Behrman Capital’s Selig Sealing Products Acquires Unipac from Illinois Tool Works

NEW YORK, August 5, 2008 — Selig Sealing Products, Inc., a leading manufacturer of closure lining materials, announced today that it has acquired the assets of Unipac, a leading producer of foil and plastic innerseals for packaging applications, from Illinois Tool Works Inc. (NYSE: ITW). Selig Sealing Products is a portfolio company of Behrman Capital, a New York and San Francisco-based private equity firm.

With operations in Canada and the United Kingdom, Unipac provides a broad selection of highly-engineered laminated liners for food, beverage, pharmaceutical, personal care, and other consumer and industrial applications. Unipac’s innerseals provide enhanced product freshness and tamper-evidence to plastic containers. Unipac offers a broad portfolio of proprietary products including Lift ’n’ PeelTM, Aroma PeelTM, TopTabTM , and Safe-GardTM .

“Behrman Capital has proactively focused on the specialty packaging sector for several years, and we are excited about Selig’s acquisition of Unipac, a highly regarded company well known for its product innovation and quality,” said Grant G. Behrman, Managing Partner of Behrman Capital. “Unipac’s operations are highly complementary to those of Selig. Technology has driven substantial developments in this sector, and as consumer product companies look for new, innovative ways to protect the integrity of their products, the combined company will be well positioned for continued growth.”

“Unipac’s product line, including its consumer-friendly Lift ’n’ Peel™ closure liner, will augment Selig’s product and technology offering, resulting in a combined company able to offer customers a broad range of innovative, high quality solutions,” said Steve Cassidy, President and CEO of Selig Sealing Products. “In addition, Unipac’s operations in Canada and the UK will provide truly global manufacturing, enhance our access to distribution channels, and accelerate our growth. We are delighted to welcome the Unipac team to Selig, and look forward to working with them to increase sales of current product offerings and develop new technologies.”

In conjunction with the acquisition, Selig has obtained a $125 million credit facility led by GE Commercial Finance with funds also being provided by Madison Capital Funding LLC and BMO Capital Markets. Robert W. Baird & Co. advised ITW on the divestiture of Unipac. BMO Capital Markets acted as a financial advisor to Selig and Behrman Capital. Goodwin Procter LLP provided legal advice to Selig and Behrman Capital.

About Selig Sealing Products:
Selig Sealing Products, Inc. is a leading manufacturer of tamper-evident cap and closure lining materials. Selig’s mission is to provide its customers with high levels of responsiveness and flexibility in serving and determining their packaging needs at levels unmatched in the industry.

About Behrman Capital:
Based in New York City and San Francisco, Behrman Capital was founded in 1991 by Grant G. and Darryl G. Behrman. The firm invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses. The company’s investments are primarily focused in five industries: specialty manufacturing, outsourcing, defense, health care and information technology. In addition to its investment in Selig Sealing Products, Behrman Capital has two other packaging businesses in its portfolio: Peacock Engineering (acquired in January 2007), a leading provider of outsourced food packaging services to many of the nation’s major consumer products companies; and Pelican Products (acquired in October 2004), a global leader in the design, development and manufacture of unbreakable, watertight protective cases and technically advanced professional flashlights. Behrman Capital currently has a combined capital base in excess of $2.0 billion. For more information, please visit www.behrmancap.com.

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Contact:

For Behrman Capital:
David Lilly / Michael Freitag
Kekst and Company
(212) 521-4800