Mergers & Acquisitions

Original Press Release

Ideal-Tridon Acquired the Business and Assets of Fast-Lok from Deco Products

Press release date: Aug 18, 2017

Ideal-Tridon, a leading global designer and manufacturer of specialty clamps and couplings for industrial, heavy duty, plumbing, irrigation, marine and automotive applications, has acquired the business and assets of Fast-Lok from Deco Products.

Founded in 1960, Fast-Lok is a leading manufacturer of preformed and open-ended hose clamps, strapping, and buckles, as well as associated installation tools. Fast-Lok maintains deep and long-standing relationships with customers serving the electrical, municipal, energy and general industrial markets.

"The acquisition of Fast-Lok continues our push into the global preformed clamp, strapping, and band and buckle market which began with our acquisition of StrapbinderĀ® six months ago. The addition of Fast-Lok fills out our product portfolio in this segment and allows us to better serve our global customer base. We are very excited to welcome the Fast-Lok product line into the Ideal-Tridon family," said Mike Reese, President & CEO of Ideal-Tridon.

Acquisition Details - On June 2, 2017, Ideal-Tridon acquired the business and assets of Fast-Lok. IGP and Ideal-Tridon continue to seek add-on acquisitions that can enhance Ideal-Tridon's position as a leading global manufacturer of engineered joint sealing products for mission-critical applications across a wide variety of end markets. To learn more about Ideal-Tridon and Fast-Lok, please call 1-800-251-3220.

Ideal Clamp Products, Inc.

8100 Tridon Drive

Smyrna, TN USA 37167

T: 800.251.3220, 615.459.5800

F: 615.223.1550

www.idealtridon.com

CONTACT:

Madelyn Hughes

mhughes@idealtridon.com

615-355-1126