Odyssey Investment Partners Acquires Fischbein

NEW YORK, May 13, 2013 - Odyssey Investment Partners, LLC announced today that it has acquired Fischbein LLC, a leading supplier of packaging machinery and material handling equipment, from a group of investors led by MSouth Equity Partners, LLC. Financial terms of the transaction were not disclosed.

Headquartered in Suwanee, Georgia, Fischbein is one of the foremost manufacturers of highly engineered components and systems for packaging and material handling applications. Fischbein's Packaging Machinery segment is a leading global producer of open mouth bag closing equipment serving companies in the agriculture, food, pet food, minerals and chemicals end markets. Its Material Handling segment is a top producer of flexible and rigid conveyors serving the retail, distribution center, parcel/post and e-commerce sectors. Fischbein's vast array of product offerings, engineering excellence and extensive manufacturing capabilities has enabled it to grow into a leader in its niche markets. With a history of over 100-years, Fischbein has established unparalleled scale with an international footprint of 11 manufacturing and sales/distribution facilities throughout the U.S., Europe and Singapore, providing products to customers in over 150 countries.

Dennis Moore, Principal of Odyssey, said, "Fischbein is a market leader within each of its niche product applications and serves a variety of attractive end markets. We believe Fischbein is an excellent platform for expansion through organic growth and strategic add-on acquisitions, and we are excited to partner with Fischbein's outstanding management team to continue Fischbein's strong track record of growth."

The Fischbein senior management team has invested in the transaction alongside Odyssey and will continue to lead the company.

Jeff Reed, CEO of Fischbein, said, "The Odyssey team's deep understanding of our industry and end markets will be a valuable resource as we build on our considerable experience in the packaging and material handling equipment sectors. Together with our new strategic partner, we plan to expand our capabilities to better serve existing and future customers, and to strategically enhance our growth prospects in North America and around the world."

The investment in Fischbein marks Odyssey's 10th portfolio investment in Odyssey Investment Partners Fund IV.

Fischbein was represented by Sagent Advisors on the transaction.

About Fischbein

Fischbein supplies packaging equipment and material handling solutions to a vast array of customers across multiple end markets. The Packaging Equipment division provides components, systems and aftermarket replacement parts that fill, close, weigh and handle open mouth bags. The Material Handling Group, comprised of a number of leading brands, is one of North America's leading manufacturers of flexible and rigid conveyors used primarily to load and unload non-palletized items on and off trucks in retail stores and distribution centers.

About Odyssey Investment Partners

Odyssey Investment Partners, LLC, with offices in New York and Los Angeles, is a leading middle-market private equity firm with approximately $3.0 billion under management. Odyssey Investment Partners primarily makes control investments typically in established middle-market companies in a variety of industries. For further information about Odyssey Investment Partners, please visit www.odysseyinvestment.com. The firm can be reached in New York at 280 Park Avenue, New York, NY 10017 or (212) 351-7900; and in California at 21650 Oxnard Street, Woodland Hills, CA 91367 or (818) 737-1111.