Gabriel Performance Products

Gabriel Performance Products Map

A specialty chemical company focused on custom chemical manufacturing and unique proprietary produc

ts

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30,150 gallons of reactor capacity

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40 acre manufacturing facility located in Ashtabula, Ohio Expertise in a multitude of chemistries

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Experience in handling hazardous materials

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Bulk logistical capabilities, rail, truck and isotainer

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24/7 production and laboratory staffing

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Non-union work force

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FIFRA registration

History

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1955 – facility built by ADM (commercial fatty acids/esters) 1959 – site closed by ADM 1962 –Diamond Shamrock acquired the facility (new product launch pad) 1986 – Occidental Chemical purchased the site (new product launch pad) 2001 – facility acquired by private investors, forming Gabriel Performance Products 2006 – new management team recruited to provide an exit strategy 2009 – facility sold to Edgewater Capital Partners

Edgewater

 Private equity investment firm focused on the acquisition of lower middle market or micro-market companies  Target $10 million to $75 million  Retains management teams  Specialty chemical focus  Current holdings  Syrgis Performance Products LLC • • Lycus Chemical, benzophenone PChem, corrosion and scale inhibitors, scavengers used in refining industries • Syrgis Performance initiators (NORAC organic peroxides)  Turbonetics, turbochargers used in; automotive, marine, mining and energy production applications

Strategy – Focus on growth in custom manufacturing and complementary proprietary products by acquisition and select internal development

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Business Model

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Custom Manufacturing

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Proprietary Products

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Mercaptans used as Epoxy Resin Hardeners

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Fluorolube Greases & Oils

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Glycerol Formal

Operating Disciplines

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Environmental

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EPA Risk Management Plan

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ISO 14001:2004 Certification

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ChemStewards

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Recognized by SOCMA each year since 2002 for Environmental Programs and Excellence

Awards and Certifications

AWARDS: SOCMA (Society of Chemical Manufacturers & Affiliates)

2009 EHS&S Planning & Operations 2007 and 2008 Resource Management & Waste Minimization 2007 ChemStewards SM Core Principles 2005 and 2006 EHS&S Achievement Award 2005 Excellence Award Superior EHS&S Achievements & Leadership 2002 and 2004 Responsible Care ® Achievement Award

CERTIFICATIONS:

ISO 9001:2008 ISO 14001:2004 Certificate Number 2010/0111 Valid for 3 years until January 11, 2013

Operating Disciplines

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Quality

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ISO 9001:2008

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Safety and Health

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OSHA Process Safety Management

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Programs in process

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ISO 18000

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Tier III, ChemStewards

Personnel Safety

Performance (as of 12-31-09)

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Last Lost Time Accident: 10-27-07 861 days worked without an LTA 331,255 man hours worked safely as of 12/31/09

Safety Performance – How We Measure Up OSHA OIIR (OSHA Injury & Illness Rate) 2004 2005 2006 2007 2008 2009 Aver Manufacturing Chemicals ChemStewards Gabriel Performance 6.6

6.3

6.0

5.6

5.0

N/A 5.9

3.5

3.2

2.9

3.1

2.7

N/A 3.0

1.5

2.6

3.7

3.5

N/A N/A 3.0

0.0

0.0

0.0

4.1

3.9

1.3

1.55

Continuous Improvement

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Lean Manufacturing

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Focus on reduction of operating waste

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Six Sigma

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Black belt certified engineer on staff

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Total Quality Management System

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Incorporates ISO, ChemStewards, Risk Management Planning, and Process Safety Management

Business Focus

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Custom Manufacturing

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Full-scale operations for commercial products, and bridge for scale-up

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Utilize chemical expertise

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Development Laboratory

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Proprietary Products

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Synthetic and Industrial applications

Typical Custom Manufacturing Products

 Personal care surfactant  Surface Treatment Formulations  Acrylate Resins  Lubricant Additives  Additive for Rubber Compounding  Specialty catalysts  Resins for Aerospace Applications  Agricultural Intermediates  Electrochemical Cell Materials

Custom Manufacturing Capabilities

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Equipment - Multi-Purpose 750 - 6,000 gal. vessels, glass lined, nickel, stainless, Hastelloy C-2000, all equipped with columns and condensers Distillation columns; nickel, stainless, and glass lined Filters - pressure/vacuum, Nutsche, plate frame, pressure leaf Centrifuge - Hastelloy C basket-type, 3.3 ft 3 Dryer - vacuum, agitated, jacketed 316 stainless rotary Distillation column – Alloy 2205, 25 fixed valve trays, 30 in diameter, 37 ft tall Bulk Storage, 20 tanks of various sizes, 304/316 SS and glass, 250,000 plus gallons Logistics, Inbound and outbound bulk capabilities, rail, truck, isotainer

Custom Manufacturing Capabilities

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Core Strengths include safe handling of…

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Epichlorohydrin (bulk)

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Formaldehyde (bulk) Hydrogen Sulfide (bulk) Cyanide, Isocyanates Flammable Solvents

Custom Manufacturing Capabilities

 Processing Technology

Acyl Chlorination Alkylation Acylation Chlorination Condensation Amination Glycines Cyanation Diels-Alder Epoxidation Etherification Esterification Mannich Urethanes Formylation Friedel-Crafts Polymerization Sulfonation Transesterification Mercaptans

Strengths

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Equipment capabilities and adaptability Hazardous raw material capabilities Transportation cabilities (bulk) Chemical reactions expertise Safety and environmental record Community standing Responsiveness and Flexibility

Analytical Capabilities

 Gas Chromotography  HPLC  FTIR  Autotitrators  Automated Flash Point  Colorimeter  Viscometers (Brookfield, kinematic, Gardner)  Karl Fisher moisture analysis  Various physical testing  Responsive to customer test requests

Proprietary Products

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Primary Markets

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Adhesives

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Sealants

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Coatings

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Lubricants

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Excipients, veterinary injectables and pastes

Sulfur Chemistry Expertise

R [O(C 3 H 6 O) n CH 2 CHCH 2 SH] 3 OH

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GPM-800

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Mercaptan-terminated Polymer

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Used as an epoxy curing agent

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Used in thin-film cures

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Rapid-cure characteristics

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Can be used in lower temperature applications

GPM Product Line

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GPM-800

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Base Mercaptan Product

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GPM-888

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Pre-catalyzed Product

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GPM-845 MT

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Moisture Tolerant Product

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GPM-895 FC

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Fast Cure Product

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GPM-891

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Non-Yellowing Product

HO

Product Lines

HOH 2 C O O O O

(60%)

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Glycerol Formal

(40%)

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Excipient used in the AgVet industry

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Solvent used in water-based ink formulations

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Solvent for binder to produce foundry core

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Good miscibility with water

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Coalescence improver for water dispersion of acrylic and PVA paints containing a frost resistance agent

Product Lines

F F C C F Cl n 

Fluorolube® Oils and Greases

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Lubricants for highly oxidative/acidic environments

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Available in a range of viscosities to meet the needs for a variety of applications

The Future for Gabriel Performance Products

 Expanded manufacturing capabilities  New site  Unique proprietary products  Business Systems, new ERP software -Improved efficiency -Eliminate potential errors -Improved analytical capabilities

Gabriel Performance Products Conclusions

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Business Model – Custom Manufacturing, Proprietary Products

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Diversified chemistry/technical expertise

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Willingness to expand Technical Capabilities

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Commitment to rapid market penetration

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Partnership Focus