Sentinel completes recapitalization of LTI Flexible Products in management buyout


Management Team of Sealing Systems Manufacturer Partners with Sentinel to Drive Growth


NEW YORK, April 14, 2006 - Sentinel Capital Partners, a private equity firm that invests in promising, smaller middle market companies, announced today the recapitalization of LTI FLexible Products, a leading manufacturer and distributor of extruded rubber and plastic sealing systems and components.

Headquartered in Rogers, Minnesota, LTI designs, manufactures, markets, and distributes extruded, die-cut, and molded flexible rubber and plastic components and sealing systems. The business has a history of design and manufacturing innovation related to sealing systems and applications.

"The LTI transaction is an excellent example of our partnering with management in a leading niche manufacturing business," said John McCormack, co-founder and senior partner of Sentinel. "Together with LTI's founders, we plan to continue growing the business and capitalizing on LTI's leadership position."

"With Sentinel, we have an excellent fit for both our business and employees to prosper in the future," said Doug Joseph, CEO of LTI. "We are very well positioned to continue growing our business and to benefit from Sentinel's experience helping companies our size."

"LTI's product development skill, diverse manufacturing capabilites, and stong customer relations position the business very well for growth," said Eric Bommer, a partner at Sentinel. "LTI is known for its premium products, superior technology, and history of innovation, and we look forward to working with this excellent management team to continue developing the business in North America."