cash provided by (used in) financing activities	—		22,243			(1,628		)	—		20,615
Effect of exchange rate changes on cash	—		—			(240		)	—		(240		)
Net decrease in cash and cash equivalents	—		(805		)	(1,621		)	—		(2,426		)
Cash and cash equivalents at beginning of period	—		962			13,365			—		14,327
Cash and cash equivalents at end of period	$	—	$	157		$	11,744		$	—	$	11,901

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWSFor the Six Months Ended July 1, 2011
(in thousands)

	Parent		Issuer			Non-Guarantor			Eliminations			Total
Net cash used in operating activities	$	—	$	(3,191	)	$	(6,545	)	$	—		$	(9,736	)
Cash flows from investing activities:
Proceeds from sale of assets	—		64			—			—			64
Capital expenditures	—		(3,977		)	(2,013		)	—			(5,990		)
Contributed capital to subsidiaries	—		(88,096		)	—			88,096			—
Return of capital from subsidiaries	—		151,083			—			(151,083		)	—
Net cash (used in) provided by investing activities	—		59,074			(2,013		)	(62,987		)	(5,926		)
Cash flows from financing activities:
Changes in cash overdrafts	—		1,690			—			—			1,690
Net borrowings on ABL Credit Facility	—		25,931			—			—			25,931
Net repayments on First Lien Credit Facility	—		(302,394		)	(109,634		)	—			(412,028		)
Borrowings under Senior Secured Notes	—		375,000			—			—			375,000
Borrowings under Senior Unsecured Notes	—		19,812			—			—			19,812
Contributed capital to subsidiaries	—		—			88,096			(88,096		)	—
Return of capital	—		—			(151,083		)	151,083			—
Debt issuance costs	—		(10,476		)	—			—			(10,476		)
Due (to) from affiliates	—		(173,597		)	173,597			—			—
Net cash (used in) provided by financing activities	—		(64,034		)	976			62,987			(71		)
Effect of exchange rate changes on cash	—		—			2,734			—			2,734
Net decrease in cash and cash equivalents	—		(8,151		)	(4,848		)	—			(12,999		)
Cash and cash equivalents at beginning of period	—		8,271			16,631			—			24,902
Cash and cash equivalents at end of period	$	—	$	120		$	11,783		$	—		$	11,903

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Long-Term Obligations (Tables)

6 Months Ended

Jun. 29, 2012

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term obligations consisted of the following:

	June 29, 2012		December 30, 2011
	(in thousands)
Senior Secured Notes (9.50%)	$	375,000	$	375,000
Senior Unsecured Loan Facility (12.25%)	123,006		122,782
ABL Credit Facility	27,841		10,206
Dutch Revolving Credit Facility	—		—
	$	525,847	$	507,988

Schedule of Redemption Rates on Senior Secured Notes

The Notes may be redeemed at the option of Euramax, in whole or in part, under the conditions specified in the Indenture plus accrued and unpaid interest to the redemption date, at the following redemption prices if redeemed during the twelve-month period beginning on April 1 of the years indicated:

Year	Percentage
2013	107.125	%
2014	104.750	%
2015 and thereafter	100.000	%

Prepayment Rates on Senior Unsecured Loan Facility

The Senior Unsecured Loan Facility may not be voluntarily prepaid before March 18, 2013. Thereafter, Euramax may prepay outstanding amounts under the Senior Unsecured Loan Facility, in whole or in part, at the prices (expressed as percentages of the loans) set forth below:

Prepayment Date	Percentage
On or after the second anniversary of the closing but prior to the third anniversary thereof	103%
On or after the third anniversary of the closing but prior to the fourth anniversary thereof	102%
On or after the fourth anniversary of the closing	100%

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Segment Information

6 Months Ended

Jun. 29, 2012

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company manages its business and serves its customers through reportable segments differentiated by product type, end market, and geography. In the first quarter of 2012, the Company completed a reorganization of its U.S. operational structure. The reorganization included the consolidation of all U.S. operating companies into one legal entity and realigned reporting and management responsibilities based upon the Company's residential and commercial product offerings. As a result of the restructuring, the Company has identified two U.S. reporting segments; U.S. Residential Products and U.S. Commercial Products. Prior to this restructuring, our reporting segments consisted of U.S. Residential Building Products, U.S. Non-Residential Building Products and U.S. RV and Specialty Building Products. Our 2011 results have been adjusted to reflect the Company's change in reportable segments. These organizational changes did not impact our European reportable segments.

Our four reportable segments are described below:

U.S. Residential Products—The U.S. Residential Products segment utilizes aluminum, steel, copper and vinyl to produce residential roof drainage products, including preformed gutters, downspouts, elbows, soffit, drip edge, fascia, flashing, snow guards and related accessories. These products are used primarily for the repair, replacement or enhancement of residential roof drainage systems. The Company sells these products to home improvement retailers, lumber yards, distributors and contractors from manufacturing and distribution facilities throughout North America. The Company also produces specialty made-to-order vinyl replacement windows and aluminum patio and awning components sold primarily to home improvement contractors in the Western U.S.

U.S. Commercial Products—The U.S. Commercial Products segment utilizes various materials, including steel coil, aluminum coil and fiberglass to create various products with commercial applications, including roofing and siding panels, ridge caps, flashing, trim, soffit and other accessories as well as sidewall components, siding and other exterior components for the towable RV, cargo and manufactured housing markets. The Company sells these products to builders, contractors, lumber yards, home improvement retailers, OEM's, and RV manufacturers from manufacturing and distribution facilities located throughout the U.S. These products are used in the construction of a wide variety of small scale non-residential, agricultural and industrial building types on either wood or metal frames, manufactured homes, and towable RVs.

European Roll Coated Aluminum—The European Roll Coated Aluminum segment uses a roll coating process to apply paint to bare aluminum coil and, to a lesser extent, bare steel coil in order to produce specialty coated coil, which the Company also processes into specialty coated sheets and panels. The Company sells these products to building panel manufacturers, contractors and UK “holiday home,” RV and transportation OEMs throughout Europe and in parts of Asia. The Company’s customers use its specialty coated metal products to manufacture, among other things, RV sidewalls, commercial roofing panels, interior ceiling panels, and liner panels for shipping containers. The Company produces and distributes these roll coated products from facilities located in the Netherlands and the UK.

European Engineered Products—The European Engineered Products segment utilizes aluminum and vinyl extrusions to produce residential windows, doors and shower enclosures. These products are sold to home improvement retailers, distributors and factory‑built “holiday home” builders in the UK. The Company also produces windows used in the operator compartments of heavy equipment, components sold to suppliers to automotive OEMs in Western Europe and RV doors. The Company produces and distributes these engineered products from facilities in France and the UK and has developed extensive in-house manufacturing capabilities, including powder coating, glass cutting, anodizing and glass toughening.

The Company evaluates the performance of its segments and allocates resources to them based primarily on segment income or (loss) from operations. Expenses, income and assets that are not segment specific relate to holding company and business development activities conducted for the overall benefit of the Company, and accordingly, are not attributable to the Company’s segments.

The following table presents information about reported segments for the three months ended June 29, 2012:

	U.S. Residential Products		U.S. Commercial Products		European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Three months ended June 29, 2012	(in thousands)
Net sales:
Third party	$	76,550	$	78,778	$	49,324	$	19,140		$	—		$	—		$	223,792
Intersegment	311		39		107		—			—			(457		)	—
Total net sales	$	76,861	$	78,817	$	49,431	$	19,140		$	—		$	(457	)	$	223,792
Income (loss) from operations	$	7,484	$	1,511	$	3,291	$	(463	)	$	(3,758	)	$	—		$	8,065
Depreciation and amortization	$	2,644	$	2,026	$	2,358	$	631		$	974		$	—		$	8,633
Capital expenditures	$	289	$	200	$	273	$	149		$	310		$	—		$	1,221

The following table presents information about reported segments for the three months ended July 1, 2011:

	U.S. Residential Products		U.S. Commercial Products		European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Three months ended July 1, 2011	(in thousands)
Net sales:
Third party	$	82,928	$	78,073	$	72,543	$	23,314		$	—		$	—		$	256,858
Intersegment	261		66		230		—			—			(557		)	—
Total net sales	$	83,189	$	78,139	$	72,773	$	23,314		$	—		$	(557	)	$	256,858
Income (loss) from operations	$	7,238	$	2,203	$	4,631	$	(32	)	$	(5,471	)	$	—		$	8,569
Depreciation and amortization	$	2,841	$	2,071	$	2,792	$	848		$	957		$	—		$	9,509
Capital expenditures	$	121	$	1,074	$	367	$	516		$	636		$	—		$	2,714

The following table presents information about reported segments for the six months ended June 29, 2012:

	U.S. Residential Products		U.S. Commercial Products			European Roll Coated Aluminum		European Engineered Products			Other Non- Allocated			Eliminations			Consolidated
Six months ended June 29, 2012	(in thousands)
Net sales:
Third party	$	137,196	$	142,933		$	103,472	$	38,874		$	—		$	—		$	422,475
Intersegment	583		129			265		—			—			(977		)	—
Total net sales	$	137,779	$	143,062		$	103,737	$	38,874		$	—		$	(977	)	$	422,475
Income (loss) from operations	$	10,786	$	(1,542	)	$	5,884	$	(843	)	$	(6,506	)	$	—		$	7,779
Depreciation and amortization	$	5,287	$	4,074		$	4,755	$	1,253		$	1,945		$	—		$	17,314
Capital expenditures	$	740	$	395		$	750	$	452		$	310		$	—		$	2,647

The following table presents information about reported segments for the six months ended July 1, 2011:

	U.S. Residential Products		U.S. Commercial Products			European Roll Coated Aluminum		European Engineered Products		Other Non- Allocated			Eliminations			Consolidated
Six months ended July 1, 2011	(in thousands)
Net sales:
Third party	$	143,112	$	144,895		$	132,989	$	46,241	$	—		$	—		$	467,237
Intersegment	515		70			396		—		—			(981		)	—
Total net sales	$	143,627	$	144,965		$	133,385	$	46,241	$	—		$	(981	)	$	467,237
Income (loss) from operations	$	10,132	$	(37	)	$	9,437	$	543	$	(10,694	)	$	—		$	9,381
Depreciation and amortization	$	5,686	$	4,171		$	5,435	$	1,628	$	1,826		$	—		$	18,746
Capital expenditures	$	435	$	2,035		$	763	$	1,182	$	1,575		$	—		$	5,990

It is impractical for the Company to provide revenues from external customers by groups of similar products. Accordingly, the following table reflects revenues from external customers by markets for the periods indicated.

		Three months ended				Six months ended
Customers/Markets	Primary Products	June 29, 2012		July 1, 2011		June 29, 2012		July 1, 2011
		(in thousands)
Original Equipment Manufacturers (“OEMs”)	Painted aluminum sheet and coil; fabricated painted aluminum, laminated and fiberglass panels; windows and roofing and composite building panels	$	57,429	$	66,465	$	118,488	$	132,953
Home Improvement Retailers	Rain carrying systems, roofing accessories, steel roofing and siding, windows, doors and shower enclosures	49,615		53,344		87,934		93,305
Industrial and Architectural Contractors	Standing seam panels; siding and roofing accessories; and composite building panels	34,698		53,835		70,588		92,743
Rural Contractors	Steel and aluminum roofing and siding	37,188		33,185		64,296		60,052
Distributors	Metal coils, rain carrying systems and roofing accessories	24,702		28,947		44,890		48,495
Manufactured Housing	Steel siding and trim components	9,560		9,955		18,026		20,222
Home Improvement Contractors	Vinyl replacement windows; metal coils, rain carrying systems; metal roofing and insulated roofing panels; shower, patio and entrance doors; and awnings	10,600		11,127		18,253		19,467
		$	223,792	$	256,858	$	422,475	$	467,237

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Employee Benefit Plans

6 Months Ended

Jun. 29, 2012

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

Employee Benefit Plans

In the second quarter of 2011, the Company announced plans to move its operations in Romeoville, IL to its existing facility in Nappanee, IN. This move, intended to reduce fixed overhead costs, triggered an early withdrawal from the multiemployer pension plan benefiting hourly employees at the Romeoville facility. Accordingly, the Company recorded a $1.2 million charge in its U.S. Commercial Products segment for liabilities associated with this withdrawal. The liability represents the present value of estimated future payments for the Company’s proportionate share of unfunded vested benefits under the multiemployer plan. The Company received notification of the final assessment from the plan trustee in July 2012. The total withdrawal liability was determined to be $1.2 million. The Company has the option to settle the liability in a lump sum payment or in monthly installments over a 20 year period. The Company is currently considering its payment options.

Retirement Plans

The Company maintains a non-contributory defined benefit pension plan covering substantially all U.S. hourly employees (the U.S. Plan). In addition, the employees at Euramax Coated Products Limited and Ellbee Limited participate in a single employer pension plan (the UK Plan). The measurement date for the U.S. and UK plans is the last day of the fiscal year. The Company curtailed the accrual of participant benefits provided under the UK Plan effective March 31, 2009. This curtailment did not affect the timing for the payment of benefits earned under the UK Plan through the curtailment date. In January 2010, the Company's board of directors approved a motion to freeze future benefit accruals under the U.S. Pension Plan. The impact on the Company's projected benefit obligation was not significant. Components of net periodic pension cost for the Company’s defined and multiemployer pension plans were as follows:

	Three months ended												Six months ended
	June 29, 2012						July 1, 2011						June 29, 2012						July 1, 2011
	U.S. Plan			UK Plan			U.S. Plan			UK Plan			U.S. Plan			UK Plan			U.S. Plan			UK Plan
	(in thousands)												(in thousands)
Components of net periodic pension cost
Service cost	$	19		$	—		$	10		$	—		$	38		$	—		$	20		$	—
Interest cost	128			599			128			591			256			1,180			256			1,185
Expected return on assets	(144		)	(424		)	(140		)	(459		)	(288		)	(836		)	(280		)	(920		)
Recognized actuarial net loss	62			23			21			—			124			46			21			—
Total Company defined benefit plan expense	65			198			19			132			130			390			17			265
Multiemployer benefit expense	298			—			317			—			576			—			573			—
Multiemployer pension withdrawal penalty	—			—			1,200			—			—			—			1,200			—
Net periodic pension cost	$	363		$	198		$	1,536		$	132		$	706		$	390		$	1,790		$	265

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Fair Value Measurements

6 Months Ended

Jun. 29, 2012

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

Accounting principles generally accepted in the United States define fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Additionally, the inputs used to measure fair value are prioritized based on a three-level hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:

• Level 1 — Quoted prices in active markets for identical assets or liabilities.

• Level 2 — Observable inputs other than quoted prices included in Level 1. We value assets and liabilities included in this level using dealer and broker quotations, certain pricing models, bid prices, quoted prices for similar assets and liabilities in active markets, or other inputs that are observable or can be corroborated by observable market data.

• Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

Recurring Fair Value Measurements

In accordance with accounting principles generally accepted in the United States, certain assets and liabilities are required to be recorded at fair value on a recurring basis. For our Company, the only assets and liabilities that are adjusted to fair value on a recurring basis are derivative financial instruments.

Derivative Financial Instruments

The fair values of our futures contracts were primarily determined using quoted contract prices from financial institutions. The fair values of these instruments were based on the closing contract price as of the balance sheet date and were classified as Level 1. As of June 29, 2012 and December 30, 2011, the Company had outstanding derivative financial instruments totaling $0.3 million and $0.6 million, respectively.

Nonrecurring Fair Value Measurements

In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company records assets and liabilities at fair value on a nonrecurring basis as required by accounting principles generally accepted in the United States. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges.

The Company did not record any impairment charges related to assets measured at fair value on a nonrecurring basis during the three and six month periods ended June 29, 2012 and July 1, 2011.

Other Fair Value Disclosures

The carrying amounts of cash and cash equivalents; receivables; accounts payable and accrued expenses; and loans and notes payable approximate their fair values because of the relatively short-term maturities of these instruments.

The fair value of our long-term debt is estimated using Level 2 inputs based on dealer quoted prices for our debt instruments based on recent transactions obtained from various sources. As of June 29, 2012, the carrying amount and fair value of our Senior Secured Notes, were $375.0 million and $337.5 million, respectively.

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Supplemental Guarantor Condensed Financial Information

6 Months Ended

Jun. 29, 2012

Supplemental Guarantor Condensed Financial Information [Abstract]

Supplemental Guarantor Condensed Financial Information

Supplemental Guarantor Condensed Financial Information

On March 18, 2011, Euramax Holdings, Inc. (presented as Parent in the following schedules), through its 100%-owned subsidiary, Euramax International, Inc. (presented as Issuer in the following schedules) issued the Notes. The Notes are fully and unconditionally guaranteed, jointly and severally, on a senior secured basis by Euramax Holdings, Inc. Additionally, the Notes were fully and unconditionally guaranteed by all material domestic subsidiaries, collectively referred to as the "Guarantors." On December 30, 2011, as permitted by the First Supplemental Indenture, the Company completed the merger of the Guarantor subsidiaries with Euramax International, Inc. This merger does not adversely affect the legal rights under the Indenture of any holder of the Notes in any material respect. All other subsidiaries of Euramax International, Inc., whether direct or indirect, do not guarantee the Senior Secured Notes (the "Non-Guarantors").

Additionally, the Notes are secured on a second priority basis by liens on all of the collateral (subject to certain exceptions) securing Euramax International, Inc.’s senior secured credit facilities. In the event that secured creditors exercise remedies with respect to Euramax International, Inc.'s pledged assets, the proceeds of the liquidation of those assets will first be applied to repay obligations secured by the first priority liens under the senior secured credit facilities and any other first priority obligations.

The following condensed consolidating financial statements present the results of operations, comprehensive loss, financial position and cash flows of (1) the Parent, (2) the Issuer (including all Guarantor subsidiaries prior to the merger), (3) the Non-Guarantor Subsidiaries, and (4) eliminations to arrive at the information for Euramax Holdings, Inc. on a consolidated basis. The condensed consolidating financial statements for all periods presented reflect the legal entity structure and Notes guaranty as of June 29, 2012 for comparative purposes. Separate financial statements and other disclosures concerning the former Guarantor subsidiaries are not presented because management does not believe such information is material to investors.

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

June 29, 2012
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	157		$	11,744		$	—		$	11,901
Accounts receivable, net of allowance for doubtful accounts	—			54,930			44,944			—			99,874
Inventories, net	—			66,016			31,837			—			97,853
Income taxes receivable	—			340			545			—			885
Deferred income taxes	—			1,702			530			—			2,232
Other current assets	—			3,848			2,545			—			6,393
Total current assets	—			126,993			92,145			—			219,138
Property, plant and equipment, net	—			67,662			70,815			—			138,477
Amounts due from affiliates	—			216,813			18,521			(235,334		)	—
Goodwill	—			81,054			113,378			—			194,432
Customer relationships, net	—			38,365			23,053			—			61,418
Other intangible assets, net	—			7,812			—			—			7,812
Investment in consolidated subsidiaries	(70,855		)	26,646			—			44,209			—
Deferred income taxes	—			—			23			—			23
Other assets	—			6,124			5,097			—			11,221
Total assets	$	(70,855	)	$	571,469		$	323,032		$	(191,125	)	$	632,521
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	—		$	46,253		$	25,885		$	—		$	72,138
Accrued expenses and other current liabilities	184			16,020			14,709			—			30,913
Accrued interest payable	—			9,153			—			—			9,153
Deferred income taxes	—			—			870			—			870
Total current liabilities	184			71,426			41,464			—			113,074
Long-term debt	—			525,847			—			—			525,847
Amounts due to affiliates	4,471			13,309			217,554			(235,334		)	—
Deferred income taxes	—			8,941			14,530			—			23,471
Other liabilities	—			22,801			22,838			—			45,639
Total liabilities	4,655			642,324			296,386			(235,334		)	708,031
Shareholders’ equity (deficit):
Common stock	185			—			21			(21		)	185
Additional paid-in capital	720,364			657,461			199,452			(856,913		)	720,364
Accumulated loss	(805,799		)	(738,056		)	(186,323		)	924,379			(805,799		)
Accumulated other comprehensive income	9,740			9,740			13,496			(23,236		)	9,740
Total shareholders’ equity (deficit)	(75,510		)	(70,855		)	26,646			44,209			(75,510		)
Total liabilities and shareholders’ equity (deficit)	$	(70,855	)	$	571,469		$	323,032		$	(191,125	)	$	632,521

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

December 30, 2011
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	962		$	13,365		$	—		$	14,327
Accounts receivable, net of allowance for doubtful accounts	—			43,241			39,993			—			83,234
Inventories, net	—			51,456			31,940			—			83,396
Income taxes receivable	—			177			520			—			697
Deferred income taxes	—			1,702			204			—			1,906
Other current assets	—			2,688			1,648			—			4,336
Total current assets	—			100,226			87,670			—			187,896
Property, plant and equipment, net	—			72,848			73,701			—			146,549
Amounts due from affiliates	—			232,191			28,360			(260,551		)	—
Goodwill	—			81,054			115,632			—			196,686
Customer relationships, net	—			43,110			26,526			—			69,636
Other intangible assets, net	—			8,148			—			—			8,148
Investment in consolidated subsidiaries	(48,935		)	30,605			—			18,330			—
Deferred income taxes	—			—			6			—			6
Other assets	—			6,418			3,907			—			10,325
Total assets	$	(48,935	)	$	574,600		$	335,802		$	(242,221	)	$	619,246
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable	$	—		$	32,692		$	21,637		$	—		$	54,329
Accrued expenses and other current liabilities	96			16,623			16,706			—			33,425
Accrued interest payable	—			8,886			—			—			8,886
Deferred income taxes	—			—			891			—			891
Total current liabilities	96			58,201			39,234			—			97,531
Long-term debt	—			507,988			—			—			507,988
Amounts due to affiliates	4,262			27,315			228,974			(260,551		)	—
Deferred income taxes	—			8,158			13,343			—			21,501
Other liabilities	—			21,873			23,646			—			45,519
Total liabilities	4,358			623,535			305,197			(260,551		)	672,539
Shareholders’ equity (deficit):
Common stock	185			—			21			(21		)	185
Additional paid-in capital	718,837			655,934			199,452			(855,386		)	718,837
Accumulated loss	(782,087		)	(714,641		)	(182,232		)	896,873			(782,087		)
Accumulated other comprehensive income	9,772			9,772			13,364			(23,136		)	9,772
Total shareholders’ equity (deficit)	(53,293		)	(48,935		)	30,605			18,330			(53,293		)
Total liabilities and shareholders’ equity (deficit)	$	(48,935	)	$	574,600		$	335,802		$	(242,221	)	$	619,246

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFor the Three Months Ended June 29, 2012
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	152,875		$	73,957		$	(3,040	)	$	223,792
Costs and Expense:
Cost of goods sold (excluding depreciation and amortization)	—			126,540			61,635			(3,040		)	185,135
Selling and general (excluding depreciation and amortization)	148			14,516			6,375			—			21,039
Depreciation and amortization	—			5,532			3,101			—			8,633
Other operating charges	—			796			124			—			920
Income (loss) from operations	(148		)	5,491			2,722			—			8,065
Equity in earnings of subsidiaries	(15,444		)	(1,101		)	—			16,545			—
Interest expense	—			(13,604		)	(257		)	—			(13,861		)
Intercompany (loss) income, net	—			4,299			(4,299		)	—			—
Other income (loss), net	—			(9,882		)	1,019			—			(8,863		)
Loss before income taxes	(15,592		)	(14,797		)	(815		)	16,545			(14,659		)
Provision for income taxes	—			647			286			—			933
Net loss	$	(15,592	)	$	(15,444	)	$	(1,101	)	$	16,545		$	(15,592	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOMEFor the Three Months Ended June 29, 2012
(in thousands)

(unaudited)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(15,592	)	$	(15,444	)	$	(1,101	)	$	16,545		$	(15,592	)
Foreign currency translation adjustment	(1,165		)	(1,165		)	(699		)	1,864			(1,165		)
Net change in pension and other benefit liabilities, net of tax	85			85			23			(108		)	85
Total comprehensive loss	$	(16,672	)	$	(16,524	)	$	(1,777	)	$	18,301		$	(16,672	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFor the Three Months Ended July 1, 2011
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	158,166		$	101,434		$	(2,742	)	$	256,858
Costs and Expense:
Cost of Goods Sold (excluding depreciation and amortization)	—			130,578			84,522			(2,742		)	212,358
Selling and general (excluding depreciation and amortization)	149			15,216			8,373			—			23,738
Depreciation and amortization	—			5,724			3,785			—			9,509
Other operating charges	—			1,110			374			—			1,484
Multiemployer pension withdrawal expense	—			1,200			—			—			1,200
Income (loss) from operations	(149		)	4,338			4,380			—			8,569
Equity in earnings of subsidiaries	(1,977		)	(2,314		)	—			4,291			—
Interest expense	—			(13,605		)	(14		)	—			(13,619		)
Intercompany income (loss), net	—			4,854			(4,854		)	—			—
Other income (loss), net	—			4,813			(1,043		)	—			3,770
Loss before income taxes	(2,126		)	(1,914		)	(1,531		)	4,291			(1,280		)
Income tax provision	—			63			783			—			846
Net loss	$	(2,126	)	$	(1,977	)	$	(2,314	)	$	4,291		$	(2,126	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

For the Three Months Ended July 1, 2011

(in thousands)

(unaudited)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(2,126	)	$	(1,977	)	$	(2,314	)	$	4,291		$	(2,126	)
Foreign currency translation adjustment	463			463			132			(595		)	463
Amortization of actuarial net loss, net of tax	21			21			—			(21		)	21
Comprehensive loss	$	(1,642	)	$	(1,493	)	$	(2,182	)	$	3,675		$	(1,642	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFor the Six Months Ended June 29, 2012
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	275,317		$	151,688		$	(4,530	)	$	422,475
Costs and Expense:
Cost of goods sold (excluding depreciation and amortization)	—			230,187			126,043			(4,530		)	351,700
Selling and general (excluding depreciation and amortization)	297			29,434			14,189			—			43,920
Depreciation and amortization	—			11,084			6,230			—			17,314
Other operating charges	—			1,077			685			—			1,762
Income (loss) from operations	(297		)	3,535			4,541			—			7,779
Equity in earnings of subsidiaries	(23,415		)	(4,090		)	—			27,505			—
Interest expense	—			(26,914		)	(483		)	—			(27,397		)
Intercompany income (loss), net	—			8,672			(8,672		)	—			—
Other (loss) income, net	—			(3,545		)	726			—			(2,819		)
Loss before income taxes	(23,712		)	(22,342		)	(3,888		)	27,505			(22,437		)
Provision for income taxes	—			1,073			202			—			1,275
Net loss	$	(23,712	)	$	(23,415	)	$	(4,090	)	$	27,505		$	(23,712	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOMEFor the Six Months Ended June 29, 2012
(in thousands)

(unaudited)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net loss	$	(23,712	)	$	(23,415	)	$	(4,090	)	$	27,505		$	(23,712	)
Foreign currency translation adjustment	(202		)	(202		)	86			116			(202		)
Net change in pension and other benefit liabilities, net of tax	170			170			46			(216		)	170
Total comprehensive loss	$	(23,744	)	$	(23,447	)	$	(3,958	)	$	27,405		$	(23,744	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFor the Six Months Ended July 1, 2011
(in thousands)

	Parent			Issuer			Non-Guarantor			Eliminations			Total
Net Sales	$	—		$	283,120		$	189,196		$	(5,079	)	$	467,237
Costs and Expense:
Cost of Goods Sold (excluding depreciation and amortization)	—			235,825			155,495			(5,079		)	386,241
Selling and general (excluding depreciation and amortization)	297			30,453			17,018			—			47,768
Depreciation and amortization	—			11,416			7,330			—			18,746
Other operating charges	—			3,527			374			—			3,901
Multiemployer pension withdrawal expense	—			1,200			—			—			1,200
Income (loss) from operations	(297		)	699			8,979			—			9,381
Equity in earnings of subsidiaries	(10,160		)	3,084			—			7,076			—
Interest expense	—			(25,987		)	(2,765		)	—			(28,752		)
Intercompany income (loss), net	—			5,484			(5,484		)	—			—
Other income, net	—			6,303			2,353			—			8,656
(Loss) income before income taxes	(10,457		)	(10,417		)	3,083			7,076			(10,715		)
Income tax benefit	—			(257		)	(1		)	—			(258		)
Net (loss) income	$	(10,457	)	$	(10,160	)	$	3,084		$	7,076		$	(10,457	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

For the Six Months Ended July 1, 2011

(in thousands)

(unaudited)

	Parent			Issuer			Non-Guarantor		Eliminations			Total
Net (loss) income	$	(10,457	)	$	(10,160	)	$	3,084	$	7,076		$	(10,457	)
Foreign currency translation adjustment	4,759			4,759			4,497		(9,256		)	4,759
Net change in pension and other benefit liabilities, net of tax	21			21			—		(21		)	21
Total comprehensive (loss) income	$	(5,677	)	$	(5,380	)	$	7,581	$	(2,201	)	$	(5,677	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFor the Six Months Ended June 29, 2012
(in thousands)

	Parent		Issuer			Non-Guarantor			Eliminations		Total
Net cash (used in) provided by operating activities	$	—	$	(22,914	)	$	1,527		$	—	$	(21,387	)
Cash flows from investing activities:
Proceeds from sale of assets	—		1,231			2			—		1,233
Capital expenditures	—		(1,365		)	(1,282		)	—		(2,647		)
Net cash used in investing activities	—		(134		)	(1,280		)	—		(1,414		)
Cash flows from financing activities:
Changes in cash overdraft	—		3,027			—			—		3,027
Net borrowings on ABL Credit Facility	—		17,635			—			—		17,635
Debt issuance costs	—		—			(47		)	—		(47		)
Due (to) from affiliates	—		1,581			(1,581		)	—		—
Net cash provided by (used in) financing activities	—		22,243			(1,628		)	—		20,615
Effect of exchange rate changes on cash	—		—			(240		)	—		(240		)
Net decrease in cash and cash equivalents	—		(805		)	(1,621		)	—		(2,426		)
Cash and cash equivalents at beginning of period	—		962			13,365			—		14,327
Cash and cash equivalents at end of period	$	—	$	157		$	11,744		$	—	$	11,901

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWSFor the Six Months Ended July 1, 2011
(in thousands)

	Parent		Issuer			Non-Guarantor			Eliminations			Total
Net cash used in operating activities	$	—	$	(3,191	)	$	(6,545	)	$	—		$	(9,736	)
Cash flows from investing activities:
Proceeds from sale of assets	—		64			—			—			64
Capital expenditures	—		(3,977		)	(2,013		)	—			(5,990		)
Contributed capital to subsidiaries	—		(88,096		)	—			88,096			—
Return of capital from subsidiaries	—		151,083			—			(151,083		)	—
Net cash (used in) provided by investing activities	—		59,074			(2,013		)	(62,987		)	(5,926		)
Cash flows from financing activities:
Changes in cash overdrafts	—		1,690			—			—			1,690
Net borrowings on ABL Credit Facility	—		25,931			—			—			25,931
Net repayments on First Lien Credit Facility	—		(302,394		)	(109,634		)	—			(412,028		)
Borrowings under Senior Secured Notes	—		375,000			—			—			375,000
Borrowings under Senior Unsecured Notes	—		19,812			—			—			19,812
Contributed capital to subsidiaries	—		—			88,096			(88,096		)	—
Return of capital	—		—			(151,083		)	151,083			—
Debt issuance costs	—		(10,476		)	—			—			(10,476		)
Due (to) from affiliates	—		(173,597		)	173,597			—			—
Net cash (used in) provided by financing activities	—		(64,034		)	976			62,987			(71		)
Effect of exchange rate changes on cash	—		—			2,734			—			2,734
Net decrease in cash and cash equivalents	—		(8,151		)	(4,848		)	—			(12,999		)
Cash and cash equivalents at beginning of period	—		8,271			16,631			—			24,902
Cash and cash equivalents at end of period	$	—	$	120		$	11,783		$	—		$	11,903

XML

Fair Value Measurements (Details) (USD $)	Jun. 29, 2012	Dec. 30, 2011
Derivatives, Fair Value [Line Items]
Carrying value of long-term debt	$ 525,847,000	$ 507,988,000
Senior notes | Senior Secured Notes (9.50%)
Derivatives, Fair Value [Line Items]
Carrying value of long-term debt	375,000,000	375,000,000
Fair Value, Inputs, Level 2 | Senior notes | Senior Secured Notes (9.50%)
Derivatives, Fair Value [Line Items]
Fair value of long-term debt	337,500,000
Fair Value, Measurements, Recurring | Foreign Exchange Forward | Fair Value, Inputs, Level 1
Derivatives, Fair Value [Line Items]
Foreign currency contract, asset, fair value disclosure	$ 300,000	$ 600,000

XML

Employee Benefit Plans (Tables)

6 Months Ended

Jun. 29, 2012

Compensation and Retirement Disclosure [Abstract]

Schedule of Net Benefit Costs

Components of net periodic pension cost for the Company’s defined and multiemployer pension plans were as follows:

	Three months ended												Six months ended
	June 29, 2012						July 1, 2011						June 29, 2012						July 1, 2011
	U.S. Plan			UK Plan			U.S. Plan			UK Plan			U.S. Plan			UK Plan			U.S. Plan			UK Plan
	(in thousands)												(in thousands)
Components of net periodic pension cost
Service cost	$	19		$	—		$	10		$	—		$	38		$	—		$	20		$	—
Interest cost	128			599			128			591			256			1,180			256			1,185
Expected return on assets	(144		)	(424		)	(140		)	(459		)	(288		)	(836		)	(280		)	(920		)
Recognized actuarial net loss	62			23			21			—			124			46			21			—
Total Company defined benefit plan expense	65			198			19			132			130			390			17			265
Multiemployer benefit expense	298			—			317			—			576			—			573			—
Multiemployer pension withdrawal penalty	—			—			1,200			—			—			—			1,200			—
Net periodic pension cost	$	363		$	198		$	1,536		$	132		$	706		$	390		$	1,790		$	265

XML

Long-Term Obligations Senior Secured Notes (Details) (Senior notes, Senior Secured Notes (9.50%), USD $) In Millions, unless otherwise specified	1 Months Ended		0 Months Ended
	Jan. 26, 2012	Mar. 18, 2011	Mar. 18, 2011 Prior to 2013 redemption date	Mar. 18, 2011 2013	Mar. 18, 2011 2014	Mar. 18, 2011 2015 and thereafter	Mar. 18, 2011 Once a year, maximum Prior to 2013 redemption date	Mar. 18, 2011 Proceeds from certain equity offerings Prior to 2013 redemption date	Mar. 18, 2011 Any one or more occassions plus applicable premium Prior to 2013 redemption date	Mar. 18, 2011 Change of control
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		9.50%
Prepayment Redemption Price Percentages				107.125%	104.75%	100.00%				101.00%
Debt Instrument, Aggregate Principal Amount Redeemed, Percenta	100.00%
Debt instrument, face amount		$ 375
Redeemable Aggregate Amount Alternative			$ 37.5
Maximum Redeemable Aggregate Principal Amount Alternative, Percentage							10.00%	35.00%
Redemption Price, Percentage Of Principal Alternative							103.00%	109.50%	100.00%

XML

Condensed Consolidated Statements of Comprehensive Loss (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 29, 2012	Jul. 01, 2011	Jun. 29, 2012	Jul. 01, 2011
Net loss	$ (15,592)	$ (2,126)	$ (23,712)	$ (10,457)
Other comprehensive (loss) income:
Foreign currency translation adjustment	(1,165)	463	(202)	4,759
Net change in pension and other benefit liabilities, net of tax	85	21	170	21
Total comprehensive loss	$ (16,672)	$ (1,642)	$ (23,744)	$ (5,677)

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Financial Instruments

6 Months Ended

Jun. 29, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments

Financial Instruments

The Company is directly and indirectly affected by changes in certain market conditions. These changes in market conditions may adversely impact the Company's financial performance and are referred to as "market risks." The Company, when deemed appropriate, uses derivatives as a risk management tool to mitigate the potential impact of certain market risks. The primary market risk managed by the Company through the use of derivative instruments is foreign currency exchange rate risk. The Company does not enter into derivative contracts for trading purposes.

The Company has entered into forward contracts to buy or sell a quantity of a currency at a predetermined future date, and at a predetermined rate or price to mitigate uncertainty and volatility, and to cover underlying exposures to certain payments in currencies other than the functional currency. The Company has not designated these contracts for hedge accounting treatment and, therefore, the gains and losses on these contracts are recorded in other (loss) income. In the first half of 2012, the Company recognized a gain of $0.1 million in Other (loss) income, net related to these forward contracts.

As of June 29, 2012 and December 30, 2011, derivatives totaling approximately $0.3 million and $0.6 million, respectively, were carried at fair value in the condensed consolidated balance sheet in the line item other current assets. The Company determined that the fair value of the foreign exchange contracts were level 1 measurements in the fair value hierarchy. To measure the fair value of the foreign exchange contracts the Company obtained quotations from financial institutions.

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Long-Term Obligations Senior Unsecured Loan Facility (Details) (Senior Unsecured Loan Facility (12.25%), Unsecured debt)		0 Months Ended								0 Months Ended
	Mar. 18, 2011 quarters	Mar. 18, 2011 On or after the second anniversary of the closing but prior to the third anniversary thereof	Mar. 18, 2011 On or after the third anniversary of the closing but prior to the fourth anniversary thereof	Mar. 18, 2011 On or after the fourth anniversary of the closing	Jun. 29, 2012 No paid interest in kind election	Mar. 18, 2011 No paid interest in kind election	Mar. 18, 2011 With paid interest in kind election	Mar. 18, 2011 Cash interest portion With paid interest in kind election	Mar. 18, 2011 Paid in kind interest portion With paid interest in kind election	Mar. 18, 2011 One Or Many Occassions Prior to 2013 redemption date	Mar. 18, 2011 Change of control
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						12.25%	14.25%	7.875%	6.375%
Maximum number of quarters the paid in kind election may be made	6
Debt Instrument, Interest Rate, Effective Percentage					12.25%
Prepayment Redemption Price Percentages		103.00%	102.00%	100.00%
Maximum Redeemable Aggregate Principal Amount Alternative, Percentage										35.00%
Redemption Price, Percentage Of Principal Alternative										112.25%
Potentional required purchase price upon change of control, percentage of purchase price											101.00%

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Supplemental Guarantor Condensed Financial Information - Consolidated Statements of Operations (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 29, 2012	Jul. 01, 2011	Jun. 29, 2012	Jul. 01, 2011
Condensed Financial Statements, Captions [Line Items]
Net sales	$ 223,792	$ 256,858	$ 422,475	$ 467,237
Costs and Expense:
Cost of goods sold (excluding depreciation and amortization)	185,135	212,358	351,700	386,241
Sales and general (excluding depreciation and amortization)	21,039	23,738	43,920	47,768
Depreciation and amortization	8,633	9,509	17,314	18,746
Other operating charges	920	1,484	1,762	3,901
Multiemployer pension withdrawal expense	0	1,200	0	1,200
Income (loss) from operations	8,065	8,569	7,779	9,381
Equity in earnings of subsidiaries	0	0	0	0
Interest expense	(13,861)	(13,619)	(27,397)	(28,752)
Intercompany (loss) income, net	0	0	0	0
Other income (loss), net	(8,863)	3,770	(2,819)	8,656
Loss before income taxes	(14,659)	(1,280)	(22,437)	(10,715)
Provision (benefit) for income taxes	933	846	1,275	(258)
Net loss	(15,592)	(2,126)	(23,712)	(10,457)
Parent
Condensed Financial Statements, Captions [Line Items]
Net sales	0	0	0	0
Costs and Expense:
Cost of goods sold (excluding depreciation and amortization)	0	0	0	0
Sales and general (excluding depreciation and amortization)	148	149	297	297
Depreciation and amortization	0	0	0	0
Other operating charges	0	0	0	0
Multiemployer pension withdrawal expense		0		0
Income (loss) from operations	(148)	(149)	(297)	(297)
Equity in earnings of subsidiaries	(15,444)	(1,977)	(23,415)	(10,160)
Interest expense	0	0	0	0
Intercompany (loss) income, net	0	0	0	0
Other income (loss), net	0	0	0	0
Loss before income taxes	(15,592)	(2,126)	(23,712)	(10,457)
Provision (benefit) for income taxes	0	0	0	0
Net loss	(15,592)	(2,126)	(23,712)	(10,457)
Subsidiary Issuer
Condensed Financial Statements, Captions [Line Items]
Net sales	152,875	158,166	275,317	283,120
Costs and Expense:
Cost of goods sold (excluding depreciation and amortization)	126,540	130,578	230,187	235,825
Sales and general (excluding depreciation and amortization)	14,516	15,216	29,434	30,453
Depreciation and amortization	5,532	5,724	11,084	11,416
Other operating charges	796	1,110	1,077	3,527
Multiemployer pension withdrawal expense		1,200		1,200
Income (loss) from operations	5,491	4,338	3,535	699
Equity in earnings of subsidiaries	(1,101)	(2,314)	(4,090)	3,084
Interest expense	(13,604)	(13,605)	(26,914)	(25,987)
Intercompany (loss) income, net	4,299	4,854	8,672	5,484
Other income (loss), net	(9,882)	4,813	(3,545)	6,303
Loss before income taxes	(14,797)	(1,914)	(22,342)	(10,417)
Provision (benefit) for income taxes	647	63	1,073	(257)
Net loss	(15,444)	(1,977)	(23,415)	(10,160)
Non-Guarantor
Condensed Financial Statements, Captions [Line Items]
Net sales	73,957	101,434	151,688	189,196
Costs and Expense:
Cost of goods sold (excluding depreciation and amortization)	61,635	84,522	126,043	155,495
Sales and general (excluding depreciation and amortization)	6,375	8,373	14,189	17,018
Depreciation and amortization	3,101	3,785	6,230	7,330
Other operating charges	124	374	685	374
Multiemployer pension withdrawal expense		0		0
Income (loss) from operations	2,722	4,380	4,541	8,979
Equity in earnings of subsidiaries	0	0	0	0
Interest expense	(257)	(14)	(483)	(2,765)
Intercompany (loss) income, net	(4,299)	(4,854)	(8,672)	(5,484)
Other income (loss), net	1,019	(1,043)	726	2,353
Loss before income taxes	(815)	(1,531)	(3,888)	3,083
Provision (benefit) for income taxes	286	783	202	(1)
Net loss	(1,101)	(2,314)	(4,090)	3,084
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net sales	(3,040)	(2,742)	(4,530)	(5,079)
Costs and Expense:
Cost of goods sold (excluding depreciation and amortization)	(3,040)	(2,742)	(4,530)	(5,079)
Sales and general (excluding depreciation and amortization)	0	0	0	0
Depreciation and amortization	0	0	0	0
Other operating charges	0	0	0	0
Multiemployer pension withdrawal expense		0		0
Income (loss) from operations	0	0	0	0
Equity in earnings of subsidiaries	16,545	4,291	27,505	7,076
Interest expense	0	0	0	0
Intercompany (loss) income, net	0	0	0	0
Other income (loss), net	0	0	0	0
Loss before income taxes	16,545	4,291	27,505	7,076
Provision (benefit) for income taxes	0	0	0	0
Net loss	$ 16,545	$ 4,291	$ 27,505	$ 7,076

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Commitments and Contingencies (Tables)

6 Months Ended

Jun. 29, 2012

Commitments and Contingencies Disclosure [Abstract]

Schedule of Product Warranty Liability

Changes in the product warranty accrual are summarized as follows:

	Three months ended						Six months ended
	June 29, 2012			July 1, 2011			June 29, 2012			July 1, 2011
	(in thousands)						(in thousands)
Balance, beginning of period	$	5,412		$	5,403		$	5,050		$	5,561
Payments made or service provided	(669		)	(1,284		)	(1,412		)	(1,952		)
Warranty expense	788			1,549			1,668			1,945
Foreign currency translation	(259		)	78			(34		)	192
Balance, end of period	$	5,272		$	5,746		$	5,272		$	5,746