VersaLoc - Couplers - Excavator Buckets, Attachements

INTERNATIONAL EQUIPMENT SOLUTIONS NAMES STEPHEN ANDREWS CHIEF EXECUTIVE OFFICER

New York, NY (January 3, 2012) – International Equipment Solutions, LLC ("IES") announced today that it has named Stephen Andrews as its Chief Executive Officer. Mr. Andrews was previously President and Chief Executive Officer of Pettibone LLC, the parent company of fourteen diversified global industrial businesses.

IES, through its Paladin and Crenlo business units, is a global engineered equipment company serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining and energy markets. IES is owned by KPS Capital Partners, LP, a private equity firm with over $2.7 billion of assets under management, which formed the company in September 2011.

Mr. Andrews said, "I am thrilled to lead International Equipments Solutions. IES’s acquisitions of Paladin and Crenlo are just the first steps in the creation of an international engineered equipment manufacturer with leading brands and a strong reputation for quality, durability, delivery, support and continual product innovation. I look forward to working with the Paladin and Crenlo associates to provide our customer base with world-class service, and to grow IES worldwide both organically and through acquisitions."

Prior to joining Pettibone in 2007, Mr. Andrews spent thirteen years in various domestic and international positions with Hendrickson International. He is a graduate of the University of Michigan.

International Equipment Solutions, LLC is a global engineered equipment company serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining, and energy markets. IES operates through two primary business units: Paladin, a leading manufacturer of engineered attachment tools for operator-driven equipment, and Crenlo, a leading manufacturer of cab enclosures for operator-driven equipment as well as specialty electronic enclosures. IES’ customers include major OEMs, national rental fleet companies and hundreds of independent and OEM-aligned dealers. IES employs over 1,500 people and operates 14 manufacturing facilities in Iowa, Michigan, Minnesota, North Carolina, Ohio, Oregon, Tennessee, Wisconsin and Memmingen, Germany. For more information, please visit www.paladinbrands.com and www.crenlo.com.

CEDAR RAPIDS, Iowa (Sept. 7, 2011) – Paladin Brands Holding, Inc. (“Paladin”) today announced that KPS Capital Partners, LP ("KPS"), through a newly formed holding company, International Equipment Solutions, Inc. (“IES”), has entered into a definitive agreement to acquire Paladin and Crenlo LLC (“Crenlo”) fom Dover Corporation (NYSE: DOV). Financial terms of the transaction were not disclosed.

Paladin is the leading independent North American provider of engineered attachment tools for operator-driven equipment serving a wide range of markets. Paladin operates four business units, each focused on specific markets and products. Paladin Construction Group serves the construction, landscaping, agriculture and aviation markets under industry leading brands, including Bradco®, McMillen®, FFC®, Sweepster®, Harley®, JRB®, C&P® and CustomWorks®. Paladin Demolition and Recycling, through its Genesis® brand, serves the demolition and metal recycling markets. Paladin Utility, through its Pengo® brand, provides augers and related tools for the utility and foundation drilling markets. Paladin Custom Material Handling, through its Jewell® brand, provides custom excavator packages for the demolition, forestry and material handling markets.

Crenlo is a leading North American provider of steel cabs and roll-over protective structures (ROPS) and electronics enclosures for customers serving a wide range of markets. In the operator interface cab segment, Crenlo serves world class OEM customers in the construction, mining, agriculture and specialty truck markets. Crenlo, through its Emcor® brand, provides standard catalog and custom products for customers serving the technology, aerospace, government and energy markets.

David Burdakin, President of Paladin, said, “Our entire team at Paladin is pleased to move forward under KPS and excited about their commitment to manufacturing excellence and to supporting our future growth. We will remain focused on providing our customers with industry leading products and unsurpassed service.”

Raquel Palmer, a KPS Partner, said, “We are very excited to create International Equipment Solutions. IES, by acquiring Paladin and Crenlo, launches as the premier international engineered equipment manufacturer, with an industry leading portfolio of brands and an exceptionally strong reputation for quality, durability, delivery, product support and product innovation. We intend to grow IES aggressively both organically and through acquisition in North America and globally. The combination of the company’s exceptional operational expertise and strong customer relationships, combined with financial resources provided by KPS, will facilitate IES’s global expansion, especially in China, India and South America.”

The closing of the transaction is expected during the third quarter of 2011 and is subject to customary closing conditions.

Paladin Brands designs, engineers and manufactures attachment tools for heavy and light equipment with applications in the construction, agriculture, demolition, recycling, landscaping, aviation and utility end-markets. Paladin’s industry leading brands include Bradco®, McMillen®, FFC®, Sweepster®, Harley®, JRB®, C&P®, CustomWorks®, Genesis®, Pengo® and Jewell®. The company’s products include buckets, couplers, trenchers, shears, augers, brooms, forks, grapples and many other attachment tools. Paladin’s customers include major international OEMs, independent and OEM-aligned dealers, and national equipment rental businesses. The company has approximately 1,000 employees across 12 facilities in Iowa, Ohio, Michigan, Wisconsin, Minnesota, North Carolina, Tennessee, Oregon and Memmingen, Germany. For more information, please visit www.paladinbrands.com.

February 2011
Paladin Construction Group Expands Its Broad,
Safe Line Of Quick Couplers

Paladin Construction Group (PCG) is unveiling two new quick coupler systems at CONEXPO-CON/AGG 2011 in the North Hall, Booth 1849. Adding the new JRB PowerLatch^™ and Bradco Mini-Excavator Coupler to PCG’s extensive line of quick couplers provides customers with one single-source solution when searching for simple, yet safe ways to quickly change attachments on most excavators, mini-excavators, wheel loaders and loader backhoes.

Well respected as a quick coupler manufacturer for more than 25 years under the JRB brand, Paladin Construction Group has teamed with Miller UK Limited in North America to offer customers the industry’s most extensive quick coupler line for all carriers in combination with its eight leading attachment brands—many with histories dating back 30 to 50 years. These brands are: JRB, Bradco, Sweepster, CP, CustomWorks, FFC, Harley and McMillen. In addition to these brands, all JRB and Bradco couplers are compatible with most attachment and machine brands.

The new JRB PowerLatch, designed by Miller, is one of the safest, most advanced quick couplers available for excavators and loader backhoes. Engineered with the patented Automatic Blocking System (ABS), it features backup mechanical locks on both the front and rear attachment pins that are independent of the machine’s hydraulic locking and operating system. The ABS mechanical backup safety system automatically locks both pins so coupler engagement is maintained even if a hydraulic failure occurs. Attachments can only be removed under operator control when they are in a safe, curled position. It has the most features and is one of the lightest, yet strongest excavator and loader backhoe quick couplers available today and features minimal offset.

The Bradco Mini-Excavator Coupler maintains the same unique Miller design features as the JRB PowerLatch and is available in two versions, featuring a compact design that is lighter, yet stronger than most mini-excavator couplers. The cost-effective manual version uses a manual locking pin to maintain attachment engagement and worker safety on all mini-excavator models. For five-ton mini-excavators and above, the fully automatic version replaces the manual safety pin with hydraulic operation and includes hydraulic check valves that prevent attachment disengagement if hydraulic failure occurs.

In addition to these new couplers, Paladin Construction Group will also display its new CP Scoop Bucket and new Bradco Mini-Excavator Buckets at the show. The CP Scoop Bucket features a unique design that allows operators to cut through the ground more efficiently and hold more material for a higher payload. The Bradco Mini-Excavator Buckets provide the reliable, proven performance Bradco attachments have provided on skid steers and tractors for years.

JRB Multi Pick-Up Coupler ISO/416

The Multi Pick-Up Coupler was designed specifically to pick up and work with attachments such as JRB 416, JRB ISO, John Deere 416, John Deere Hi-Viz, Volvo, JCB and other ISO attachments in front end wheel loader applications. The new design provides quick coupling capabilities which allow you to switch attachments in the shortest amount of time while providing maximum safety.

For versatility, the Multi Pick-Up Coupler utilizes a 2-cylinder design that accommodates any number of “quick hitch” style attachments. In a matter of seconds, an operator can switch from a bucket to a boom, forklift, broom or other attachment without leaving the cab or require the assistance of additional personnel. This means more productivity, less downtime and greater job efficiency which translates to improved profitability. The Multi Pick-Up Coupler is designed to maximize load transfer and help maintain machine performance. This lower offset improves performance and results in reduced breakout force. JRB’s coupler incorporates a lock-out feature that prevents the cylinders from retracting without operator intervention.

As with all of our couplers and attachments, JRB provides safety information and training for all operators as well as other work site personnel. Daily inspection before operation is always a safety recommendation.

For additional information, please contact us at 800.428.2538 or multipickup@paladinbrands.com or on the web at www.jrbattachments.com.

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