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The Jordan Company's Resolute Fund
Completes First Investment
New York, NY: January 20, 2003 - The Jordan Company, L.P. ("Jordan") announces the acquisition of the Precision
Products Sector of Cookson Group plc ("Precision") by Precision Engineered Products, Inc., a company formed by
Jordan and Precision's senior management group. The acquisition was sponsored by The Jordan Company, L.P.,
which provided the equity capital and arranged the senior debt financing for the transaction. This transaction represents
the first investment for Jordan's Resolute Fund which closed in late 2002 with $1.5 billion in committed capital.
Headquartered in North Attleboro, MA, Precision manufactures and markets electrical contacts and contact assemblies,
precision metal stampings and related products for a diverse group of end-users. Jordan expects to work in partnership
with Precision's management to build the company both internally and through niche acquisitions. For the fiscal
year ending December 31, 2002, the Company generated approximately $100 million in revenue.
Precision continues to be operated by its long-standing management group, led by Fredric Hammerle, President and
CEO. Members of the senior management group are also significant stockholders in the venture.
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.