The Sterling Group Completes Sale Of Exopack

HOUSTON (October 17, 2005) – Private equity firm The Sterling Group, L.P. today announced that they have finalized the sale of Exopack Holding Corp. to Sun Capital Partners, Inc. Exopack offers one of the broadest product offerings in the flexible packaging industry, supplying both industrial and consumer markets with a variety of paper and plastic packaging options. 2004 revenues were approximately $510 million. Exopack was purchased in 2001 from International Paper and held in The Sterling Group’s Fund I. The operating subsidiary, Exopack LLC, will continue under the leadership of President and CEO Stan Bikulege. “Exopack exemplifies our investment philosophy – to partner with the management and employees, focus on strategic initiatives to grow the business and create value for …

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Genstar Capital, Sterling Group Complete Acquisition of Panolam Industries

SAN FRANCISCO, HOUSTON and SHELTON, Conn. (October 4, 2005) – Private equity firms Genstar Capital, LLC and The Sterling Group, L.P. today announced that they have finalized the acquisition of Panolam Industries International, Inc. in a transaction valued at $345 million. Management of the purchased organization will also participate in the company’s ownership. With five manufacturing facilities and three distribution centers in the US and Canada, Panolam designs and manufactures decorative laminate panels that serve as durable and economical substitutes for natural surfacing materials such as wood, stone and ceramic. Commercial and residential uses of these laminates include cabinets, countertops, display cases and restaurant furniture. Panolam is based in Shelton, Connecticut. “We’re looking forward to working with Genstar and Sterling …

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The Sterling Group Closes $470 Million Private Equity Fund

HOUSTON (May 25, 2005) – The Sterling Group, L.P., a Houston-based private equity firm focused on acquiring North American middle-market manufacturing, industrial service and distribution companies, today announced the final close of Sterling Group Partners II, L.P. (“Fund II”), with aggregate capital commitments of $470 million, including $20 million from the Principals of Sterling. Additionally, The Sterling Group announced the addition of two new members to the Sterling team. Gary Rosenthal, a former Principal with Sterling from 1989 to 1990, has rejoined as a Principal, and Kelly Boots has been named Chief Financial Officer. The Sterling Group founded more than 23 years ago, is one of the oldest private equity firms in the United States. Sterling’s six Partners – Chairman …

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