<PAGE>
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-Q

    /X/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934

        For the quarterly period ended March 29, 1997

                                       OR

    / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934

        FOR THE TRANSITION PERIOD FROM ________ TO _________

        COMMISSION FILE NUMBER _________________

                             EURAMAX INTERNATIONAL PLC
             (Exact name of registrant as specified in its charter)

        England and Wales                               98-1066997
  (State or other jurisdiction             (I.R.S. Employer Identification No.)
of incorporation or organization)

    5335 Triangle Parkway, Suite 550, Norcross, Georgia        30092
       (Address of principal executive offices)              (Zip Code)

        Registrant's telephone number, including area code 770-449-7066

    Indicate by check mark whether the registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 
1934 during the preceding 12 months (or for such shorter period that the 
registrant was required to file such reports), and (2) has been subject to 
such filing requirements for the past 90 days. /X/ Yes / / No

    As of May 9, 1997, Registrant has outstanding 1,000,000 Ordinary Shares 
and 34,000,000 Preference Shares. All of these shares were owned by 
affiliates.


<PAGE>
                         PART I--FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                 EURAMAX INTERNATIONAL PLC AND SUBSIDIARIES
               CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
                       (Thousands of U.S. Dollars)
                              (Unaudited)

                                       SUCCESSOR      PREDECESSOR
                                     QUARTER ENDED   QUARTER ENDED
                                       MARCH 29,       MARCH 31,
                                          1997            1996
                                     --------------  --------------
Net Sales..........................   $    114,874    $    111,395
Costs and expenses:
  Cost of goods sold...............         92,036          93,457
  Selling and general..............         10,639          10,209
  Depreciation and amortization....          2,695           2,397
                                     -------------   -------------
                                           105,370         106,063
                                     -------------   -------------
   Earnings from operations........          9,504           5,332
                                     
Interest expense, net..............         (5,618)           (157)
Other income (expense), net........            (40)           (118)
                                     -------------   -------------
   Earnings before income taxes....          3,846           5,057
   Provision for income taxes......          1,241           1,922
                                     -------------   -------------
   Net earnings....................          2,605           3,135

Dividends on redeemable preference 
  shares...........................          1,233              --
                                     -------------   -------------
Net earnings available for 
  ordinary shareholders............   $      1,372    $      3,135
                                     -------------   -------------
                                     -------------   -------------

    The accompanying notes are an integral part of these condensed 
consolidated financial statements.

<PAGE>

               EURAMAX INTERNATIONAL PLC AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED BALANCE SHEETS
                      (Thousands of U.S. Dollars)
                            (Unaudited)

                                                    SUCCESSOR
                                              ------------------------
                                              MARCH 29,   DECEMBER 27,
                                                 1997         1996
                                              ----------  ------------
ASSETS
Current Assets:
  Cash and cash equivalents................  $   11,572   $   12,516
  Accounts receivable, net.................      74,285       60,767
  Inventories..............................      82,102       87,235
  Deferred income taxes....................       1,483        1,483
  Other current assets.....................       1,875        1,350
                                              ----------  -----------
    Total current assets...................     171,317      163,351
  Property, plant and equipment, net.......     105,811      107,338
  Goodwill.................................      40,583       40,926
  Other assets.............................      17,267       15,678
                                              ----------  -----------
                                             $  334,978   $  327,293
                                              ----------  -----------
                                              ----------  -----------
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
  Accounts payable.........................  $   40,375   $   38,221
  Accrued expenses.........................      29,089       25,511
  Current maturities of long-term debt.....       2,000        2,000
                                              ----------  -----------
    Total current liabilities..............      71,464       65,732
  Long-term debt, less current maturities..     208,625      209,740
  Other liabilities........................       4,969        4,722
  Deferred income taxes....................       9,662        9,735
                                              ----------  -----------
    Total liabilities......................     294,720      289,929
                                              ----------  -----------
Redeemable preference shares.............        36,423       35,191
                                              ----------  -----------
Ordinary shareholders' equity:
  Ordinary shares..........................       1,000        1,000
  Retained earnings (deficit)..............       1,187         (185)
  Foreign currency translation adjustment..       1,648        1,358
                                              ----------  -----------
    Total ordinary shareholders' equity....       3,835        2,173
                                              ----------  -----------
                                             $  334,978   $  327,293
                                              ----------  -----------
                                              ----------  -----------


    The accompanying notes are an integral part of these condensed 
consolidated financial statements.

<PAGE>

               EURAMAX INTERNATIONAL PLC AND SUBSIDIARIES
             CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                      (Thousands of U.S. Dollars)
                             (Unaudited)

                                                 SUCCESSOR      PREDECESSOR
                                               QUARTER ENDED   QUARTER ENDED
                                                 MARCH 29,       MARCH 31,
                                                    1997            1996
                                               --------------  --------------
Net cash provided by (used in) 
  operating activities.......................    $   (3,354)     $      796
                                               --------------  --------------

Cash flows from investing activities:
  Capital expenditures.......................          (867)         (3,757)
                                                    -------         -------
    Net cash used in investing activities....          (867)         (3,757)
                                                    -------         -------
Cash flows from financing activities:
  Borrowings on revolving credit facility.......        707              --
  Proceeds from sale of assets...............            48              78
  Net change in due to parent/affiliate......            --          (7,222)
                                                    -------         -------
    Net cash provided by (used in) financing 
     activities..............................           755          (7,144)
                                                    -------         -------
Effect of exchange rate changes on cash......         2,522             (10)
                                                    -------         -------

Net decrease in cash and equivalents.........          (944)        (10,115)
Cash and equivalents at beginning of 
  period.....................................        12,516          12,587
                                                    -------         -------
Cash and equivalents at end of period........    $   11,572      $    2,472
                                                    -------         -------
                                                    -------         -------

    The accompanying notes are an integral part of these condensed 
consolidated financial statements.

<PAGE>
                   EURAMAX INTERNATIONAL PLC AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                          (Thousands of U.S. Dollars)
                                  (UNAUDITED)

1. BASIS OF PRESENTATION

    For purposes of this report the "Company" refers to Euramax International 
plc and Subsidiaries, collectively.

    The condensed consolidated financial statements of the Company have been 
prepared in accordance with the rules and regulations of the Securities and 
Exchange commission (the "SEC"). In the opinion of the management of the 
Company, these statements include all adjustments necessary for a fair 
presentation of the results of operations all interim periods reported 
herein. All adjustments are of a normal recurring nature unless otherwise 
disclosed. Management believes that the disclosures made are adequate for a 
fair presentation of results of operation, financial position and cash flows. 
These condensed consolidated financial statements should be read in 
conjunction with the year-end consolidated financial statements and 
accompanying notes included in the Company's Form 10-K. Operating results for 
the period ended March 29, 1997, are not necessarily indicative of future 
results that may be expected for the year ending December 26, 1997.

2. ACQUISITION

    Pursuant to a purchase agreement between the Company and Alumax Inc. 
("Alumax"), on September 25, 1996, the Company purchased, through its 
wholly-owned subsidiaries, all of the issued and outstanding capital stock of 
the following Alumax subsidiaries which operated certain portions of Alumax's 
fabricated products operations: (i) Amerimax Fabricated Products, Inc. and 
its wholly owned subsidiaries, Amerimax Specialty Products, Inc., Amerimax 
Building Products, Inc., Amerimax Coated Products, Inc., Johnson Door 
Products, Inc., and Amerimax Home Products, Inc.; (ii) Euramax Holdings 
Limited and its wholly owned subsidiaries, Ellbee Limited and Euramax Coated 
Products Limited; (iii) Euramax Europe B.V. and its wholly owned subsidiary, 
Euramax Coated Products B.V.; and (iv) Euramax Industries S.A. and its wholly 
owned subsidiary Euramax Coated Products S.A. For purposes of identification 
and description, the acquired business is referred to as the "Predecessor" 
for the periods prior to the Acquisition, "Euramax" or the "Successor" for 
the period subsequent to the Acquisition, and the "Company" for both periods. 
The financial statements of the Predecessor include the combined accounts of 
the entities referred to as Fabricated Products. Such Predecessor financial 
statements have been prepared as if the Company's businesses had operated as 
an independent stand-alone entity for all periods presented. Certain 
obligations were originally recorded by Alumax on behalf of the Company such 
as post-retirement and post-employment benefit obligations, income taxes, 
legal and other corporate expenses. These obligations have been allocated to 
the Company's financial statements using several factors including revenues 
or number of employees or other reasonable methods. Corporate expenses of 
Alumax have been allocated to the Company on a basis management believes is 
reasonable and represents the expenses as if the Company were a stand alone 
operation. All significant intercompany accounts and transactions have been 
eliminated.

    The purchase price for the Acquisition was approximately $251.2 million, 
which includes estimated acquisition expenses of approximately $3.9 million, 
is adjusted to give effect to certain items including cash acquired and 
working capital, and was allocated to the assets and liabilities of the 
Company based upon their estimated fair market value at the date of 
Acquisition under the purchase method of accounting. Such initial purchase 
price is subject to adjustment based upon the completion of a special audit 
to determine the change in the Company's working capital (as defined) from 
December 31, 1995 through September 25, 1996. Management has estimated such 
change in connection with the preparation of the Consolidated Balance Sheet 
as of December 27, 1996 and does not expect further adjustments to the 
purchase price to be significant. Additionally, the allocation of the 
purchase price was, in certain instances, based on preliminary information 
and is, therefore, subject to revision when additional asset and liability 
valuations are obtained. In the opinion of the Company's management, the 
asset and liability valuations for the Acquisition will not be materially 
different than initially recorded.

    The financing for the Acquisition was provided by: (a) $35.0 million of 
preference and ordinary share capital; (b) $135.0 million of Senior 
Subordinated Notes; and (c) $100.0 million under a Credit Agreement 
aggregating $125.0 million.

<PAGE>

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

    For information regarding additional significant accounting 
policies, see Note 2 to the consolidated financial statements of the Company 
for the year ended December 27, 1996.

4. INVENTORIES:

   Inventories were comprised of:

                                                             SUCCESSOR
                                                      ------------------------
                                                     
                                                       MARCH 29,  DECEMBER 27,
                                                         1997        1996
                                                     -----------  -----------
Raw materials.......................................  $  58,391    $  59,429
Work in process.....................................     12,389       12,770
Finished products...................................     11,322       15,036
                                                      ----------  -----------
                                                      $  82,102   $   87,235
                                                      ----------  -----------
                                                      ----------  -----------



5. COMMITMENTS AND CONTINGENCIES:

    The Company has entered into several noncancelable long-term contracts 
for the purchase of aluminum at market values. The aluminum contracts expire 
in various years through 1999. Contracted amounts of aluminum are less than 
the Company's anticipated requirements.

    The Company and its subsidiaries are not currently parties to any pending 
legal proceedings other than such proceedings incident to its business. 
Management believes that such proceedings would not, individually or in the 
aggregate, reasonably be expected to have a material adverse effect on the 
consolidated financial position or results of operations of the Company and 
its subsidiaries taken as a whole.

    The Company has been named as a defendant in lawsuits or as a potentially 
responsible party in state and Federal administrative and judicial 
proceedings seeking contribution for costs associated with the investigation, 
analysis, correction and remediation of environmental conditions at various 
hazardous waste disposal sites. The Company continues to monitor these 
actions and proceedings and to vigorously defend both its own interests as 
well as the interests of its affiliates. The Company's ultimate liability in 
connection with present and future environmental claims will depend on many 
factors, including its volumetric share of the waste at a given site, the 
remedial action required, the total cost of remediation, and the financial 
viability and participation of the other entities that also sent waste to the 
site. Once it becomes probable that the Company will incur costs in 
connection with remediation of a site and such costs can be reasonably 
estimated, the Company establishes or adjusts its reserve for its projected 
share of these costs. Based upon current law and information known to the 
Company concerning the size of the sites known to it, anticipated costs, 
their years of operations and the number of other potentially responsible 
parties, management believes that it has adequate reserves for the Company's 
potential share of the estimated aggregate liability for the costs of 
remedial actions and related costs and expenses. In addition, the Company 
establishes reserves for remedial measures required from time to time at its 
own facilities. Management believes that the reasonably probable outcomes of 
these matters will not materially exceed established reserves and will not 
have a material impact on the future financial position, net earnings or cash 
flows of the Company. The Company's reserves, expenditures and expenses for 
all environmental exposures were not significant for any of the dates or 
periods presented.

    In connection with the Acquisition referred to in Note 1, the Company was 
indemnified by Alumax for substantially all of its costs, if any, related to 
environmental matters for occurrences arising prior to the closing date of 
the Acquisition during the period of time it was owned directly or indirectly 
by Alumax. Such indemnification includes costs that may ultimately be 
incurred to contribute to the remediation of certain specified existing 
National Priorities List (NPL) sites for which the Company had been named a 
potentially responsible party under the federal Comprehensive Environmental 
Response, Compensation, and Liability Information System (CERCLA) as of the 
closing date of the Acquisition, as well as certain potential costs for sites 
listed on state hazardous cleanup lists. With respect to all other 
environmental matters, Alumax's obligations are limited to $125.0 million. 
However, notwithstanding the indemnity, the Company does not believe that it 
has any significant probable liability for environmental claims. Further, the 
Company believes it to be unlikely that the Company would be required to bear 
environmental costs in excess of its pro rata share of such costs as a 
potentially responsible party under CERCLA.

6.  SUBSEQUENT EVENT

    On May 2, 1997, the Company announced that it has signed a definitive 
agreement to purchase a business that manufacturers industrial, commercial, 
architectural and agricultural building panels from aluminum and metal, and 
is headquartered in Lancaster, Pennsylvania.  Completion of the acquisition 
is subject to certain due diligence and other conditions, and the final 
purchase price will be determined pursuant to the terms of the purchase 
agreement.  Closing on this transaction is anticipated to be in the latter 
part of June.

7. SUPPLEMENTAL CONSOLIDATED FINANCIAL STATEMENTS:

    As described in Note 2, on September 25, 1996, Euramax purchased the 
Company from Alumax Inc. The Acquisition was financed, in part, through 
Senior Subordinated Notes due 2006 (the "Notes"). The Notes are primary 
obligations of Euramax (the "Parent"). The United Kingdom and Netherlands 
holding company subsidiaries of Euramax are co-obligors under the Notes (the 
"Co-obligors"). The United States holding company subsidiary of Euramax has 
provided a full and unconditional guarantee of the Notes (the "Guarantor"). 
The following supplemental condensed combining financial statements for the 
periods prior to the Acquisition, (the "Predecessor" periods) reflect the 
combined historical financial position, results of operations and cash flows 
of the entities that are the Parent, the Co-obligors and the Guarantor 
(collectively, the "Anticipated Parent, Co-obligors and Guarantor"), and such 
combined information of the non-guarantor entities, consisting principally of 
the operating companies acquired (collectively, the "Non-guarantor 
Subsidiaries"). The following supplemental condensed combining financial 
statements as of March 29, 1997 and for the periods subsequent to the 
Acquisition (the "Successor" periods) reflect the financial position, results 
of operations, and cash flows of each of the Parent, the Co-Obligors and 
Guarantor entities, and such combined information of the Non-Guarantor 
Subsidiaries. The Co-obligors and the Guarantor are wholly-owned subsidiaries 
of Euramax and are each jointly, severally, fully, and unconditionally liable 
under the Notes. Separate complete financial statements of each Co-obligor 
and of the Guarantor are not presented because management has determined that 
they are not material to investors. For periods prior to the Acquisition, 
there were no significant intercompany balances or transactions between the 
Anticipated Parent, Co-obligors and Guarantor entities combined and the 
Non-guarantor Subsidiaries.

<PAGE>

<TABLE>
<CAPTION>


                                                                                      PREDECESSOR
                                                                     ----------------------------------------------
                                                                          FOR THE QUARTER ENDED MARCH 31, 1996
                                                                     ----------------------------------------------
                                                                     ANTICIPATED
                                                                       PARENT,
                                                                     CO-OBLIGORS     
                                                                         AND         NON-GUARANTOR       COMBINED
                                                                      GUARANTOR      SUBSIDIARIES        TOTALS
                                                                     -----------  --------------------  -----------
<S>                                                                  <C>          <C>                   <C>

Net sales..........................................................    $                      $111,395   $ 111,395

Cost and expenses:
  Cost of goods sold...............................................                             93,457      93,457
  Selling and general..............................................                             10,209      10,209
  Depreciation and amortization....................................                              2,397       2,397
                                                                     -----------  --------------------  -----------

  Earnings from operations.........................................                              5,332       5,332

Interest income (expense), net.....................................                               (157)       (157)
Other expense, net.................................................                               (118)       (118)
                                                                     -----------  --------------------  -----------

  Earnings before income taxes.....................................                              5,057       5,057

Provision for income taxes.........................................                              1,922       1,922
                                                                     -----------  --------------------  -----------

Net earnings.......................................................   $           $              3,135   $   3,135
                                                                     -----------  --------------------  -----------
                                                                     -----------  --------------------  -----------

</TABLE>

Note:  Separate columns for the Anticipated Parent, the Co-obligors and the 
Guarantor are not presented as there were no amounts for such entities for 
the periods shown.




7. Supplemental Condensed Containing Financial Statements (Continued):

<PAGE>
<TABLE>
<CAPTION>
                          -------------------------------------------------------------------------------------------------------
                                                 SUCCESSOR FOR THE THREE MONTHS ENDED MARCH 29, 1997
                          -------------------------------------------------------------------------------------------------------
                                      CO-OBLIGORS AND GUARANTOR SUBSIDIARIES
                          -------------------------------------------------------------
                                                                            EURAMAX
                             EURAMAX                         EURAMAX       EUROPEAN
                           INTERNATIONAL     AMERIMAX        EUROPEAN      HOLDINGS,
                               PLC        HOLDINGS, INC.   HOLDINGS PLC       B.V.       NON-GUARANTOR               CONSOLIDATED
Thousands of U.S. Dollars    (PARENT)       (GUARANTOR)    (CO-OBLIGOR)   (CO-OBLIGOR)   SUBSIDIARIES   ELIMINATIONS    TOTALS
                          -------------  ---------------  --------------  -------------  -------------- ------------ ------------
<S>                       <C>            <C>              <C>             <C>            <C>            <C>          <C>
Net sales..............   $      --      $      --        $      --       $     --       $  114,874           --     $  114,874


Cost and expenses:
  Cost of goods sold...          --             --               --             --           92,036            --        92,036
  Selling and
   general.............          --             --               --             --           10,639            --        10,639
  Depreciation and
   amortization........          --             --               --             --            2,695            --         2,695
                            ------------- ------------- -------------     -------------  -------------  ------------  ----------

   Earnings from
   operations..........          --             --               --             --            9,504            --         9,504

Equity in earnings of
  subsidiaries.........       2,605          1,075            1,377         2,354             6,434      (13,845)           --
Interest expense,
  net..................          --         (3,254)            (815)         (580)             (969)          --         (5,618)
Other expense, net.....          --             --               --            --               (40)          --            (40)
                             ------------- ------------- -------------    -------------  -------------  ------------  ------------

   Earnings before income
   taxes...............       2,605         (2,179)             562         1,774            14,929      (13,845)         3,846
Provision (benefit) for
    income taxes.......          --         (1,167)            (285)         (203)            2,896            --         1,241
                             ------------- ------------- -------------   -------------  -------------  ------------  ------------
Net earnings (loss)....       2,605         (1,012)             847         1,977            12,033      (13,845)         2,605

Dividends on redeemable                                                                                                           
  preference shares....      (1,233)            --               --             --               --           --         (1,233)
                            ------------- ------------- -------------    -------------  -------------  ------------  ------------
Net earnings available for
  ordinary shareholders..   $ 1,372        $(1,012)           $847         $1,977           $12,033     $(13,845)         $1,372
                            ------------- ------------- -------------   -------------  -------------  ------------  ------------
                            ------------- ------------- -------------   -------------  -------------  ------------  ------------

</TABLE>



<PAGE>

<TABLE>
<CAPTION>

                   --------------------------------------------------------------------------------------------------------
                                                        SUCCESSOR AS OF MARCH 29, 1997
                   --------------------------------------------------------------------------------------------------------
                             CO-OBLIGORS AND GUARANTOR SUBSIDIARIES
                   ----------------------------------------------------------
                                                                    EURAMAX
                       EURAMAX        AMERIMAX       EURAMAX       EUROPEAN
                    INTERNATIONAL     HOLDINGS,      EUROPEAN      HOLDINGS,
                         PLC            INC.       HOLDINGS PLC      B.V.       NON-GUARANTOR                  CONSOLIDATED
                      (PARENT)       (GUARANTOR)   (CO-OBLIGOR)  (CO-OBLIGOR)    SUBSIDIARIES   ELIMINATIONS      TOTALS
                   ---------------  -------------  ------------  -------------  --------------  -------------  ------------
<S>                <C>              <C>            <C>           <C>            <C>             <C>            <C>
                                                              ASSETS
Current Assets:
  Cash and cash
    equivalents..  $       124      $    --        $  --         $    --        $    11,448      $   --        $    11,572
  Accounts
    receivable,
    net..........        --              --             --            --             74,285          --             74,285
  Inventories....        --              --             --            --             82,263        (161)            82,102
  Deferred income
    taxes........        --              --             --            --              1,483          --              1,483
  Other current
    assets.......        --              --             --            --              1,875          --              1,875
                   ---------------  -------------  ------------  -------------  --------------  -------------  ------------
    Total current
      assets......           124        --             --            --             171,354        (161)           171,317
  Property, plant
    and equipment,
    net..........        --             --             --            --             105,811          --            105,811
  Amounts due from
    parent/
    affiliates.....       72,120        --             --            3,364           25,758    (101,242)                --
  Goodwill.........      --             --             --            --              40,583          --             40,583
  Investment in
    consolidated
    subsidiaries...       40,698      143,817        34,878         40,128          258,077    (517,598)                --
  Other assets.....        7,488        3,293           831          1,074            4,581          --             17,267
                     --------------  --------------  ------------  -------------  --------------  -------------  ------------
                     $   120,430     $147,110       $35,709       $ 44,566       $  606,164   $(619,001)         $ 334,978
                     --------------  --------------  ------------  -------------  --------------  -------------  ------------
                     --------------  --------------  ------------  -------------  --------------  -------------  ------------

                                                       LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
   Accounts
    payable........  $    --          $   --         $   --        $   --         $   40,375      $  --         $ 40,375
   Accrued
    expenses.......          (28)       2,589         1,114          1,003            24,411         --           29,089
   Current
    maturities
    of long-term
    debt...........       --              --             --            --              2,000         --            2,000
                   ---------------  -------------  ------------  -------------  --------------  -------------  ------------
Total current
  liabilities....            (28)       2,589         1,114          1,003            66,786         --           71,464
Long-term debt,
  less current
  maturities.....         80,200       29,800        23,900         30,900            43,825         --          208,625
Amounts due to
  parent/
  affiliates.....          --          99,336         2,067            --              --        (101,403)          --
Other liabilities          --             --             --            --              4,969        --             4,969
Deferred income
  taxes..........          --             --             --            --              9,662        --             9,662
                   ---------------  -------------  ------------  -------------  ---------------- -------------   ------------
Total
  liabilities....         80,172      131,725        27,081         31,903           125,242     (101,403)       294,720
                   ---------------  -------------  ------------  -------------  ----------------  -------------  ------------

<PAGE>

Redeemable
  preference
  shares.........         36,423          --             --            --              --             --           36,423
                   ---------------  -------------  ------------  -------------  --------------  -------------  ------------
Ordinary
  shareholders'
  equity:

Ordinary
  shares.........          1,000          --             78              23              74          (175)         1,000
Paid-in capital..          --          17,000         6,922           9,077         456,433      (489,432)            --
Retained earnings
  (deficit)......          1,187       (1,615)        1,333           2,815          22,029       (24,562)         1,187
Cumulative
  foreign
  translation
  adjustment.....          1,648          --            295             748           2,386        (3,429)         1,648
                   ---------------  -------------  ------------  -------------  --------------  -------------  ------------
Total ordinary
  shareholders'
  equity.........          3,835       15,385         8,628          12,663         480,922      (517,598)         3,835
                   ---------------  -------------  ------------  -------------  --------------  -------------  ------------
                    $    120,430   $  147,110      $ 35,709     $    44,566    $    606,164    $ (619,001)    $  334,978
                   ---------------  -------------  ------------  -------------  --------------  -------------  ------------
                   ---------------  -------------  ------------  -------------  --------------  -------------  ------------
</TABLE>



<PAGE>
 
<TABLE>
<CAPTION>
                   --------------------------------------------------------------------------------------------------------
                                                      SUCCESSOR AS OF DECEMBER 27, 1996
                   --------------------------------------------------------------------------------------------------------
<S>                <C>              <C>            <C>           <C>            <C>             <C>            <C>
                                CO-OBLIGORS AND GUARANTOR SUBSIDIARIES
                   -------------------------------------------------------------
 
<CAPTION>
                                                                     EURAMAX
                         EURAMAX        AMERIMAX       EURAMAX       EUROPEAN
                      INTERNATIONAL     HOLDINGS,      EUROPEAN      HOLDINGS,
                           PLC            INC.       HOLDINGS PLC      B.V.       NON-GUARANTOR                  CONSOLIDATED
Current Assets           (PARENT)      (GUARANTOR)   (CO-OBLIGOR)  (CO-OBLIGOR)    SUBSIDIARIES   ELIMINATIONS      TOTALS
                     ---------------  -------------  ------------  -------------  --------------  -------------  ------------
<S>                  <C>              <C>            <C>           <C>            <C>             <C>            <C>
                                                 ASSETS
  Cash and cash      
   equivalents....   $        124     $     --       $      --     $       --     $   12,392      $    --       $      12,516
  Accounts           
    receivable,      
    net............          --             --              --             --         60,767           --               60,767
  Inventories......          --             --              --             --         87,235                            87,235
  Deferred income  
    taxes..........          --             --              --             --          1,483           --                1,483
  Other current      
    assets.........          --             --              --             --          1,350           --                1,350
                     ---------------  -------------  ------------  -------------  --------------  -------------  -------------
   Total current     
    assets.........           124           --              --             --        163,227           --              163,351
  Property, plant    
    and equipment,   
    net............          --             --              --             --        107,338           --              107,338
  Amounts due from   
    parent/          
    affiliates.....        74,765           --              --            3,358       34,074         (112,197)              --
  Goodwill.........          --             --              --             --         40,926           --               40,926
  Investment in      
    consolidated     
    subsidiaries...        37,416        142,743           33,205        37,026      253,124         (503,514)          --
  Other assets.....         7,561          3,476              853         1,102        2,686           --               15,678
                       ---------------  -------------  ------------  -------------  --------------  -------------  ------------
                        $ 119,866      $ 146,219          $34,058    $   41,486     $601,375        $(615,711)     $   327,293
                       ---------------  -------------  ------------  -------------  --------------  -------------  ------------
                       ---------------  -------------  ------------  -------------  --------------  -------------  ------------

                               LIABILITIES AND SHAREHOLDERS EQUITY
Current
  liablilities:
  Accounts            
    payable........    $      --       $    --          $   --       $     --       $ 38,221         $ --         $     38,221
  Accrued             
    expenses.......         2,330            500              695           898       19,571           --               23,994
  Income taxes        
    payable........           (28)        (1,210)            (254)         (328)       3,337           --                1,517
  Current             
    maturities of     
    long-term         
    debt...........           --            --              --             --          2,000           --                2,000
                          ---------------  -------------  ------------  ------------- ---------------  -------------  ------------
    Total current     
     liabilities....        2,302           (710)             441           570       63,129           --               65,732
  Long-term           
    debt, less        
    current           
    maturities.....        80,200         25,000           23,900        30,900       49,740           --              209,740
  Amounts due to      
    parent/           
    affiliates.....          --          105,532              884          --          5,781         (112,197)              --
  Other               
    liabilities....          --              --             --             --          4,722           --                4,722
  Deferred income     
    taxes..........          --              --             --             --          9,735           --                9,735
                       ---------------  -------------  ------------  -------------  --------------  -------------  ------------
    Total               
      liabilities....      82,502       129,822            25,225        31,470      133,107         (112,197)       289,929
                       ---------------  -------------  ------------  -------------  --------------  -------------  ------------
  Redeemable 
    preference
    shares..........       35,191            --             --             --              --          --                35,191
                       ---------------  -------------  ------------  -------------  --------------  -------------  ------------
Ordinary shareholders' 
equity:

  Ordinary
    shares.........         1,000            --                78            23           74                (175)         1,000
  Paid-in capital..           --         17,000             6,922         9,077      456,433            (489,432)          --
  Retained earnings
    (deficit)......          (185)         (603)              486           838        9,996             (10,717)          (185)
  Cumulative
    foreign
    translation
    adjustment.....         1,358           --              1,347            78        1,765              (3,190)         1,358
                        -------------  -------------  ------------  -------------  --------------  -------------  -------------
    Total ordinary
      shareholders'
      equity........        2,173        16,397             8,833        10,016      486,268            (503,514)         2,173
                        -------------  -------------  ------------  -------------  --------------  -------------  -------------
                        $ 119,866      $146,219       $    34,058    $   41,486    $ 601,375       $    (615,711)  $    327,293
                        ---------------  -------------  ------------  -------------  --------------  -------------  -----------
                        ---------------  -------------  ------------  -------------  --------------  -------------  -----------
</TABLE>
 






<PAGE>

INTRODUCTION

The Company employed the purchase method of accounting for the Acquisition 
completed in September, 1996. As a result of the required purchase 
accounting adjustments, the post-Acquisition financial statements for the 
period from September 25, 1996 to March 29, 1997 ("Successor") 
are not comparable to the financial statements for the periods prior to the 
Acquisition ("Predecessor").

RESULTS OF OPERATIONS
 
    The following table sets forth the Company's Statement of Earnings Data
expressed as a percentage of net sales:
 
<TABLE>
<CAPTION>
                                                                                       QUARTER ENDED
                                                                            ------------------------------------
                                                                            MARCH 29, 1997     MARCH 31, 1996
                                                                            ------------------------------------
          <S>                                                               <C>                <C>
          Statement of Earnings Data:
          Net sales....................................................          100.0%             100.0%
          Costs and expenses:
            Cost of goods sold.........................................           80.1               83.9
            Selling and general........................................            9.3                9.2
            Depreciation and amortization..............................            2.3                2.2
                                                                                 -----              -----
             Earnings from operations..................................            8.3                4.7
          Interest expense, net........................................            4.9                0.1
          Other expense, net...........................................            0.0                0.1
                                                                                  -----              -----
             Earnings before income taxes..............................            3.4                4.5
          Provision for income taxes...................................            1.1                1.7
                                                                                 -----              -----
          Net earnings.................................................            2.3%               2.8%
                                                                                 -----              -----
                                                                                 -----              -----
</TABLE>

Quarter Ended March 29, 1997 as Compared to Quarter Ended March 31, 1996

    Net Sales. Net sales increased 3.1% to $114.9 million for the quarter 
ended March 29, 1997 from $111.4 million for the quarter ended March 31, 
1996. This increase is primarily attributable to an increase in steel 
shipments to producers of manufactured homes and an increase in aluminum 
shipments to OEM markets in Europe. These volume increases combined for an 
$8.6 million net sales increase compared to net sales in the quarter ended 
March 31, 1996. Net sales also increased approximately $1.6 million due to 
weakening of the Pound Sterling compared to the U.S Dollar. These increases 
were partially offset by a (i) strengthening of the Dutch Guilder compared to 
the U.S. Dollar which reduced net sales approximately $2.4 million, and (ii) 
lower aluminum selling prices precipitated by an approximate 10% reduction in 
market prices for bar aluminum sheet. Net sales in the U.S. increased 4.2% to 
$64.5 million for the quarter ended March 29, 1997 from $61.9 million for the 
quarter ended March 31, 1996. Net sales in Europe increased 1.8% to $50.4 
million for the quarter ended March 29, 1997 from $49.5 million for the 
quarter ended March 31, 1996.

    Cost of Goods Sold. Cost of goods sold, as a percentage of net sales, 
decreased 3.8% for the three months ended March 29, 1997 from 83.9% in 1996 
to 80.1% in 1997. This decrease is primarily attributable to (i) lower raw 
material prices, which declined more rapidly than selling prices, (ii) sales 
of a greater percentage of margin aluminum products, and (iii) an overall 
improvement in gross margin attributable to higher sales volume.

    Selling, General and Administrative Expenses. Selling, general and 
administrative expenses, as a percentage of net sales, for the three months 
ended March 29, 1997, approximated prior year expenses for the three months 
ended March 31, 1996.

    Depreciation and amortization. Depreciation and amortization increased 
11.7% to $2.7 million in the quarter ended March 29, 1997 from $2.4 million 
in the quarter ended March 31, 1996. This increase was attributable to 
approximately $350,000 in amortization of goodwill in the quarter ended March 
29, 1997 and depreciation on $13.7 million of capital expenditures made in 
the nine months ended December 27, 1996. Such capital expenditures included 
approximately $2.0 million for a fabrication facility in Helena, Arkansas and 
$1.4 million for certain paintline upgrades in Holland and the U.K.

    Earnings from operations. For reasons stated above, earnings from 
operations in the U.S. increased from a loss of $169,000 in the first quarter 
of 1996 to $1.7 million in the first quarter of 1997. Earnings from 
operations in Europe increased 41.5% to $7.8 million for the three months 
ended March 29, 1997 from $5.5 million for the three months ended March 31, 
1996.

    Interest expense, net. Net interest expense in the three months ended 
March 29, 1997 increased substantially to $5.6 million from a level of 
$157,000 for the three months ended March 31, 1996. This increase was 
attributable to interest as a result of the Acquisition debt incurred.

    Other expenses, net. Other expenses were not significant in either 
periods ended March 29, 1997 or March 31, 1996.

    Provision for income taxes. The effective rate for the provision for 
income taxes decreased from 38.0% to 32.3% for the three months 
ended March 31, 1996 and March 29, 1997, respectively. This decrease was due 
to a decline in the earnings of the U.S. operations in the first 
quarter of 1997 compared to 1996 levels, partially offset by higher earnings 
attributable to the European operations. Earnings in the U.S. are subjected 
to slightly higher income tax rates than in the European countries, and are 
also subject to state income taxes.

<PAGE>

                           Part II -- OTHER INFORMATION

Item 1. Legal Proceedings

        None

Item 2. Changes in Securities

        None

Item 3. Defaults Upon Senior Securities

        None

Item 4. Submission of Matters to a vote of Security Holders

        None

Item 5. Other Information

        None

Item 6. Exhibits and Reports on Form 8-K

        (a) Exhibits

            Financial Data Schedule

        (b) Reports on Form 8-K
            
            None


 
<PAGE>


                                   SIGNATURES
 
    Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, Euramax International plc has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.
 
                            EURAMAX INTERNATIONAL plc

       Signature                                             Title 
       ---------                                             -----
By     /s/ J. David Smith
       ___________________________        Chief Executive Officer and President
         J. David Smith

Dated:      May 12, 1997
       ___________________________
 
    PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THIS
REPORT HAS BEEN SIGNED BELOW BY THE FOLLOWING PERSONS ON BEHALF OF EURAMAX
INTERNATIONAL PLC AND IN THE CAPACITIES AND ON THE DATED INDICATED.

<TABLE>

<S>                                                 <C>                                                    <C>
 
/s/ J. David Smith
------------------------------------------          Chief Executive Officer, President and Director        May 12, 1997
       J. David Smith

/s/ R. Scott Vansant
------------------------------------------          V.P. Finance and Administration and Secretary          May 12, 1997
       R. Scott Vansant                             (Principal Financial and Accounting Officer)


/s/ Richard M. Cashin
------------------------------------------          Director                                               May 12, 1997
       Richard M. Cashin


/s/ Joseph M. Silvestri
------------------------------------------          Director                                               May 12, 1997
       Joseph M. Silvestri



------------------------------------------          Director                                               May   , 1997
       William Ty Comfort


/s/ Rolly Van Rappard
------------------------------------------          Director                                               May 12, 1997
       Rolly Van Rappard


/s/ Paul E. Drack
------------------------------------------          Director                                               May 12, 1997
        Paul E. Drack



 
------------------------------------------          Director                                               May   , 1997
       Stuart M. Wallis
 


</TABLE>