AA Metals, Inc. and International Dominican Aluminum announce Joint-Venture partnership to extrude aluminium products in the Dominican Republic

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Dr. Jack Cheng named the non-executive Chairman of IDA

Orlando, Florida, February 13, 2020 — AA Metals, Inc. (AAM), the Orlando based North America premier
distributor of metal products and International Dominican Aluminium (IDA), a portfolio company of Black
Pearl Capital (BPC), the Geneva based asset management firm, announce the launch of a joint venture to
extrude AAM’s suite of aluminium products at IDA’s facility in the Dominican Republic.
Dr. Jack Cheng, founder, CEO and President of AA Metals, commented: “AA Metals is committed to forge
a long-term strategic partnership with IDA. Throughout the years, AAM has established reliable and
seamless supply chain service to provide quality metal products to our customers’ doorsteps at competitive
prices. Strategically located in the Caribbean, IDA’s state-of-the-art fabrication and extruding facility
equipped with AA Metals standardized operational procedures and extensive technical support will
guarantee the highest quality extrusions to fulfil our globally expanding customers’ demands with much
shortened delivery time in a cost-effective way. I see our collaboration exemplifying a sustainable win-win
growth plan for both companies.”
Leonardo Garcia (President of IDA) said: “We are extremely pleased to have AA Metals as a major
customer and believe that along with AA Metals expertise and volume, we can fulfil the potential of the
Dominican Republic as a major manufacturing hub for the Caribbean and Florida markets. Collaborating
with such well-known brand across North America is ideal for us to fulfil the 1st phase of our expansion into
the US market. This partnership will allow us to utilize our capacity to extrude over USD $50 million worth
of sales over the next three years.”
Black Pearl Capital’s COO, Abbas Jafarian added “We have expanded our workforce in 2020 to over 130
employees and seen great potential to continue with our aggressive growth plans. IDA is an ideal example
of the Dominican Republic’s drive to bring manufacturing know-how into the country to enhance the local
economy. I am also very pleased that Dr. Cheng has agreed to join the board of IDA to offer his technical
expertise and strategic guidance over the coming years. His recent recognition of 2019 EY Entrepreneur
of the Year® Florida and Entrepreneur Of The Year® 2019 National Award Finalist is a testament to his
unstoppable entrepreneurship and accomplishment within the distribution and manufacturing industry.”
About International Dominican Aluminium
International Dominican Aluminum S.A. is one the largest extruders in the Caribbean and the only integrated
extruder in the region with not only aluminum extrusion capabilities but also fabrication of window walls,
railings and curtain wall systems. Our partners United Glass Systems Metal Yapi add up more than 40
years of experience in the fenestration business all over the world. For more information, visit
www.idasa.com.do

About AA Metals
AA Metals, Inc. is a global leading master distributor of quality aluminum and stainless products. The
company meets market demands by presenting customized solutions and creating effective, mutually
beneficial service relationships with hundreds of customers and suppliers worldwide. AA Metals furnishes
a comprehensive package of procurement, logistics, finance, insurance, industrial marketing, and after-sale
services, and provide its customers and suppliers with its unmatched marketing and sourcing expertise,
industry knowledge, technical support, and global reach. Headquartered in Orlando, Florida, AA Metals has
expanded its operations to Colombia, Turkey and China with over 300 employees and over 600,000 SF
distribution and manufacturing facilities. For more information, visit www.aametals.com or contact
info@aametals.com.

About Black Pearl Capital
Black Pearl Capital is an asset management firm registered in the Cayman Islands, with offices in Europe
and the Middle East where its dedicated team of professionals provide its clients with specialized wealth
and investment management services, as well as deal specific transaction advice. For more information,
visit www.blackpearlcap.com, AAM LinkedIn page or contact info@blackpearlcap.com.

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