February, 2010 – LOS ANGELES, CA — We are pleased to announce our collaboration with Jim Morley to pursue acquisitions of middle market enterprises in the durable consumer products sector.Jim brings to our efforts a stellar record of leadership in that sector at Igloo Products, Fiskars, and Enviroworks. Our favored opportunities have $50-400 million revenue andbroad product distribution, but are challenged by sub-optimal financial performance which offers a value creation opportunity for Jim and his team. Categories of durableproducts of particular interest include lawn and garden, outdoor recreation, storage andorganization, pet products, and home improvement. We seek US-based enterprises that possess a well established brand and serve a large market, typically through the massmerchandiser channel.
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