SUPERIOR CAPITAL PARTNERS ACQUIRES PARR TECHNOLOGIES AS SECOND ADD-ON INVESTMENT TO EDGE ADHESIVES PLATFORM

FOR IMMEDIATE RELEASE

Detroit, MI, January 3, 2012 — Superior Capital Partners LLC, a Detroit-based private equity firm, announced today that it has acquired the assets of PARR Technologies as an add-on acquisition to its Ft. Worth, Texas-based specialty chemicals portfolio company, Edge Adhesives. The transaction represents the ninth acquisition from Superior’s 2008 inaugural fund and the fifth acquisition in the last twelve months. Edge Adhesives acquired PARR from a group of private investors. The transaction represents the second add-on investment to the Edge platform which was formed in March 2010. Edge also acquired Columbus, Ohio-based Rubex Inc. in May 2011.

Located in Elkhart, Indiana, PARR Technologies is a manufacturer of butyl tapes, sealants, and coatings that are sold to the sound dampening, electric, appliance, window & door, composite, and RV end markets. The PARR transaction brings to Edge complementary product lines and manufacturing capacity, a diverse customer base, and an experienced sales team.

Edge President and Chief Executive Officer Dave Burger commented, “This is a very exciting acquisition for Edge. The transaction optimizes Edge’s long-term manufacturing and distribution strategy and creates a larger, more diverse and substantial player in the industry. The combined company possesses several unique formulations and adhesive technologies that offer performance and environmental qualities that are among the best in the industry.”

Scott Hauncher, Superior’s Managing Director, commented, “This acquisition creates a third brand and division for our Edge Adhesives platform and continues the strong growth path of the Company. The achievements of Edge represent Superior’s core investment thesis as a Special Situations fund. Since Superior’s 2010 acquisition of Edge Adhesives, we have completed two add-ons, brought in a new business leader, returned the Fund’s bridge capital with third party financing, and quadrupled the run rate revenue of the business. We are proud to be partners with the management team at Edge and are excited for the future of the business.”

As a special situations fund, Superior combines capital, transaction experience and operational improvement expertise with proven management teams who have the vision, capability and commitment to successfully improve and grow their businesses. Superior seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Generally, these companies will have annual revenue of $10 to $150 million, identifiable growth opportunities and the need for capital and resources to implement a growth and recovery plan.

Related websites:
www.edgeadhesives.com

Contact: Scott Hauncher | Superior Capital Partners LLC | (313) 596-9603 | email