Tri-Tex Announces New Chief Executive Officer

ST. EUSTACHE, Quebec–(BUSINESS WIRE)–Tri-Tex, a leading producer of adhesives, sealants, surfactants and
textile and paper chemicals, announced today that Richard Hooper has
been appointed Chief Executive Officer of the Company. Mr. Hooper is an
industry veteran with more than 30 years of specialty chemical industry
experience having most recently served as CEO of SummitReheis, a
privately-held global specialty chemical company. Mr. Hooper assumes the
role from Natalie Laham, who will remain with the company as a minority
shareholder and member of the Board of Directors.

Tri-Tex is a portfolio company of SK Capital. The private investment
firm partnered with Tri-Tex management to recapitalize the company in
June 2017.

Aaron Davenport, Managing Director of SK Capital and Chairman of
Tri-Tex, commented, “We are thrilled to welcome Richard as the new CEO
of Tri-Tex. We believe he has the requisite skills and experience to
build upon the foundation and legacy established by the Laham family by
continuing to grow the company both organically and through
acquisitions. We also want to thank Natalie for her leadership and
ongoing commitment to the company.”

Natalie Laham added, “Richard has an exemplary track record of leading
businesses to new levels of success. We are excited about the impact
he’ll have on Tri-Tex, which is well-positioned to leverage its
competitive advantages in product innovation, customer service and
application-specific solutions.”

Prior to leading SummitReheis in its successful growth and eventual sale
to Elementis PLC in March 2017, Mr. Hooper served as President and CEO
of ICL Industrial Products, North America, where he had responsibility
for a $1 billion portfolio with 600 employees in 6 locations. Mr. Hooper
has also held senior leadership positions at Supresta and Chemtura,
after beginning his career at Uniroyal Chemical where he held various
positions in engineering, production and general management.

Mr. Hooper added, “I’m excited to become a member of the SK Capital team
and lead Tri-Tex’s continued growth and development. I look forward to
working with our talented workforce to drive our strategy, better serve
our customers and enhance the presence of our brand across our key end
markets.”

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.

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 in excess of $6.0 billion annually and employ
approximately 9,000 people. For more information, please visit www.skcapitalpartners.com.

Contacts

BackBay Communications
Philip Nunes, 617-391-0792
[email protected]