Press Release: JPS : Handy & Harman Ltd. Completes Acquisition of JPS Industries, Inc.

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Handy & Harman Ltd. (NASDAQ:HNH) ("HNH"), a diversified global industrial company, and JPS Industries, Inc. (formerly Pink Sheets: JPST) (the "Company" or "JPS"), a leading manufacturer of composite materials, announced today the successful completion of HNH's acquisition of JPS. Under the terms of the parties' merger agreement, at the effective time of the merger, each outstanding share of JPS common stock (other than shares owned by HNH and its affilia