Spinnaker Coating Completes 100% Employee-Owned Transaction

Spinnaker Coating announces the sale of the Company to an Employee Stock Ownership Plan ("ESOP"). Verit Advisors, a Chicago-based investment banking firm, advised Spinnaker Coating on the transaction. Spinnaker Coating is recognized as a leading service provider in the pressure sensitive industry. To achieve that goal, its mission is to create and sustain unparalleled customer service experiences every day. Verit Advisors began working with Spinnaker in June 2011 by analyzing and benchmarking numerous ownership transition alternatives based on the Verit team's extensive experience. Verit leveraged its expertise in ESOP, M&A, and Debt Placement alternatives allowing Spinnaker to secure the