The Jordan Company's Resolute Fund Acquires The Techs

New York, NY: January 14, 2004 - The Jordan Company, L.P. ("Jordan") today announced that The Techs Industries, Inc. ("The Techs"), a company formed by Jordan, has completed the acquisition of the assets of The Techs (a Pennsylvania limited partnership) for an undisclosed consideration. The acquisition was funded by equity capital provided by The Resolute Fund, LP, a private equity fund managed by Jordan, and members of The Techs' senior management.

The Techs is the largest independent manufacturer of hot-dipped galvanized flat-rolled steel in North America, producing approximately 1,000,000 tons annually in a wide range of gauges, widths, coating weights and properties tailored to meet their customers' specific needs. The Company sells its products to a variety of industries including HVAC, Commercial Construction, Residential Construction, and Consumer Goods. The Techs had estimated revenues of $393.5 million for the fiscal year ended December 31, 2003.

Jordan expects to work in partnership with The Techs' management team to build the Company both internally and through strategic acquisitions.

The Jordan Company, L.P. is a New York-based investment firm with approximately $2.5 billion of capital under management that has been sponsoring and investing in middle market leveraged buyout transactions for more than 20 years. Jordan currently has a portfolio of investments in over 20 businesses representing more than $4.0 billion in annual revenue.

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