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For Immediate Release


Adco Is On The Move

December 19, 2011
Albany, Ga. USA

Acquisition of Adco Cleaning Products, LLC

ALBANY, Georgia, December 19, 2011 – Mark Grimaldi, CEO of Equinox Chemicals, continues to build a global portfolio of laundry and dry cleaning chemical companies and strategic ventures with his latest acquisition of Adco Cleaning Products LLC. According to Grimaldi, "This latest acquisition will continue our aggressive strategy to revolutionize and revitalize the laundry, dry cleaning, and cleaning chemical industry" Grimaldi and his Executive Team recognized that the industry was full of opportunities for the strongest technical support and service organization that carried the highest quality products to the customer. To capitalize on these opportunities the team launched a very aggressive global strategy to identify, acquire and/or partner with the very best organizations with the very best products in the industry. "Our focus is building a global company that will bring the very best technical service and highest quality products to our customers. The industry is ready for a change and we are building the organization that will make it happen," Grimaldi explains.

Grimaldi entered the dry cleaning and cleaning chemical industry with the formation of Rynex Technologies for the manufacturing and distribution of biodegradable, earth, and health friendly dry cleaning solvents and related products. In June of this year, Grimaldi entered into a Joint Venture with Christeyns NV, the largest privately held laundry products manufacturer and supplier in Europe. The joint venture combined the power of Christeyns' expertise in developing premium laundry solutions and its large European presence with over 250 field technicians in more than 20 countries. The JV will focus on providing high quality dry cleaning products to the European, Middle East, and South American markets.

Why Adco? Since 1908, Adco has been the leading manufacturer of a comprehensive line of specialty cleaning chemicals and detergents used in dry cleaning, commercial laundry and janitorial and institutional cleaning applications. Currently Adco has over 300 proprietary products that are offered through the Adco & Laidlaw brands. The main product categories include dry cleaning, wet cleaning, laundry, spotting agents, and a maintenance line consisting of solvents, filters and boiler treatments. Adco has also recently developed a specialty line of laundry, janitorial & sanitation products for the hospitality industry.

The acquisition builds on the leadership of a global organization backed by the research and manufacturing powerhouse, Equinox Chemicals. Equinox Chemicals is a specialty chemical manufacturer with specialty research, innovation, product development and commercialization capabilities that reach markets that span the globe. Equinox has provided a wide range of products and technologies for a diverse global customer base, which includes government agencies, pharmaceuticals, food, flavor, fragrance, industrial and institutional cleaning products, alternative dry-cleaning solvent technology, alternative energy, and aerospace technology. Equinox currently has a product portfolio of over 600 products.

As President and CEO of Equinox Chemicals, Grimaldi has built a chemical manufacturing and R&D company that is a leader in the Industry. Equinox Chemicals has recently been honored with such awards as "Manufacturer of the year", "SBA Exporter of the Year" and "Local economic Impact-City of Albany". These awards are a validation of the top team Grimaldi has assembled to lead Equinox Chemicals. The acquisition and consolidation of Adco into the existing Equinox organization will allow for direct integration of new and innovative products to the already existing Adco brands and product lines. The combination of Equinox Chemicals and Adco brings a world-class research and manufacturing team together with the leadership position of Adco in the dry cleaning market to better service products and customers.

You may contact the following for any additional questions:

Yalda Harris
Executive Vice-President, Global Product Management


Scott Burkhardt
Vice-President, National Sales


Dr. Jim Schreiner
Chief Product Technology Officer

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