Odyssey Investment Partners Completes $1.2 billion Sale of Norcross to Honeywell

NEW YORK, May 15, 2008 - Odyssey Investment Partners, LLC ("Odyssey") today announced that it has completed the previously announced sale of its portfolio company Norcross Safety Products L.L.C. ("Norcross") to Honeywell International Inc. in a transaction valued at approximately $1.2 billion.

Brian Kwait, a Managing Principal of Odyssey, said, "We are pleased to have completed this transaction in a timely manner, which will enable Norcross to move forward with what we expect will be a smooth transition to Honeywell's ownership. We thank Bob Peterson, David Myers, their management team and all of Norcross's employees for their great efforts over the past several years and wish them every success in the future."

Credit Suisse served as the exclusive financial advisor to Norcross in connection with this transaction. Kirkland & Ellis LLP served as legal counsel to Odyssey and Norcross.

About Odyssey Investment Partners, LLC
Odyssey Investment Partners, LLC, based in New York, is a leading middle-market private equity firm with more than $1.2 billion under management. Odyssey makes majority, control investments primarily in established middle-market companies in a variety of industries, including industrial manufacturing, business, financial and healthcare services, aerospace products, and localized and route-based service businesses. For further information about Odyssey, please visit www.odysseyinvestment.com.

About Norcross Safety Products L.L.C.
Norcross is a leading designer, manufacturer and marketer of branded products in the fragmented personal protection equipment industry. The Company manufactures and markets a full line of personal protection equipment for workers in the general safety and preparedness, fire service and electrical safety industries. The Company sells products under trusted, long-standing and well-recognized brand names, including North, Morning Pride, Ranger, Servus, Pro-Warrington and Salisbury. The Company's broad product offering includes, among other things, respiratory protection, protective footwear, hand protection, eye, head and face protection, turnout gear for firefighters and linemen equipment for utility workers.

Contact:

Mark Semer
Kekst and Company
(212) 521-4802