Spell Capital acquires Norshield

Norshield Security Products is the industry leader in attack protection systems providing the most comprehensive security product offering in the industry. Norshield products include steel and aluminum blastresistant, bullet-resistant, and attack-resistant doors, windows, and guard enclosures. Additionally, Norshield offers perimeter security systems including fencing and vehicle barrier systems to protect against vehicle
intrusion at secure facilities.

Providing detailed specifications and engineering drawings, Norshield is the source for architects and contractors for securing ingress, egress, and safe zones. Norshield has successfully integrated ballistic, attack, and blast mitigation technologies into historic structures,
existing buildings, and new construction without sacrificing architectural aesthetics.

Spell Capital Partners, LLC is a private equity buyout firm located in Minneapolis, Minnesota. We make $3 million-$20 million equity investments in well-managed, historically profitable manufacturing businesses. The firm has special expertise in plastics and metal
fabrication industries. Strategic add-on investments for our existing portfolio companies can be smaller. Spell is fully invested in its third fund and will be going to market with Spell Capital Partners Fund IV, LP in January 2010.

For more information about this transaction, please contact Andrea Nelson, Managing Director, at andrea@spellcapital.com.
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