KLW Plastics Announces Expansion of Monroe, Ohio Manufacturing Plant

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KLW Plastics announced today that it will expand its Monroe, Ohio facility. The 25,000 sq. ft. expansion is designed to accommodate additional office, manufacturing and warehouse needs.

“We are highly committed to continual improvement of our value proposition” said Scott Dowrey, President and CEO of KLW Plastics. “This expansion will allow us to improve service to the growing Midwest customer base and support the new sustainable product development initiatives company wide.”

Since its founding eight years ago in Monroe, Ohio, KLW has become the leading provider of rigid, tight head containers serving a broad array of markets. The company currently operates manufacturing facilities in Monroe, Ohio, Houston, Texas and Atlanta, Georgia.

www.klwplastics.com

For further information contact: Tom Gruber, National Sales Manager KLW Plastics 513-539-2673 tgruber@klwplastics.com

American Cooling Technology Announces Organization Changes

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Mr. James Schreiber and Mr. J. R. Lucas, founders of American Cooling Technology (ACT), announced today the promotion of Mr. Dave Oberdorff to the position of President and Chief Executive Officer. Mr. Oberdorff has been the General Manager of ACT since starting with the company in 2011.

“Dave has been instrumental since coming on board in helping ACT almost triple its revenues. This change in Dave’s title simply reflects the way the organization is working on a day to day basis and allows us to all focus our talents on what we do best,” said Messrs. Schreiber and Lucas.

Mr. Schreiber will continue to lead the Engineering and Technical Group at ACT as Vice President focusing on new product development as well as the ongoing Engineering support of current products, while Mr. Lucas as Vice President will continue to head up ACT’s Sales and Marketing activities.

“Coming to ACT turned out to be one of the best decisions I’ve ever made and it has been exciting and a real pleasure working with the team here to help make ACT the premier Bus Air Conditioning supplier in the country,” said Mr. Oberdorff. “It was a little scary leaving Carrier after so many years but I could not have made a better choice,” continued Mr. Oberdorff.

American Cooling Technology (ACT) designs, manufactures, and supports a complete line of advanced bus air conditioning systems for the transportation industry, including systems for School Buses, Commercial, Shuttle, Transit and Para Transit Buses. ACT HVAC systems are available for both conventional and hybrid drive vehicles. In addition to a complete Bus AC product line ACT offers its customers specification support, product testing, service parts and on-site product training services. The company is well-known throughout the industry for its advanced product design, its excellent customer technical service and the on-time delivery of a quality product.

KLW Plastics Announces Guy Shipley Joins Sales and Development Team

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KLW Plastics announced today that Mr. Guy Shipley has joined the company as Sales and Market Development Professional. Guy brings many years of experience and success in the plastic container industry, most recently as Dispensing Solutions Sales Manager for Kols Containers.

“We are excited to find someone of Guy’s caliber to strengthen the sales and development team as the company continues its rapid growth and product line expansion,” said Scott Dowrey, President and CEO of KLW Plastics. “His passion for our industry and enthusiasm for customer service will bring value to our organization and the customers we serve”.

Since its founding eight years ago in Monroe, Ohio, KLW has become the leading provider of rigid, tight head containers serving a broad array of markets. The company is currently expanding its Monroe, Ohio facility, operates a facility in Houston, Texas and Atlanta, Georgia.

www.klwplastics.com

For further information contact: Tom Gruber, National Sales Manager KLW Plastics 513-539-2673 tgruber@klwplastics.com

KLW Plastics Announces a New President

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KLW Plastics announced today that Mr. Scott Dowrey has joined the company as President and CEO. Scott brings many years of experience and success in the packaging industry to KLW most recently as President of Storopak, North America.

“We were fortunate to find someone of Scott’s caliber to lead KLW as the company continues its rapid growth,” said Jim Peden, Chief Operating Officer of KODA Enterprises Group, KLW’s owner. “The Board of Directors at KLW saw an immediate fit of Scott’s leadership skills and experience with KLW’s needs and we look forward to Scott and his team at KLW building on the success of the company.”

Since its founding eight years ago in Monroe, Ohio, KLW has become the leading provider of rigid, tight head containers serving a broad array of markets. The company has expanded several times in Monroe, added a facility in Houston, Texas in 2008 and opened a third facility in Atlanta, Georgia in July of 2012.

“I am excited to be joining such a dynamic organization and I look forward to working with our employees, customers and suppliers to make KLW an even stronger company” said Mr. Dowrey.

www.klwplastics.com

For further information contact: James Peden, Chief Operating Officer KODA Enterprises Group 423-756-8891 jpeden@koda.com

Frank Bergonzi Joins Koda Distribution Group as President and Chief Executive Officer

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Koda Distribution Group (“Koda”), a portfolio company of Audax Group, today announced the appointment of Frank Bergonzi as President and Chief Executive Officer, effective August 1, 2012.

Headquartered in Stamford, CT, Koda is a distributor of specialty chemicals for paints and coatings, personal care, dyes, lubricants, construction, sealants and adhesives applications. Robert Spadoni, Koda’s Chief Executive Officer, will continue as a board member and maintain an active role in directing Koda’s strategy. Mr. Bergonzi has 29 years of experience in the chemicals industry. He was recently the Director of Corporate Distribution at BASF, one of the world’s leading chemical producers. Prior to BASF, Mr. Bergonzi held numerous key management positions with Fortune 100 Companies, including Dow Chemical, Witco Corporation, OSi Specialties and Union Carbide.

Bob Spadoni said, “Frank’s experience and successful track record make him an excellent addition to Koda. We are excited to have Frank join us as we continue to execute on our growth objectives.”

Frank Bergonzi said, “I am excited to join and lead the Koda team. Koda is a recognized leader in specialty chemical distribution and has a proven platform for growth. I look forward to building upon the success of the four companies in achieving profitable growth, both organically and via strategic acquisitions.”

ABOUT KODA DISTRIBUTION GROUP Koda Distribution Group, a leader in specialty chemicals distribution, serves customers in coatings, adhesives, sealants and elastomers (CASE), as well as construction, care, lubricants, inks and plastics end markets. It is comprised of four regional divisions servicing the United States: Ribelin in the Southwest and Southeast, GMZ in the Ohio Valley/Midwest, PT Hutchins in the West Coast, and Monson in the Northeast. All four divisions share similar approaches to their respective markets: deep technical expertise and market knowledge, a service platform which includes marketing and product management as well as a network of technical labs to support customers, a focus on customer intimacy and an absolute devotion to customer service.

Contact: Audax Group Jay Mitchell, 617-859-1546 Managing Director jmitchell@audaxgroup.com

KODA Enterprises Group Announces Addition to its ACT Management Team in York, PA

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We are pleased to announce the appointment of Mr. David L. Oberdorff to the position of General Manager and Chief Operating Officer of American Cooling Technology, Inc. (“ACT”) located in York, Pennsylvania. Dave joins our management team with over sixteen years of experience in the specialty air conditioning market.

Dennis Mitchell, President and CEO of KODA’s Pro Air unit in Elkhart, Indiana stated “Dave’s outstanding experience in the transit, inter city, shuttle and school bus markets over many years should serve him well as he moves into this leadership position at ACT. Additionally, we will be integrating Pro Air and ACT into a seamless operation so customers can receive the best of both organizations in their served markets.”

KODA Enterprises Group, located in Lexington, MA is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit by the financial strength and expertise KODA provides to its portfolio companies.

For further information contact: James Peden, Chief Operating Officer KODA Enterprises Group 423-756-8891 jpeden@koda.com

KODA Enterprises Group Acquires American Cooling Technology

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KODA Enterprises Group announced today the acquisition of American Cooling Technology, Inc. (ACT) a leading manufacturer and supplier of air conditioning systems for bus and other specialty vehicles. ACT is headquartered in York, PA.

Messrs. James Schreiber and J. R. Lucas, the former owners of ACT as well as all of the employees of ACT will join the KODA team and the facility in York will remain as the primary office and manufacturing site.

According to J. R. Lucas, “teaming with KODA will allow ACT to continue and improve upon its leadership position in our markets. Both James and I are excited and look forward to our new roles with KODA.”

ProAir, LLC, an existing KODA portfolio company also has a strong presence in supplying heating and cooling systems to the specialty vehicle markets and while the companies will remain separate entities, there will be significant synergies in combining forces with ACT. Mr. Dennis Mitchell, President of ProAir said, “We have watched and admired ACT in our markets and I feel that this combination will strongly benefit both companies and will be great for our combined customers.”

KODA Enterprises Group, located in Lexington, MA is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit by the financial strength and expertise KODA provides to its portfolio companies.

For further information contact: James Peden, Chief Operating Officer KODA Enterprises Group 423-756-8891 jpeden@koda.com

KODA Enterprises Group Announces Opening of Third Facility for its KLW Plastics, Inc. Operation

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KLW Plastics announced its third production facility is scheduled to open in Atlanta,GA in July 2012. Atlanta was selected due to its proximity to a large current and prospective customer base as well as to geographically broaden KLW’s U.S. footprint. KLW’s president, Mike Legeza, commented that “Atlanta allows KLW to serve a broader reach of customers, delivering superior quality and logistics reliability to new customers previously disadvantaged by high freight costs and excessive transit time.” As demand continues to increase, the company plans to increase capacity in Atlanta while exploring potential locations for a fourth production facility. This capacity increase has been enthusiastically supported by our financial partner, Fifth Third Bank. KODA Enterprises Group, located in Lexington, MA is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit by the financial strength and expertise KODA provides to its portfolio companies.

For further information contact: James Peden, Chief Operating Officer KODA Enterprises Group 423-756-8891 jpeden@koda.com

KODA Enterprises Group Acquires Douglas Machines Corp.

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KODA Enterprises Group announced today the acquisition of Douglas Machines Corp. located in Clearwater, Florida. Douglas is the leading manufacturer and supplier of industrial washing and sanitizing systems for food related industries. The Company designs and manufactures a broad range of systems used in the bakery, meat, poultry, food processing, packaging and distribution industries serving many of the most recognizable names in the food preparation market.

Douglas will continue to operate with its current management at its primary location in Clearwater. “We are excited with KODA’s decision to help Douglas continue its growth” said David Ward, President of Douglas. “We looked at several potential partners and we feel KODA is the best positioned to help us achieve our goals of making Douglas even stronger in our served markets.”

The acquisition was financed with Subordinated Debt provided by Harvest Capital Credit, LLC located in New York City and Senior Term and Revolver Facilities provided by Amalgamated Bank also of New York.

According to Richard Buckanavage, President of Harvest, “We view Douglas as a great company with a great management team, and a sound investment for us. We have looked forward to closing a transaction with KODA for some time now.”

KODA Enterprises Group located in Lexington, MA is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit from the financial strength and operational expertise KODA provides to its Portfolio Companies.

For further information contact: James Peden, Chief Operating Officer KODA Enterprises Group 423-756-8891 jpeden@koda.com

KODA Enterprises Group Announces Comprehensive Restructuring of its Credit Facilities with Berkshire

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KODA announces that it has completed a comprehensive refinancing of its senior credit facility with Berkshire Bank to allow the continuing rapid growth of Pro Air Holdings. Pro Air Holdings has two operating units, Pro Air, LLC in Elkhart, Indiana and American Cooling Technology, Inc. (“ACT”) located in York, Pennsylvania.

This new financing, which included a substantial capital infusion from KODA, provides significant liquidity to the companies to allow for their continued growth as they increase their market share.

Dennis Mitchell, President and CEO of Pro Air, LLC states “KODA’s ongoing support of Pro Air and ACT has allowed both companies to continue to execute their growth strategies in the transportation markets they serve. It is comforting to know we have a confident and committed owner.”

KODA Enterprises Group, located in Lexington, MA is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit by the financial strength and expertise KODA provides to its portfolio companies.

For further information contact: James Peden, Chief Operating Officer KODA Enterprises Group 423-756-8891 jpeden@koda.com