PRESS RELEASE DATED MARCH 16, 2001
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For Immediate Release
DYNAMIC MATERIALS TO ACQUIRE NOBELCLAD EUROPE
(Lafayette, CO - March 16, 2001) Dynamic Materials Corporation, (Nasdaq: BOOM), "DMC", today
announced that it has reached agreement to acquire 100% of the stock of Nobelclad Europe S.A. (Nobelclad)
and Nitro Metall Aktiebolag (Nitro Metall) from Nobel Explosifs France (NEF). Nobelclad and Nitro Metall
operate cladding businesses located in Rivesaltes, France and Likenas, Sweden, respectively, which generated
combined revenues of approximately $10.5 million in calendar year 2000. NEF is wholly owned by Groupe
SNPE and is a sister company to SNPE, Inc., which owns 55% of DMC's common stock.
The acquisition, which is expected to close in the third quarter of 2001, is subject to the customary due diligence
reviews and the finalization of a definitive stock purchase agreement. An opinion that the transaction is fair, from a
financial point of view, to DMC's stockholders other than SNPE Inc., also must be obtained as a condition of the
transaction. The purchase price of approximately $5.4 million will be financed through a $4.0 million
intercompany note agreement between DMC and SNPE Inc. and the assumption of approximately $1.4 million in
third party bank debt associated with Nobelclad's planned acquisition of Nitro Metall from NEF prior to DMC's
purchase of Nobelclad stock. DMC's acquisition of Nobelclad is expected to further strengthen the world
leadership that DMC and its majority stockholder, Groupe SNPE, enjoy in the explosion cladding business.
Based in Lafayette, Colorado, Dynamic Materials Corporation is a leader in the metal working industry, and its
products include explosion bonded clad metal plates and other metal fabrications for the petrochemical, chemical
processing, satellite/launch vehicle, commercial aircraft, defense and a variety of other industries.
Actual results may vary materially from any forward-looking statements the Company