Horsehead Holding Corp. Prices Initial Public Offering

    MONACA, Pa., Aug. 10 /CNW/ -- Horsehead Holding Corp. (Nasdaq: ZINC), the
parent company of Horsehead Corporation, today announced that it has priced
its initial public offering of 4,867,000 shares of its common stock at a price
of $18.00 per share, 4,171,235 shares of which are being offered by the
Company.  The offering is being made through an underwriting syndicate led by
Friedman, Billings, Ramsey & Co., Inc.  The Company intends to use the
proceeds from the offering to fund capital improvements and for general
corporate purposes.
    A registration statement relating to these securities has been filed with
and declared effective by the Securities and Exchange Commission.  This press
release shall not constitute an offer to sell or the solicitation of an offer
to buy nor shall there be any sale of such common stock in any state in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
    The offering of these securities may be made only by means of a
prospectus, copies of which may be obtained by contacting:  Friedman,
Billings, Ramsey & Co., Inc., 1001 19th Street North, Arlington, Virginia,
    Horsehead Holding Corp. is the parent company of Horsehead Corporation, a
leading U.S. producer of specialty zinc and zinc-based products. Horsehead,
headquartered in Monaca, Pa., employs over 1000 people and has six operating
locations throughout the U.S. Visit for more information.

For further information:

For further information: Ali Alavi, Vice President of Horsehead 
Corporation, +1-724-773-2212 Web Site:

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