SK Capital Closes Control Investment in Tri-Tex to Support Continued Business Growth

NEW YORK–(BUSINESS WIRE)–SK Capital Partners, a private investment firm with a disciplined
focused on the specialty materials, chemicals and pharmaceutical
sectors, announced today that it has partnered with management to
recapitalize Tri-Tex Co. Inc. (“Tri-Tex” or the “Company”), a leading
Canadian specialty chemicals manufacturer and value-added distributor
focused on the adhesives, coatings and sealants, surfactants, and
textile chemical markets. SK Capital has acquired a majority control
position with the founders retaining a significant ownership stake in
the ongoing entity.

Aaron Davenport, a Managing Director of SK Capital, commented, “SK
Capital is pleased to partner with Tri-Tex, a Company with a strong
reputation for product innovation, customer service and
application-specific solutions. We have a long-standing relationship
with Naim and Natalie Laham, under whose leadership Tri-Tex has
flourished into a market leader.”

Barry Penney, a Principal of SK Capital, added, “We see multiple
opportunities for Tri-Tex to collaborate with the existing SK Capital
portfolio including leveraging our combined purchasing power, supply
chain initiatives, sales & products agreements, and new product
collaboration. Moreover, we believe the Company is ideally positioned to
capitalize on the fragmented nature of its core markets by growing
through highly accretive acquisitions to augment its geographic scope
and product portfolio.”

Natalie Laham, CEO of Tri-Tex, commented, “We are excited to partner
with SK Capital, a firm ideally suited to support our next phase of
growth given their significant experience in the specialty chemicals
sector and proven track record of growing businesses. With SK’s support
and active engagement, we look forward to accelerating our growth by
providing leading innovative solutions to our expanding base of
customers.”

Morgan, Lewis & Bockius LLP served as legal counsel to SK Capital for
the transaction. CIBC Mid-Market Investment Banking acted as exclusive
financial advisor to Tri-Tex. CIBC provided committed debt financing for
the transaction.

ABOUT SK CAPITAL

SK Capital is a private investment firm focused on the specialty
materials, chemicals and pharmaceutical sectors. The firm builds strong
and growing businesses that generate substantial long-term value for its
investors. SK Capital utilizes its industry, operating and investment
experience to identify opportunities to transform businesses into higher
performing companies with improved strategic positioning, growth,
profitability and risk profiles. The firm currently has approximately
$1.9 billion of assets under management and its portfolio companies
generate revenues of over $5.0 billion annually and employ approximately
8,700 people.

For more information, please visit www.skcapitalpartners.com.

ABOUT TRI-TEX

Tri-Tex is a leading producer of high-performance specialty chemicals
focused on the adhesive, sealants, surfactants and textile & paper
chemical markets. Headquartered in St-Eustache, Quebec, Tri-Tex’s
comprehensive suite of products are critical precursors used to develop
every-day consumer and industrial applications in a variety of
end-markets including paints, printing, personal care, hygiene,
construction, textile and marine.

For more information, please visit www.tritex.com.

Contacts

BackBay Communications
Zachary Tramonti, 617-391-0797
[email protected]