BGL Magnetizes a Financing Transaction for Magnum Magnetics Corporation

Diversified Industrials Investment Banking Magnum Magnetics 2010

Brown Gibbons Lang & Company (“BGL”) announced today that its client, Magnum Magnetics Corporation (“Magnum”), has closed on a financing transaction with RBS Citizens, N.A. (d/b/a Charter One) and PNC Mezzanine Capital. Vorys, Sater, Seymour and Pease LLP served as legal counsel for Magnum.

Headquartered in Marietta, Ohio, Magnum is a leading U.S. flexible magnet manufacturer for niche applications in the promotional products industry and several other sectors, offering an extensive line of magnetic sheet and strip products and value-added fabrication / processing services. Magnum serves a diversified base of customers and is well-recognized within the industry for its exceptional quality, product and process customization and innovation, best-in-class lead times, and technical service capabilities.

Tom Love, co-founder and CFO of Magnum stated, “We are extremely pleased with the outcome of the transaction. BGL’s solution-oriented approach ensured that our key transaction objectives were met and their leadership ensured a successful closing.” Allen Love, co-founder and CEO of Magnum added, “We are excited about the future of our business. With our motivated management team and new banking relationships, we stand ready to take the business to the next level.”

John Tilson and Joe Boleski led the BGL transaction team.

About RBS Citizens, N.A. (d/b/a Charter One)

Citizens Financial Group, Inc. (“CFG”) is a $148 billion commercial bank holding company. It is headquartered in Providence, Rhode Island and, through its subsidiaries, has more than 1,500 branches, more than 3,500 ATMs, and approximately 22,700 employees. Its two bank subsidiaries are RBS Citizens, N.A. and Citizens Bank of Pennsylvania. They operate a 12-state branch network under the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont, and the Charter One brand in Illinois, Michigan, and Ohio. CFG has non-branch retail and commercial offices in about 40 states. CFG is owned by The Royal Bank of Scotland Group plc (“RBS”).

About PNC Mezzanine Capital

PNC Mezzanine Capital is focused on financing buyouts, recapitalizations, and consolidation strategies for companies in a wide range of industries, including business services, niche manufacturing, and value-added distribution. Since 1989, PNC Mezzanine Capital has been a stable, thoughtful mezzanine partner for sponsor groups, entrepreneurs, and management teams. PNC Mezzanine Capital’s approach has been to underwrite the long-term business strategy of its portfolio companies allowing it to respond constructively to the opportunities and challenges of the changing business environment. As a result, PNC Mezzanine Capital has made 86 investments in 52 companies, in support of 127 transactions. PNC Mezzanine Capital seeks to invest $10 million to $35 million in subordinated debt and equity in companies with strong management teams, proven business models, and stable cash flows with a clear avenue for growth, and can lead transactions of up to $45 million.

About Vorys, Sater, Seymour and Pease LLP

Vorys, Sater, Seymour and Pease LLP has offices in Columbus, Cleveland, Cincinnati, and Akron, Ohio, as well as in Washington, D.C., and Houston. With nearly 375 attorneys, Vorys is one of the largest law firms in the United States and was recently recognized as a Cross Practice Powerhouse in a survey of corporate America and one of the top 25 national firms serving the retail and industrial manufacturing industries. For more information, visit www.vorys.com.

BGL Advises Ashton Potter USA LTD.

Client Description

Based outside of Buffalo, New York, Ashton Potter is a leading high security printer and one of the world’s largest manufacturers of postage stamps. Since 1991, the Company has been a trusted supplier of stamps to the United States Postal Service (“USPS”). The Company also prints stamped envelopes and cards for the USPS as well as tax/revenue stamps for domestic and foreign governments. In addition, Ashton Potter is expanding its business into the large and growing brand protection industry, a market focused on preventing fraud and counterfeiting activities.

BGL Advises Weinberg & Bell Group

Client Description

Founded in 1993 and headquartered in Coconut Creek, Florida, Carl’s Patio is a highly profitable retailer of luxury outdoor furniture and accessories serving affluent consumers throughout the rapidly growing markets of South Florida and Southern California. Operating under the Carl’s Patio brand name in Florida and under the Berk’s of Santa Monica and Saddleback of San Diego brand names in California, the company maintains 15 specialty retail outlets and one professional design showroom. Carl’s Patio offers the industry’s most comprehensive selection of high-end outdoor furniture from leading international vendors such as Woodard/Landgrave, Brown Jordan, Lloyd/Flanders and Pride Family. Over its 15-year history, Carl’s Patio has garnered significant customer loyalty and leading market share by offering the highest quality products with superior customer service and support.

BGL Advises The Weinberg & Bell Group

Client Description:

PRACS Institute, Ltd. is a leading contract research organization providing clinical testing services for the world’s largest pharmaceutical companies.

BGL Advises HFI, Inc.

Client Description:

HFI is a leading Tier II automotive supplier focused on the manufacture and assembly of interior trim components such as seating, headrests, armrests, cushions, center consoles, and door, floor, ceiling and dashboard trim.

BGL Advises The Weinberg & Bell Group

Client Description

Weinberg & Bell is a Cleveland-based buyout group, founded in 2003 by Daniel Bell and Ronald Weinberg, Jr. It is an outgrowth of Weinberg Capital, started by Ronald E. Weinberg, the Chairman of Hawk Corporation, who remains an investor in Weinberg & Bell. WBG is comprised of principals with hands on experience managing and building companies to maximize growth and increase shareholder value. Through its principals, WBG has a long and successful record of acquiring, operating and exiting businesses.

BGL Advises Best Brands Corp.

Client Description

Best Brands, with operations in Eagan, MN, and Dallas, TX, is a leading national manufacturer and distributor of high-quality specialty bakery products to in-store bakeries, retail bakeries, and food service establishments. The company is owned by a consortium of shareholders that includes Value Creation Partners Inc. (which includes management of Best Brands), Brantley Partners, National City Equity Partners, and Prudential Capital Group, which acquired Best Brands in 2000.