Kirtland Capital Partners Announces Sale of International Graphics Inc.

December 18, 2007
Cleveland, Ohio – Kirtland Capital Partners (KCP) announced the sale of its portfolio company, International Graphics Inc. (IGI) to Pouschine Cook Capital Management, LLC. William Blair & Company served as advisor to IGI for the transaction, the terms of which were not disclosed.

IGI, through its operating subsidiaries R Tape Corporation and Custom Extruded Technologies, Inc., is a leading manufacturer of specialty, pressure-sensitive materials and extruded films used in sign making, screen printing, roll label, point of purchase and other specialty film markets. The company manufactures products in four categories: paper and film-based application tapes and pre-masks, digitally and screen-printable vinyl films, over-lamination films and non-pressure-sensitive custom extruded films.

"IGI represented a strong investment opportunity for Kirtland Capital, possessing many of the attributes we look for in a business," said Tom Littman, Kirtland managing partner. "We are pleased that our partnership with management, along with strong financial, operational and strategic support contributed to the company's success while providing KCP investors with significant returns."

"We enjoyed and benefited from our relationship with our friends at Kirtland Capital," stated Roger Jacobs, chairman of IGI. "Kirtland was a significant contributor to the growth and success of the company and helped me develop a solid succession plan for our business. By recruiting Mike Roughton as president and CEO, Kirtland Capital enabled me to focus on strategic initiatives and transition the leadership of the company in an organized and effective manner."

Tom Littman commented, "IGI was achieving strong growth when we acquired the business. KCP accelerated that growth by working with management to broaden the company's product offering through strategic acquisitions. In addition, significant investments were made to increase production capacity, efficiency and product quality. Revenues and earnings tripled during KCP's ownership. The sale generated more than a six time return on KCP's original investment."

About Kirtland Capital Partners
Kirtland Capital Partners, based in Cleveland, Ohio, is a leading private equity firm focused on equity investments in middle-market niche manufacturing, distribution and business service companies. Kirtland's objective is to significantly increase the long-term value of its portfolio companies through strategic, operational and financial improvements. The firm has $325 million of capital under management from an investor group that includes both institutional and individual investors. More information is available at www.kirtlandcapital.com.

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