Scovill Fasteners Appoints New Board Member

  Scovill Fasteners Appoints New Board Member

            James Pinto Joins Scovill Fasteners Board of Directors

Business Wire

CLARKESVILLE, Ga. -- October 14, 2013

James I. Pinto, a Gores Executive, has joined the Board of Scovill Fasteners,
a part of The Gores Group portfolio of companies. Following his announcement
today, Craig Stoudt, Chief Executive Officer of Scovill Fasteners, stated that
“I’m pleased to have someone of Jim’s caliber and experience join our Board,
and am excited for our team’s opportunity to work with him.”

Scovill combines over 200 years of experience and expertise to provide
high-performance closures and fasteners. Scovill serves a wide range of
markets including fashion, infantwear, career apparel, jeanswear, leather
products, sporting goods, military, marine and medical. In addition to
fastener products, Scovill provides attaching equipment and technical support
services.

“Over the last several months, Scovill has made tremendous progress as we have
transitioned our organization forward by focusing internally on operational
improvement and externally on providing the best possible experience for our
customers. Jim’s background in operations and experience with best-in-class
organizations will provide us with valuable insight as we continue our
transformation and growth,” said Stoudt.

“I look forward to partnering with Craig and the Scovill leadership team,”
said Pinto. “The business has made significant progress during the past year,
and I look forward to assisting the team with continued top line growth and
operational improvements.”

Pinto has held various operational and supply chain roles throughout his
career across a variety of aerospace and industrial businesses including
Textron Lycoming, Greenlee Textron and Textron Fluid and Power as well as Tyco
International’s Electrical and Metal Products Business Unit. Pinto earned Six
Sigma Greenbelt and Champion Certifications as well as an APICS certification
in Production and Inventory Management. He has a BS degree in Business
Administration/ Operations Management from Rowan University and a MBA from
Sacred Heart University.

About Scovill Fasteners

Scovill Fasteners develops and manufactures a diverse range of
high-performance fasteners for apparel and industrial partners. With
customer-focused capabilities and global collaboration, Scovill provides the
highest level of service – from fastener design and delivery to application.
Founded in 1802, Scovill products include buttons, zippers, snap fasteners,
grommets and washers as well as attaching machine equipment and technical
service. In addition, Scovill offers custom metal stamping and surface
finishing.

About The Gores Group LLC

The Gores Group LLC is an investment firm focused on acquiring controlling
interests in mature and growing businesses which can benefit from the firm’s
operating experience and flexible capital base. The firm combines the
operational expertise and detailed due diligence capabilities of a strategic
buyer with the seasoned M&A team of a traditional financial buyer. The Gores
Group, LLC, which was founded in 1987 by Alec E. Gores, has become a leading
investor having demonstrated over time a reliable track record of creating
substantial value in its portfolio companies alongside management.
Headquartered in Los Angeles, The Gores Group, LLC maintains offices in
Boulder, CO, and London. For more information, please visit www.gores.com

Contact:

Scovill Fasteners
April Spiegel
(706) 754-0521
or
The Gores Group
Frank Stefanik
(310) 209-3010
 
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