LOS ANGELES, CA and PARIS, FRANCE – February 1, 2013 – OpenGate Capital, LLC, a private investment and acquisition firm, announced today it has completed the acquisition of Profialis from Tessenderlo Group (NYSE Euronext: TESB). Profialis is a major supplier of extruded PVC window and door profiles to the building and construction industry in Europe.  No financial terms were disclosed.

Andrew Nikou, OpenGate Capital’s founder, Managing Partner and CEO stated, “We’re excited to start the beginning of this new year with the acquisition of Profialis. We are already implementing our plans to ensure a seamless transition from the seller, and to lay the groundwork for leveraging the inherent strengths of Profialis as we see a lot of potential in this business.”

Profialis divides its activities in three groups: fenestration, shutter systems and other interior and exterior finishing products and services. The business has more than 300 employees in its production facilities in Clerval, France and Oeselgem, Belgium and sales offices in Poland and Hungary.

OpenGate Capital will support the expansion of the business through growth of the customer base, extension of the geographic reach, and broadening the overall product range. These initiatives will be done via add-on acquisitions and through the completion of an operational rationalization program that was initiated in prior years.

The acquisition of Profialis occurred just four weeks after OpenGate Capital acquired Zodiac Recreational, the world’s most recognized brand in the nautical industry that designs and manufactures inflatable and rigid inflatable boats. The cross-border acquisition of Profialis further diversifies OpenGate Capital’s portfolio both geographically and by industries served.

About OpenGate Capital, LLC

OpenGate Capital, LLC is a global private investment firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and maintains offices in Paris, France and São Paulo, Brazil. OpenGate’s seasoned team of professionals possesses the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 20 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. The OpenGate portfolio of wholly owned businesses generates nearly $2 billion in revenue and includes businesses from a wide range of industries and geographic markets. For more information, please visit www.opengatecapital.com.

For more information, please contact:

OpenGate Capital Business Development Contact

Joshua Adams

Email: jadams@opengatecapital.com

Telephone: +1 (310) 432-7000

OpenGate Capital Media Contact

Alanna Chaffin

Email: achaffin@opengatecapital.com

Telephone: +1 (310) 432-7000

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LOS ANGELES, CA – January 14, 2013 – OpenGate Capital, LLC, a private investment and acquisition firm, announced today it has hired Mr. Vijay Mony as Vice President of Operations, working from the firm’s headquarters in Los Angeles, California.

Mr. Mony is a tenured investment professional with a diverse global background gained from his work at Alvarez & Marsal, Cerberus Capital Management, GMAC Financial Services, Accenture and Ford Motor Company. Mr. Mony has a proven track record of working with executive management and cross-functional teams leading the execution and implementation of cost reduction strategies to enhance EBITDA. His career spans four areas: supply chain management, operations restructuring, profit optimization, and lean manufacturing. Mr. Mony has worked in a variety of industries including financial services, automotive, heavy industrial, consumer goods, non-profit and retail.

Mr. Andrew Nikou, OpenGate Capital’s founder, Managing Partner and CEO stated, “Vijay Mony joins our firm at a time of unprecedented growth and value generation. We welcome Vijay to our family and believe he brings tremendous strengths to our model as we continue to build on our track record of proprietary, cross-border deals. Vijay will play an important role as a financial and operational executive, bridging all aspects of our investments from deal negotiations through diligence, transition, and long-term operations, as well as monitoring and improving the performance of our multi-industry portfolio of businesses.”

Native to metro Detroit, Mr. Mony graduated from Michigan State University and is a trained Six Sigma Black Belt. He recently co-authored a white paper published on Action Matters entitled, “Automakers: Navigating the Final Months of 2012.”  He has also been a featured speaker on topics such as post-merger integration, global sourcing and procurement and how to incorporate environmental sustainability as a competitive advantage in business.

About OpenGate Capital

OpenGate Capital, LLC is a global private investment firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and maintains offices in Paris, France and São Paulo, Brazil. OpenGate’s seasoned professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 20 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. The OpenGate portfolio of wholly owned businesses generates nearly $2 billion in revenue and includes businesses from a wide range of industries and geographic markets. For more information, please visit www.opengatecapital.com

For more information, please contact:

OpenGate Capital Business Development Contact:

Joshua Adams

Email: jadams@opengatecapital.com

Telephone: 1 (310) 432-7000

OpenGate Capital Media Contact:

Alanna Chaffin

Email: achaffin@opengatecapital.com

Telephone: 1 (310) 432-7060

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LOS ANGELES, CA and PARIS, FRANCE– January 7, 2013 – OpenGate Capital, LLC, a private investment and acquisition firm, announced today it has acquired Zodiac Recreational from Zodiac Marine & Pool, a portfolio company of The Carlyle Group (NASDAQ:CG). Terms of the transaction were not disclosed.

Zodiac Recreational is the world’s leader in the design, manufacturing and distribution of inflatable and Rigid Inflatable Boats (RIBs). Zodiac is the most recognized brand in the nautical industry with an extensive range of products including RIBs, recreational tenders, inflatable boats, jet tenders, life rafts, and related boat accessories as well as two other branded lines of products, Bombard and Avon. The acquisition of Zodiac Recreational included two other business units, stratospheric balloons and multi-layer insulation, both of which serve the aerospace industry. Zodiac Recreational employs 430 people throughout its main operations in France, Tunisia and the in the U.S., as well as its sales offices located in Spain, Italy, Germany, the United Kingdom and Canada.

Mr. Andrew Nikou, OpenGate Capital’s founder, Managing Partner and CEO stated, “Zodiac Recreational joins the OpenGate portfolio, our family of businesses, at an opportune time of disciplined growth and expansion. We continue to seek out businesses around the world that can benefit from our operational strategies, and Zodiac Recreational has all the characteristics and challenges that we see as opportunities for growth. We are confident that given the Zodiac brand heritage, extensive dealer network, and continued strong demand for the Company’s product range, we can leverage these strengths to create a much stronger and vibrant business than ever before.”

The acquisition of Zodiac Recreational represents OpenGate Capital’s sixth transaction for the year 2012 including the acquisitions of Getronics LATAM from KPN,  “Réponse à Tout!,” from Group Ayache, Hamilton Scientific from Thermo Fisher Scientific, and the signed agreement to acquire Profialis from Tessenderlo Group. Additionally, OpenGate Capital announced in December of 2012 that it successfully sold one of its earlier acquisitions, Gabriel Ride Control, for a significant return on investment.

About OpenGate Capital

OpenGate Capital, LLC is a global private investment firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and maintains offices in Paris, France and São Paulo, Brazil. OpenGate’s seasoned professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 20 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. The OpenGate portfolio of wholly owned businesses generates nearly $2 billion in revenue and includes businesses from a wide range of industries and geographic markets. For more information, please visit www.opengatecapital.com

For more information, please contact:

OpenGate Capital Business Development Contact:

Joshua Adams

Email: jadams@opengatecapital.com

Telephone: 1 (310) 432-7000

OpenGate Capital Media Contact:

Alanna Chaffin

Email: achaffin@opengatecapital.com

Telephone: 1 (310) 432-7060

#  #  #

LOS ANGELES, CA – December 10, 2012 – OpenGate Capital, LLC, a private investment and acquisition firm, announced today it has completed the sale of Ride Control, LLC including the Gabriel® (U.S. and Canada) and GRC® (Mexico) brand names to MAT Holdings, Inc., a global manufacturer and distributor of products in the automotive, hardware, and power equipment sectors. Financial terms of the transaction were not disclosed.

Ride Control serves the automotive aftermarket as a leading designer, manufacturer and distributor of shock absorbers and struts in the U.S. and Canada.

Andrew Nikou, OpenGate Capital’s founder, Managing Partner and CEO stated, “We are proud of the hard work and commitment demonstrated by the entire Gabriel team under the leadership of the CEO, Lisa Bahash. For the last three and a half years, the OpenGate Capital portfolio management team and Lisa’s team have executed on a plan to improve the business. The combined results of taking a business from cash and EBITDA negative, to a 20 percent increase in revenues and nearly $20 million positive EBITDA, are a testament to their success.”

The Ride Control business was comprised of two acquisitions; Ride Control acquired by OpenGate Capital from Arvin Meritor in June of 2009, and Ride Control Mexicana, acquired in August of 2009, also from ArvinMeritor. The business has more than 1,400 employees located in Michigan, Oklahoma, Tennessee and Mexico.

About OpenGate Capital, LLC

OpenGate Capital, LLC is a global private investment firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and maintains offices in Paris, France and São Paulo, Brazil. OpenGate’s seasoned professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 20 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. The OpenGate portfolio of wholly owned businesses generates nearly $2 billion in revenue and includes businesses from a wide range of industries and geographic markets. For more information, please visit www.opengatecapital.com .

About Ride Control, LLC

Ride Control designs, manufactures, markets and distributes shock absorbers and strut assemblies under the Gabriel® (U.S. and Canada) and GRC® (Mexico) brand names. The company originated the world’s first automotive shock absorber, “The Snubber,” in 1907, and continues today to be a market leader in the design, engineering, development and production of suspension system products today.  The Gabriel® brand name is among the most widely recognized brands in the North American automotive aftermarket. The business generates more than $210 million of sales and has over 1,400 employees in the U.S., Canada and Mexico serving over 600 customer accounts. The company maintains manufacturing, design, warehouse, sales and management offices throughout North America including Detroit, Michigan; Chickasha, Oklahoma; Brentwood, Tennessee and Queretaro, Mexico. For additional information, please visit www.gabriel.com.

About MAT Holdings, Inc.

MAT Holdings, Inc. is a privately held company, founded in 1984, that has quickly grown as a respected global manufacturer, distributor and marketer of products in the fencing and hardware, automotive, and power equipment sectors.  Headquartered in Long Grove, Illinois it has operations on three continents, including 2.1 million square feet of U.S. distribution and manufacturing space, and provides its customers with a full range of services including U.S. and overseas engineering, quality assurance, logistical and distribution support, strategic warehousing, bi-lingual sourcing, product development and marketing. For more information regarding MAT Holdings, Inc. and its family of companies go to www.mat-holdings.com.

For more information, please contact:

OpenGate Capital Business Development Contact

Joshua Adams

Email: jadams@opengatecapital.com

Telephone: 1 (310) 432-7000

OpenGate Capital Media Contact

Alanna Chaffin

Email: achaffin@opengatecapital.com

Telephone: 1 (310) 432-7000

MAT Holdings Media Contact

Bob Craig

Email: bob.craig@matholdingsinc.com

Telephone:  1 (847) 383-8595

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LOS ANGELES, CA – October 29, 2012 – OpenGate Capital, LLC, a private investment and acquisition firm, announced today it has signed an agreement to sell one of the firm’s portfolio companies, Ride Control, LLC which includes the Gabriel® (U.S. and Canada) and GRC® (Mexico) brand names to MAT Holdings, Inc., a global manufacturer and distributor of products in the automotive, hardware, and power equipment sectors. The financial terms of the transaction were not disclosed and it is expected to be complete before the end of the year.

Ride Control was acquired by OpenGate Capital in June of 2009 from ArvinMeritor, and was quickly enhanced with the add-on acquisition of Ride Control Mexicana in August of 2009, also acquired from ArvinMeritor. OpenGate Capital improved the operations of Ride Control through the implementation of several strategic initiatives and through the appointment of a new President and CEO, Lisa Bahash. 

Andrew Nikou, OpenGate Capital’s founder, Managing Partner and CEO stated, “This is a complete success story for OpenGate Capital and Ride Control. When we first acquired the business, it was struggling and cash-negative. In just three and a half years, revenues increased by 20 percent, and EBITDA went from a negative position to nearly $20 million today. This was all through our operational strategies implemented within the first year of ownership which led to expanded distribution and improved operations. We saw great potential in the business and knew we could revitalize the operations and create tremendous upside in our investment. The OpenGate Capital model has proved successful again, and MAT Holdings is the ideal owner for the next phase of growth for Ride Control.” While specific terms of the deal were not disclosed, the investment will result in an approximate return of 50 times invested capital.

Lisa Bahash stated, “Under OpenGate’s leadership and through the dedication and tenacity of Ride Control’s employees, we have created real and measurable value in the past three and a half years. Today marks another exciting phase for the business as we prepare to transition to MAT Holdings and embark on new growth initiatives.”

About Ride Control, LLC

Ride Control designs, manufactures, markets and distributes shock absorbers and strut assemblies under the Gabriel® (U.S. and Canada) and GRC® (Mexico) brand names. The company originated the world’s first automotive shock absorber, “The Snubber,” in 1907, and continues today to be a market leader in the design, engineering, development and production of suspension system products today.  The Gabriel® brand name is among the most widely recognized brands in the North American automotive aftermarket. The business generates more than $210 million of sales and has over 1,400 employees in the U.S., Canada and Mexico serving over 600 customer accounts. The company maintains manufacturing, design, warehouse, sales and management offices throughout North America including Detroit, Michigan; Chickasha, Oklahoma; Brentwood, Tennessee and Queretaro, Mexico. For additional information, please visit www.gabriel.com.

 About OpenGate Capital, LLC

OpenGate Capital, LLC is a global private investment firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and maintains offices in Paris, France and São Paulo, Brazil. OpenGate’s seasoned team of professionals possesses the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 20 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. The OpenGate portfolio of wholly owned businesses generates nearly $2 billion in revenue and includes businesses from a wide range of industries and geographic markets. For more information, please visit www.opengatecapital.com.

About MAT Holdings, Inc.

MAT Holdings, Inc. is a privately held company, founded in 1984, that has quickly grown as a respected global manufacturer, distributor and marketer of products in the fencing and hardware, automotive, and power equipment sectors.  Headquartered in Long Grove, Illinois it has operations on three continents, including 2.1 million square feet of U.S. distribution and manufacturing space, and provides its customers with a full range of services including U.S. and overseas engineering, quality assurance, logistical and distribution support, strategic warehousing, bi-lingual sourcing, product development and marketing. For more information regarding MAT Holdings, Inc. and its family of companies go to www.mat-holdings.com.

For more information, please contact:

OpenGate Capital Business Development Contact

Joshua Adams

Email: jadams@opengatecapital.com

Telephone: 1 (310) 432-7000

OpenGate Capital Media Contact

Alanna Chaffin

Email: achaffin@opengatecapital.com

Telephone: 1 (310) 432-7000

MAT Holdings Media Contact

Bob Craig

Email: bob.craig@matholdingsinc.com

Telephone:  1 (847) 383-8595

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LOS ANGELES, CA – October 24, 2012 – OpenGate Capital, LLC, a private investment and acquisition firm, announced today it has acquired the Laboratory (“Lab”) Workstations business from Thermo Fisher Scientific Inc., (NYSE: TMO). Lab Workstations is a leading designer, manufacturer and installer of laboratory furniture, fume hoods and epoxy resin tops. No financial terms were disclosed.

Andrew Nikou, OpenGate Capital’s founder, Managing Partner and CEO stated, “We are extremely pleased to have worked with Thermo Fisher on this divestiture. We view the Lab Workstations business as an extraordinary opportunity for our team to apply our operational know-how and maximize the efficiencies of the business. I am confident that great value will be created as this acquisition sits perfectly in our wheel house of expertise; from transitioning and operating a niche manufacturing business, to satisfying existing and new customer orders, and integrating approximately 1,800 employees into our family of companies. We are committed to investing significant human and financial capital and look forward to building upon the inherent successes of the business.”

Lab Workstations generates $175 million annually in revenue and its products include wood, metal and adaptable systems laboratory furniture, fume hoods and Epoxyn tops marketed and sold under three established brand names; Hamilton, Advanced Laboratory Concepts (ALC) and Collegedale. The business has a highly diversified, North American customer base in the academic, government, research, pharmaceutical and biotechnology markets. In addition to facilities in Wisconsin, Texas, Arkansas, and Mexico, Lab Workstations has established domestic and international dealer networks, and dedicated sales personnel in China, India and the Middle East. The business specializes in working closely with architects, lab planners, building owners and contractors to design, manufacture and integrate laboratory workstations and fume hoods to enhance productivity and safety in the lab and to ensure compliance to lab certifications. Supported by a sophisticated project management process, installation system and fully robust IT process, customer relationships of Lab Workstations are solid, stretching back 100 years, leading to repeat sales and increased brand awareness.

Leading the transaction for OpenGate Capital were Michael Kraus, the firm’s Senior Principal and head of North American mergers and acquisitions, and Mr. Sebastien Kiekert Le Moult, Special Advisor to OpenGate Capital. Mr. Kraus stated, “The Lab Workstations business has significant operational value when we consider the 100 year heritage of the business, the industry leading position it has in a highly specialized market, and the robust manufacturing capabilities that exists today. We’re confident that working with the management team at Lab Workstations, we can create even greater value through growth, operational enhancements, and a continued emphasis on enhancing customer service and value.” Commenting further on the transaction, Mr. Kiekert Le Moult said, “Lab Workstations is already fully staffed and operates as a stand-alone business unit that will run independently. This is a great advantage as it enables OpenGate Capital to immediately focus on strategies to grow, expand and optimize the business.”

About OpenGate Capital, LLC

OpenGate Capital, LLC is a global private investment firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and maintains offices in Paris, France and São Paulo, Brazil. OpenGate’s seasoned team of professionals possesses the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 20 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. The OpenGate portfolio of wholly owned businesses generates nearly $2 billion in revenue and includes businesses from a wide range of industries and geographic markets. For more information, please visit www.opengatecapital.com.

For more information, please contact:

OpenGate Capital Business Development Contact

Joshua Adams

Email: jadams@opengatecapital.com

Telephone: +1 (310) 432-7000

OpenGate Capital Media Contact

Alanna Chaffin

Email: achaffin@opengatecapital.com

Telephone: +1 (310) 432-7000

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LOS ANGELES, CA – October 8, 2012 – OpenGate Capital, LLC, a private investment and acquisition firm, announced today it has signed an agreement with Tessenderlo Group (NYSE Euronext: TESB) to acquire Profialis, a major supplier of extruded PVC window and door profiles to the building and construction industry in Europe. Tessenderlo Group, the parent company of Profialis, is divesting the business as part of an on-going strategy to focus on the food, agriculture, water management and valorizing bio-residuals aspects of their business. The transaction is expected to close within 60 days.  No financial terms were disclosed.

Andrew Nikou, OpenGate Capital’s founder, Managing Partner and CEO stated, “Profialis is a business with solid fundamentals, strong market position, and a stable base of loyal customers. We’re excited to work with management to build on the strengths of the business and to create significant value with particular focus in France and Benelux, the company’s flagship markets.”

Profialis divides its activities in three groups: fenestration, shutter systems and other interior and exterior finishing products and services. The business has more than 300 employees in its production facilities in Clerval, France and Oeselgem, Belgium and sales offices in Poland and Hungary.

OpenGate Capital’s European Partners Julien Lagrèze, Robert Lezec and Sebastien Kiekert Le Moult led the transaction and will work closely with the company to strengthen its operational and financial performance.

About OpenGate Capital, LLC

OpenGate Capital, LLC is a global private investment firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and maintains offices in Paris, France and São Paulo, Brazil. OpenGate’s seasoned team of professionals possesses the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital has executed more than 20 transactions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special situation investments. The OpenGate portfolio of wholly owned businesses generates nearly $2 billion in revenue and includes businesses from a wide range of industries and geographic markets. For more information, please visit www.opengatecapital.com .

About Tessenderlo Group

Tessenderlo Group is a worldwide specialty company, focused on food, agriculture, water management and on valorizing bio-residuals. The group employs about 7,500 people and is a leader in most of its markets, with a consolidated revenue of 2.1 billion EUR in 2011.  Tessenderlo Chemie NV is listed on NYSE Eurolist by Euronext Brussels and is part of Next 150 and BEL Mid indices. Financial News wires: Bloomberg: TESB BB – Reuters: TesBt.BR – Datastream: B:Tes

For more information, please contact:

OpenGate Capital Business Development Contact

Joshua Adams

Email: jadams@opengatecapital.com

Telephone: +1 (310) 432-7000

OpenGate Capital Media Contact

Alanna Chaffin

Email: achaffin@opengatecapital.com

Telephone: +1 (310) 432-7000

In addition to the magazine, Lee will also contribute a column dedicated to food and entertaining to TV Guide Magazine called “In The Kitchen.” Lee has been at the forefront of the celebrity chef movement since the launch of her Food Network show, Semi-Homemade Cooking with Sandra Lee, which is now in its 15th season, and Sandra’s Money Saving Meals, currently in its 5th season. In 2012, Lee was awarded a Daytime Emmy for “Outstanding Lifestyle/Culinary Host” for Semi-Homemade Cooking with Sandra Lee. Lee is also a New York Times Bestselling author of 23 books.

About TV Guide Magazine
Each week, 12.8 million readers turn to TV Guide Magazine for breaking news, inside scoop and behind-the-scenes access to their favorite shows and stars. TV Guide Magazine is the premier source for entertainment news, guidance, and information about America’s most popular leisure time activity. For more information, please visit tvguidemagsales.com or follow TV Guide Magazine on Facebook, Twitter, Pinterest and Get Glue. TV Guide Magazine is also available on Amazon’s Kindle Fire, Barnes & Noble’s Nook, and later this month, Apple’s iPad.

Press Contact: Amanda Hebert
Phone: 212-918-2046; E-mail: amanda@high10media.com

####

LOS ANGELES, CA and PARIS, FRANCE– JULY 31, 2012 – OpenGate Capital, LLC, a private investment and acquisition firm, announced today it has signed an agreement to acquire Zodiac Recreational from Zodiac Marine & Pool, a portfolio company of The Carlyle Group (NASDAQ:CG). The acquisition is expected to be complete within 90 days, subject to customary closing conditions. Terms of the transaction were not disclosed.

Zodiac Marine & Pool is divesting Zodiac Recreational as part of an on-going strategy to refine and refocus its business in the military, professional, and clean water industries.

Zodiac Recreational is the world’s leader in the design, manufacturing and distribution of inflatable and Rigid Inflatable Boats (RIBs). The first inflatable boat was invented by Zodiac in the mid-1930s, and the brand was made popular in the 1950s by Jacques-Yves Cousteau who used Zodiac tenders during his expeditions. Today, Zodiac is the leading brand and most recognized business in the nautical industry with an extensive range of products including RIBs, recreational tenders, inflatable boats, jet tenders, life rafts, and related boat accessories. Zodiac Recreational also serves the space industry with a stratospheric balloon and multi-layer insulation activity, that will be included as part of the acquisition.

Mr. Andrew Nikou, OpenGate Capital’s founder, Managing Partner and CEO stated, “We are extremely honored to have the trust and faith of Zodiac Marine & Pool.  The Zodiac family of brands is iconic in its representation of quality, safety and reliability. We couldn’t be more pleased to mark our first marine industry acquisition with Zodiac, the ultimate symbol of performance.”

Mr. Yves Dominioni, Chief Executive Officer of Zodiac Marine & Pool commented, “After putting the operations of this world famous brand into a better position, we are very pleased with the decision to divest this business to OpenGate Capital, a firm we describe as good parents.”

OpenGate Capital’s European partners Robert Lezec and Julien Lagrèze are leading the transaction, and they will work closely with Zodiac Recreational’s existing management team to strengthen the company’s operational and financial fundamentals, as well as drive expansion across Europe and into other markets around the world.

Zodiac Recreational products include three brand names: Zodiac, Bombard, and Avon.  The products are distributed through a network of dealers in Europe and the US, and through importers for other select markets.

Robert Lezec stated, “Zodiac’s rich brand heritage has been enhanced over the years through relentless innovation and a commitment to the highest standards of quality. We are confident that we will be able to continue raising the profile, visibility and geographical reach of these brands going forward.”

Mr. Julien Lagrèze added, “The consistent progression of the Zodiac business is not only attributed to the modernization of its manufacturing and distribution processes, it is also due to a dedicated base of highly skilled employees.”  Zodiac Recreational employs 430 people throughout its main operations in France as well as its facilities in Tunisia and the U.S.

About Zodiac Marine & Pool
Zodiac Marine & Pool is a global leader in Pool Care for residential swimming pools & spas, Recreational Marine, Military & Professional Marine and Environment.  Each area of specialization is linked through complementary know-how in manufacturing and support services. Zodiac’s technological expertise is reflected in innovative product design, sophisticated manufacturing and constant customer interaction.  Its portfolio of high-profile brands, each a recognized international leader in its field, include Zodiac®, Polaris®, Bombard®, Avon®, Hurricane and Evac. www.zodiac.com