Corridor Capital Aquires Control Devices

We are pleased to announce that Corridor Capital acquired approximately 2/3 of Control Devices, Inc. and CDEX, Inc. (together under a new entity, Control Devices, LLC, “Control Devices”) as well as 100% of the three industrial properties in which the business operates on Monday, June 11, 2007.
 
Mark Engel began his role as President and Chief Executive Officer of Control Devices on Monday, meeting with the entire staff to debrief them on the transaction and the vision for the future. Mark joins the Control Devices from The Solae Company, a $1 billion division of Dupont. Previously, Mark has served in roles at Newell Rubermaid, SC Johnson and General Mills and holds an M.B.A from The Wharton School of Business, an M.A. in International Studies from The Lauder Institute at the University of Pennsylvania and a B.B.A. from the University of Massachusetts, Amherst.. We are also excited to announce that our new Chief Financial Officer, James Reuter will join the company on June 25th. Jamie joins Control Devices with 11 years of finance, cash management, and cost accounting experience with Proctor & Gamble. He currently manages P&G’s St. Louis manufacturing and distribution facilities. In this last position, Jamie has been responsible for the $500M+ Pringles business unit including pricing, portfolio management, and manufacturing cost management.