Atlas Holdings LLC Acquires Weyerhaeuser Building Systems Division

GREENWICH, Conn., Aug. 17 /PRNewswire/ -- Atlas Holdings LLC announced today
it has acquired Weyerhaeuser Co.'s former Trus Joist(R) Commercial division, a
leading global producer of engineered wood products and building systems.

Atlas will establish the division as an independent business, to be renamed
RedBuilt. Its headquarters will be returned to Boise, Idaho, and members of
the company's former management team will return as investors and managers of
the business.

The business, founded 50 years ago, employs 235 people, with manufacturing
facilities in Chino, Calif., Hillsboro and Stayton, Ore., and Delaware, Ohio,
as well as 13 design and sales offices located across the United States. Terms
of the August 14, 2009, transaction were not disclosed.

This is Atlas' second major acquisition in 2009. In May, the Greenwich,
CT.-based firm purchased the second-largest wheel blast and surface
preparation equipment provider in Europe -- the Othello Group -- from
Wheelabrator Group. The acquisition established Atlas subsidiary Pangborn
Corporation as the third-largest wheel blast company in the world.

Atlas' operations in the United States, Canada and Europe include more than 40
facilities and 3,200 employees. Its businesses are engaged in a broad spectrum
of industries, including building materials and wood products, pulp and paper
manufacturing, packaging, capital equipment, and industrial services.

Atlas specializes in the purchase of middle-market companies in distress or
facing complex financial, labor or environmental issues, including bankruptcy
reorganizations, restructurings and challenging corporate divestitures. The
Othello Group and Trus Joist acquisitions typify its experience in acquiring
divisions of major companies and successfully transitioning them into
independent businesses.

Formerly owned by Weyerhaeuser, the Commercial Division of Trus Joist, now
RedBuilt, is recognized as a world leader in developing wood-based open-web
structural solutions. It offers the industry's most innovative engineered wood
products and building systems for commercial, industrial, and multifamily
applications. RedBuilt's offerings include composite wood-and-steel open-web
trusses, I-joists, engineered lumber like LVL (laminated veneer lumber), and
complementary components, product engineering, and onsite technical support,
as well as a range of concrete-shoring and scaffold-planking solutions.

The Atlas acquisition marks the return of an experienced management team,
including distinguished industry veterans who are credited with Trus Joist
Corporation's meteoric rise in the 1980s and 1990s:
-- Former Trus Joist CEO Tom Denig, who ran the company for more than two
decades, will serve as RedBuilt's chairman of the board.
-- Former Trus Joist General Manager and Operations Vice President Bill
Walters will serve as vice chairman.

-- Kurt Liebich, who oversaw commercial and industrial operations at the
company before succeeding Denig as Trus Joist's chief executive,
has been named President and CEO of RedBuilt, as well as a member of
its
board of directors.

"We are excited about this acquisition and eager to get to work alongside our
experienced management partners to grow RedBuilt," said Atlas Holdings
Chairman Andrew Bursky. "We're impressed with the tradition of excellence the
company has built and the entrepreneurial drive to unlock growth opportunities
in the commercial building-solutions sector. RedBuilt will continue to provide
the industry's most innovative building solutions to architects, engineers,
developers, contractors and building owners coast to coast."

Liebich noted, "We're starting RedBuilt in a time of unprecedented market
challenges because we have enormous confidence based on experience in the
industry-leading products, people and innovative culture of this business.
Backed with the strength of Atlas Holdings, the team at RedBuilt is poised to
take our business to a bold, new level and in the process resurrect the can-do
culture and spirit of innovation."

The name RedBuilt reflects the company's heritage. Harold "Red" Thomas, was
the wholesale lumberman who co-founded the original Trus Joist Corporation
with inventor Art Troutner in 1960. "Starting with little more than $8,000,
some machinery, and an old barn, Red and Art pioneered products that
revolutionized the building industry," Liebich said.

For additional information RedBuilt, please visit www.redbuilt.com.

For additional information on Atlas Holdings, please visit
www.atlasholdingsllc.com.

SOURCE Atlas Holdings LLC

Dan Cromie of Atlas Holdings LLC, +1-203-622-9138,
dcromie@atlasholdingsllc.com; or Kurt Liebich of RedBuilt, +1-208-364-1316,
kliebich@redbuilt.com