MANAGEMENT CAPITAL COMPLETES DIVESTITURE OF TABLET COMPRESSION PRODUCT LINE 
 

PROVIDENCE, R.I. (December 15, 2005): Management Capital, LLC announced the divestiture of the Stokes tablet compression machinery product line and inventory from Sencorp, Inc. of Hyannis, MA to Compression Components & Services, LLC of Southampton, PA. The announcement was made recently by Robert D. Manchester, a principal of Management Capital LLC.

Sencorp, Inc. is a manufacturer of thermoforming machines, packaging systems, lab sealers, and builder of large-scale complex contract machines made to customer specification. The company employs 105 people at its plant in Hyannis, MA.

Stokes, which was originally established in Pennsylvania, was acquired by Sencorp/DT Industries in the 1990s. The manufacturing facility and sales office were closed in 2002 and the product line moved to Hyannis as part of an ongoing planned consolidation. The product line features rotary compacting presses used to bind any powdered material into tablets. The machinery is widely used in the nutraceutical industry as well as in certain industrial and automotive applications. For many years, Compression Components & Services has served as the exclusive worldwide representative of Stokes branded products, and will now manufacture all new Stokes equipment and continue to service existing machinery.

“This divestiture will enable Sencorp to free its manufacturing space, financial and sales resources to focus on the expansion of its core packaging business,” states Mr. Manchester. “The Stokes line of equipment serves a very different market than Sencorp's. The sale strategically puts the Stokes product line into the hands of one entity which will help to avoid confusion in the marketplace.”

Management Capital advised Sencorp, negotiated the terms, and assisted with closing the transaction. Terms of the deal were not disclosed.

# # #

Established in 2003, Management Capital LLC is a private equity firm providing leadership and capital to companies with revenues of $10 to $100 million. The firm provides subordinated debt and equity capital to be used for expansion, recapitalizations or buyouts. The firm's principals work with company management to identify and execute profit improvement and growth strategies. The company is located at 10 Dorrance Street, Suite 500, Providence, RI 02903; phone: (401) 621-8200; fax: (401) 621-8202; Web: www.mgtcapital.com