Perrin Manufacturing Announces Acquisition of Global Plastics, Ltd.

January 26, 2009

Mr. deBuhr views Perrin's strategic acquisition as an, "Opportunity to unite two proud heritages and industry leaders. As the largest and most advanced AFH dispenser company, our number one priority will remain providing our customers with unique and innovative dispensing solutions at the high levels of service that they have come to expect from Perrin and Global."

This partnership is backed by the resources of its majority shareholder, Kinderhook Industries. Founded in 2002, Kinderhook Industries is a middle market private equity firm that manages $470 million of committed capital. Kinderhook's commitment to generating long term growth and driving industry innovation will benefit the newly combined company.

"Over the past several years, we have expanded our product and service offerings, resulting in successful growth as a company," stated Matthew Friesen of Global Plastics Ltd. "Partnering with Perrin and Kinderhook will enhance our position in the industry, allowing us to continue to build on our foundation of developing innovative dispenser solutions."