Press Release

Mason Wells Announces Closing of the Sale of Oliver Products Company

MILWAUKEE (Apr. 17, 2012) – Mason Wells, a leading Midwest-based private equity firm, announced the closing of the sale of Oliver Products Company (“Oliver” or the “Company”) to an affiliate of the Berwind Group. Oliver, headquartered in Grand Rapids, Mich., is a leading provider of sterile medical device and pharmaceutical packaging. The Company also provides food packaging solutions and equipment to the food service industry.

“Oliver is an outstanding company led by a world class management team, and we have thoroughly enjoyed our five year association with the business,” said Greg Myers, senior managing director at Mason Wells. “Oliver’s products are valued by globally-recognized medical device companies due to their commitment to quality and innovation. During our ownership of the Company, the management team has successfully implemented initiatives in operational excellence, quality leadership, technical innovation and global expansion. The management team has done an outstanding job and has the business poised for continued success in all the markets it serves.”

Jerry Bennish, president and CEO of Oliver, said “The partnership with Mason Wells has been tremendous on all levels. The investments and resources brought to the table, as well as our aligned strategic interests, have allowed Oliver to serve our customers and grow the business. Oliver is very well positioned for continued growth under Berwind’s new ownership.”

Berwind is a fifth generation, family-owned investment company based in Philadelphia, Penn., and was advised by Jefferies & Company, Inc. on the transaction.

About Mason Wells: Mason Wells is a leading Midwest-based private equity firm that manages more than $800 million of capital through the Mason Wells Buyout Funds. Since 1982, Mason Wells has closed more than 80 transactions through the Mason Wells Buyout Funds and its predecessor funds. Mason Wells focuses its investments in the Engineered Products and Services, Packaging and Packaged Goods, and Outsourced Business Services industries. For more information relating to Mason Wells, please visit www.masonwells.com.

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