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January 11, 2011
TricorBraun Holdings, Inc. Acquires Penn Bottle and Supply Co.

TricorBraun Holdings, Inc., a portfolio company of CHS Capital, has completed the acquisition of Penn Bottle and Supply Co. TricorBraun is a portfolio investment of CHS Private Equity V LP, a $1.3 billion investment fund formed in 2005.

Headquartered in Philadelphia, Pennsylvania, Penn Bottle and Supply Co. is a leading distributor of packaging solutions, including containers, closures and related components. Penn Bottle serves the food, healthcare, industrial, personal and cosmetics end-markets. For additional information about Penn Bottle, please refer to the company’s website at www.pennbottle.com.

Founded in 1902 and headquartered in St. Louis, Missouri, TricorBraun is the largest distributor of rigid packaging solutions in North America, with over 40 locations globally and annual revenues approaching $1 billion. TricorBraun provides a comprehensive offering of over 32,000 rigid packaging containers and related components as well as extensive package design, engineering and development services, global sourcing and logistics management. TricorBraun’s customers span the personal care, healthcare, household and industrial chemicals, and food and wine end-markets. For additional information about TricorBraun, please refer to the company’s website at www.tricorbraun.com.

“Penn Bottle represents TricorBraun’s twelfth acquisition and fits well with our strategy of acquiring select packaging distribution businesses with attractive growth potential,” said Keith Strope, President and Chief Executive Officer of TricorBraun. “The combination of Penn Bottle’s presence in the East withTricorBraun’s current business significantly strengthens our East-coast position. Together, we will provide customers with an even greater array of packaging options designed and engineered to deliver success in their markets.”

CHS Capital is a Chicago-based private equity firm with 23 years of experience investing in the middle market. Targeting well-managed companies with enterprise values between $75 - $500 million, CHS partners with management teams to focus on accelerating growth, enhancing capabilities and resources, and positioning companies for attractive exits. CHS has specialized expertise in the Consumer & Business Services; Distribution; and Industrial, Infrastructure & Energy sectors and has completed over 300 transactions. Founded in 1988, CHS has formed five private equity funds and has $2.3 billion of committed capital in active investment funds. For additional information about CHS Capital, please refer to the firm’s website at www.chsonline.com.