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GRYPHON INVESTORS' KANO LABORATORIES ACQUIRES SUPER LUBE AND SYNCO BRANDS

Super Lube and Synco Operating Assets Expand Kano’s Product Portfolio and
Presence

Kano Laboratories (“Kano”), a leading manufacturer of penetrating oils,
announced that it has acquired the operating assets related to the Super Lube®
and Synco® brands of Synco Chemical Corporation (“Synco” or the “Company”), a
manufacturer of premium synthetic food grade greases and lubricants. Kano, whose
brands include the iconic Kroil® penetrating oil brand, is backed by Gryphon
Heritage Fund, the small cap strategy of middle market private equity firm
Gryphon Investors. Terms of the transaction were not disclosed.

With Synco’s branded Super Lube product portfolio, Kano will now offer a full
suite of premium grease and lubricant solutions addressing the unique challenges
facing its customers. Natalia Diaz will continue to lead Super Lube in her new
role as President reporting to Mark Klein, President of Kano.

“We are pleased to support the Kano management team on this strategic
acquisition, as we continue to build scale and drive growth,” said Craig
Nikrant, Operating Partner on the Gryphon Heritage Fund team. “The Super Lube
and Synco product lines greatly complement Kano’s market-leading Kroil brand,
and the combination allows for a meaningful expansion of Kano’s offerings to
better serve the expanding needs of customers.”

“Super Lube and Synco are proven premium brands with strong customer loyalty
that fit perfectly with Kano’s established Kroil line,” said Mr. Klein. “We are
excited to welcome Natalia and her team, and we expect the addition of these
products to help accelerate growth and better serve our channel partners.”

“I am delighted to be partnering with the Kano and Gryphon teams and eager to
leverage the added commercial resources and channel presence that Kano offers,”
said Ms. Diaz. “Together with Kroil, we can now offer a comprehensive product
portfolio to our customers.”

Kano is actively seeking to partner with additional businesses to further expand
its premium portfolio of brands and products.

Finn Dixon & Herling LLP and Campolo, Middleton & McCormick, LLP served as legal
advisors to Synco, while Kirkland & Ellis LLP provided legal advice to Kano. G2
Capital Advisors served as exclusive financial advisor to Kano.

About Synco
Synco is a 40-year-old family-owned branded manufacturer of synthetic food grade
greases and lubricants, including Super Lube®, a line of premium synthetic
lubricants. Based in Bohemia, NY, Synco specializes in developing innovative
products that meet ever-evolving regulatory requirements for environmental
protection and consumer safety. Visit www.super-lube.com for more information.

About Kano Laboratories
Founded in 1939 and based in Nashville, Tennessee, Kano is a leading producer of
iconic, Kroil®-branded penetrating oils and lubricants for industrial
maintenance, repair, and operations (MRO), and professional specialty trade
markets. Kano has built a passionately loyal customer base around Kroil
products, which are used by professionals and DIYers to loosen rusted, corroded,
and frozen mechanical parts. For more information, visit https://www.kroil.com/.

About Gryphon Investors
Gryphon Investors (www.gryphoninvestors.com) is a leading middle-market private
equity firm focused on profitably-growing and competitively-advantaged companies
in the Business Services, Consumer, Healthcare, Industrial Growth, and Software
sectors. With approximately $9 billion of assets under management, Gryphon
prioritizes investments in which it can form strong partnerships with founders,
owners, and executives to accelerate the building of leading companies and
generate enduring value through its integrated deal and operations business
model. Gryphon’s highly-differentiated model integrates its well-proven
Operations Resources Group, which is led by full-time, Gryphon senior operating
executives with general management, human capital acquisition and development,
treasury, finance, and accounting expertise. Gryphon’s three core investment
strategies include its Flagship, Heritage, and Junior Capital strategies, each
with dedicated funds of capital. The Flagship and Heritage strategies target
equity investments of $50 million to $350 million per portfolio company. The
Junior Capital strategy targets investments in junior securities of credit
facilities, arranged by leading middle-market lenders, in both
Gryphon-controlled companies, as well as in other private equity-backed
companies operating in Gryphon’s targeted investment sectors.


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