OHIO TRANSMISSION CORPORATION ACQUIRES LOUISVILLE, KY., COMPANY

COLUMBUS, Ohio — Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, announces the acquisition of Tape Industrial Sales, Inc. The Louisville, Ky.- based company specializes in industrial finishing and sealant/adhesive applications.

Founded in 1975, Tape Industrial Sales, Inc., represents leading product lines in the fluid management industry. One of only three Graco-certified sealant and adhesive division technology centers, the company specializes in supplying the industry with paint, powder and sealant and adhesive application; and fluid management equipment, including fluid pumping, transferring, dispensing, metering and spraying equipment for paints, resins, adhesives, sealants, solvents, lubricants, inks, chemicals, foods and sanitary products. Tape Industrial Sales, Inc.’s corporate offices include a sealant/adhesive demonstration lab, warehouse parts department and complete repair service facility. The company serves customers in Michigan, Ohio, Indiana, Kentucky and Tennessee.

“I’ve known of Tape Industrial Sales, Inc., for more than 30 years,” said Philip Derrow, president and CEO of Ohio Transmission Corporation. “Tape has continued to be a strong competitor through the years with their exceptional service to customers. The addition of this strong team to the OTC family will provide even greater capabilities for all of our customers.”

The company will become a division of OTP Industrial Solutions, which provides technical sales and service for industrial automation, motion control, fluid power, pumps, spray finishing, sealant and adhesive application and power transmission systems and products. Tape Industrial Sales, Inc., will continue to operate under the same name and with current local management, including Ryan Tape, CEO, who will remain in a consulting role, and Ralph Ciolek, president, who will lead the team.

“Tape will become an important part of our rapidly growing finishing and dispense business,” said Rob Webb, president of OTP Industrial Solutions. “I know that our shared commitment to providing our customers with exceptional customer service, innovative solutions, products and service will make for a successful partnership.”

Becoming part of OTP Industrial Solutions will provide continued stability for Tape Industrial Sales employees, customers and suppliers, according to Ciolek.

“Tape has always been a value-added distributor, and we pride ourselves on service, support and training,” Ciolek said. “We also know these are similar core values to OTP, which made this a good match. Being part of OTP will also provide Tape with additional resources that will allow our sales force to offer a complete package to our customers.”

With this acquisition, Ohio Transmission Corporation now has 34 locations throughout the South, Southeast, Midwest and Northeast regions, along with 16 service shops. The addition of Tape Industrial Sales, Inc.’s associates, including a team of sales engineers, expands Ohio Transmission Corporation’s existing workforce of more than 900 employees.

“With this acquisition, Tape Industrial Sales, Inc., gains the strength of an industry leader like OTP, and our leadership team and employees will remain and keep their responsibilities,” said Ryan Tape. “The fit between OTP and TIS could not have been a better one, and I am excited and look forward to watching TIS continue to grow and succeed with the new opportunities this relationship will bring.”

To learn more about Tape Industrial Solutions, visit the company website: http://tapeindustrial.com.