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April 5, 2006

Brown Gibbons Lang & Company Closes Another Cross-Border Transaction

Brown Gibbons Lang & Company, in conjunction with its Global M&A partner Cross Border, announced today that Tecnocap, Srl, of Cava dei Tirreni, Italy, has acquired U.S.-based Penn-Wheeling Closure, prevailing in a highly competitive auction process. BGL and its Global M&A partner Cross Border acted as exclusive financial advisors to Tecnocap.

Tecnocap is a supplier of plastic protective closures, fittings and fasteners for all applications. Penn-Wheeling Closure is a niche manufacturer of metal caps and closures for a wide variety of end markets including cosmetics, pharmaceuticals, candles and specialty foods.

“Penn-Wheeling should generate substantial synergies for us, giving us access to a complementary product line and providing a foothold in the U.S. market,” said Michelangelo Morlicchio, managing director at Tecnocap. “We couldn’t be more pleased with the results or with the way the project was handled by BGL and Cross Border, who functioned as a unified team throughout the transaction.”

BGL and Cross Border are the U.S. and Italian partners, respectively, in Global M&A, the world’s leading partnership of middle market investment banking boutiques.

“This transaction is yet another illustration of Global M&A’s ability to work seamlessly across borders and time zones to get deals done,” said Scott Hasley, director at BGL. “The partnership combines local market knowledge with international expertise to obtain optimal results for clients in both buy-side and the sell-side transactions.”

This transaction is BGL’s eighth cross-border transaction since 2005.

About Cross Border

Founded in 1990, Cross Border is among the most important independent advisors dedicated to mergers and acquisitions in Italy. Cross Border provides complete and tailor-made assistance to each of its clients. It organizes carefully coordinated transaction management integrating financial, industrial, strategic and legal expertise under its process supervision.

About Global M&A

Global M&A is the world’s leading partnership of top-tier independent financial advisory firms focusing on mid-market cross-border transactions with values between $25 and $500 million. The Global M&A partnership consists of 28 members in financial centers spanning the globe. Members have completed more than 700 transactions with an aggregate deal value exceeding $18 billion since 2000. Global M&A was named 2005 Investment Bank of the Year by The M&A Advisor, a leading publication dedicated to middle market merger and acquisition activity. For more information, please visit