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

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