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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 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

KODA Enterprises Group Announces Sale of KODA Distribution Group to Audax

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KODA Distribution Group (“KDG”) today sold a majority of its position to Audax, a Boston based Private Equity Firm. KODA will continue to be the largest non-institutional investor and William S. Karol, President and CEO of KODA, will continue his involvement as the Chairman of the Board. Mr. Karol’s role will be as active driver of KDG’s growth strategy with future acquisitions playing a major role in this strategy.

Bill Karol stated “by teaming up with Audax and their outstanding operational and financial resources, I believe we can achieve our strategic goals faster and take KDG to the next level of growth and profitability. We expect that our continuing investment in KDG will yield outstanding returns for everyone involved.”

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. http://www.burnslev.com/downloads/amazing-deals/Burns-Deals-Ad-2011-Web.pdf http://www.sperrymitchell.com/kdg.asp

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

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

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In February 2008, KLW Plastics, located in Monroe, Ohio began production in its second production facility in Houston, TX. Houston was selected due to its proximity to our large current and prospective customer base as well as to geographically broaden KLW’s U.S. footprint. KLW’s president, Mike Legeza, commented that “Houston 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. With a manufacturing presence in Houston that can competitively serve the South, Southeast, and South West U.S., KLW is the sole national supplier of environmentally-friendly 3.5 to 7 gallon plastic containers that meet increasingly stringent state packaging regulations.” KLW- Houston shipped its initial truck load in the first week of March 2008. As demand continues to increase, the company plans to increase capacity in Houston while exploring potential locations for a third production facility.

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

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