News

FOR IMMEDIATE RELEASE

U.S. CONGRESSMAN HANSEN CLARKE VISITS ATTICA HYDRAULIC EXCHANGE

September 21, 2011

Chesterfield, MI - United States Congressman Hansen Clarke visited hydraulics repair and remanufacturer Attica Hydraulic Exchange, Inc. on September 19 to get a first-hand look at how this Michigan businesses is adding high-paying jobs in the advanced manufacturing sector. In the past 12 months, Attica has added more than 25 new jobs at its Chesterfield location, including sales and marketing, financial functions, engineering and specialized manufacturing positions.

Attica Hydraulic Exchange provides state of the art components, parts, repairs and remanufactured units for all major fluid power manufacturers’ product lines, serving the needs of industrial distribution houses, hydraulic dealers and customers in construction and mining. The company has operated in the Detroit area for 35 years, but its growth has accelerated in the past year. Attica CEO, Shirish Pareek, says he called Congressman Clarke several weeks ago and invited him to visit the location where Attica is employing sustainable manufacturing principles to create jobs.

“Our primary business is in remanufacturing hydraulic equipment, which keeps jobs in our own country and keeps parts out of landfills,” Pareek says. “It’s a very green manufacturing environment, because for every piece of equipment that is remanufactured, we are reducing energy consumption, reducing carbon emission and saving natural resources such as metals found in these components.”

Once Attica remanufactures hydraulic equipment, it offers the same warranty and guarantees the same or superior performance as new equipment, at half the cost and with substantial environmental advantages. “For a government that is committed to creating jobs and expanding infrastructure, Attica Hydraulic Exchange is a perfect partner. Governments at the state and local levels, as well as through the military, buy millions and millions of dollars worth of hydraulic equipment every year,” he says.

In addition to job growth in the past year, Pareek says Attica is actively looking to hire additional personnel and will continue to make significant capital investments in the business. “With our expanding workforce and capacity, Attica is in a position to help the state level and U.S. government use remanufactured hydraulic units v/s replace with new. This will keep government costs down, help create advanced manufacturing jobs and will be good for environment.”

This month, Congressman Clarke will introduce legislation to create the Detroit Jobs Trust Fund that would collect all federal taxes paid by Detroit residents and businesses over a 5-year period, and invest those dollars back into the city to create jobs, fund education, expand public safety and build infrastructure. “Metro Detroit has the potential to re-emerge as an engine of national economic growth,” Clarke says. “When companies invest in Detroit, they not only put Detroiters back to work, but because of our advanced manufacturing expertise, they’ll likely create jobs for a lot of other Americans too. For every job that Attica Hydraulic Exchange creates, we strengthen the Michigan economy, and expand workforce opportunities for the whole nation.”

About Attica Hydraulic Exchange

Attica Hydraulic Exchange is a leading worldwide remanufacturer and distributor of all major makes and brands of quality hydraulic pumps, motors, valves/servo and cylinders for a vast variety of industrial, mobile, mining and oil-field applications. It has been majority owned by Stonebridge Partners, a private equity firm based in White Plains, New York, since July of 2011. It is a subsidiary of Hydraulex Global.

FOR IMMEDIATE RELEASE

HYDRAULEX GLOBAL NAMES KEN BEST, VICE PRESIDENT SALES AND MARKETING

September 19, 2011

After a year of ownership by Stonebridge Partners, Hydraulex Global will add Ken Best to its senior leadership team to enhance its ability to serve the hydraulics remanufacturing, repair and distribution markets. CEO, Shirish Pareek, commented "Ken is a key addition to our senior leadership team and adds valuable customer focus to the company. He is a high integrity and thoughtful sales leader who will help us build a best in class sales and marketing organization to support all Hydraulex Global customers including those of Attica and HRD as well as future acquisitions.”

Mr. Best, former Vice President of Sales and Marketing for Festo Corporation, a global leader in manufacturing of pneumatics systems and equipment, managed a 200 person Sales and Marketing team with annual revenues in excess of $100 million dollars. “We are especially excited about Ken’s strategic thinking, channel knowledge and “customer first” philosophy” Mr. Pareek said. “Ken will work to expand the products, services and customer base of the company and ensure we gain the desired synergies among the various Hydraulex Global companies.”

“This is a very exciting time for Hydraulex Global,” said Mr. Best. “The company is positioned to offer uncommon value to the Industrial, Mining, and Construction industry. The quality and breadth of products offered by Attica and HRD are unique in the market and aligned well with the needs of industrial distribution houses, hydraulic repair companies, hydraulic dealers and customers in the construction and mining industries”.

Hydraulex Global (www.hydraulex.com) was formed through the acquisition of Attica Hydraulic Exchange and Hydraulic Repair and Design and is headed by Shirish Pareek, a seasoned industry executive. The company is a leading worldwide remanufacturer and distributor of all major makes and brands of quality hydraulic pumps, motors, valves/servo and cylinders for a vast variety of industrial, mobile, mining and oil-field applications. It currently employs over 200 people in corporate, engineering, and manufacturing.

Hydraulex Global has been majority owned by Stonebridge Partners, a private equity firm based in White Plains, New York, since July of 2011. Stonebridge, along with an affiliate of John Hancock Life Insurance Co., NXT Capital and Hydraulex management partnered to provide equity funding for the transaction continuing a strong relationship the institutional firms have built by investing together over many years. Combined, Stonebridge, John Hancock and NXT have more than $2 billion of committed capital available for their investing activities. Senior financing was also provided by NXT Capital.

Michael Bruno, Managing Partner of Stonebridge, says that his firm was initially attracted to Hydraulics because of its impressive track record of quality and delivery. “We have gained a tremendous amount of respect for Shirish and his knowledge of the industry,” Bruno says, “and Stonebridge is thrilled to continue to build a strong management team with the addition of Ken Best.” Bruno noted that Stonebridge Partners is one of the oldest investment firms focused on middle-market manufacturing companies, and its philosophy is to find and support companies with outstanding leadership and inherent growth potential. More information on Stonebridge Partners can be found at www.stonebridgepartners.com.

FOR IMMEDIATE RELEASE

HYDRAULEX GLOBAL ACQUIRES HYDRAULIC REPAIR AND DESIGN (HRD)

March 21, 2011

HYDRAULEX GLOBAL ACQUIRES HYDRAULIC REPAIR AND DESIGN (HRD), A WORLD LEADER IN THE REPAIR, REMANUFACTURE AND DISTRIBUTION HYDRAULIC PUMPS, MOTORS, VALVES AND CYLINDERS FOR MOBILE MINING AND CONSTRUCTION EQUIPMENT

Chesterfield, MI - Monday, March 21, 2011 – Hydraulex Global, announced that it has successfully completed the acquisition of Hydraulic Repair and Design (“HRD”), located in Puyallup, WA. The acquisition of HRD further enhances Hydraulex Global’s position as a world leader in the repair, remanufacture and distribution of hydraulic components. The terms of the transaction were not disclosed.

Hydraulex Global is headed by Shirish Pareek, a seasoned industry executive, and is funded by Stonebridge Partners (www.stonebridgepartners.com), a White Plains, NY-based private equity firm. Shirish Pareek said, "Hydraulex Global has been formed with the objective of becoming the premier worldwide remanufacturer and distributor of all major makes and brands of quality hydraulic pumps, motors, valves/servo and cylinders for a vast variety of industrial, mobile, mining and oil-field applications. Our acquisition of Attica Hydraulic Exchange in August 2010 and the recent acquisition of Hydraulic Repair and Design are major steps towards achieving our goal.”

Nick Nesland, Sr. and the entire management team of HRD will remain in place. Hydraulex Global recognizes the importance of continuing with the individual organizations and cultures of HRD and Attica Hydraulic Exchange. Commenting about the acquisition, Nick Nesland, Sr. said, "This is going to be a win-win situation for the customers and suppliers of both HRD and Attica. The two companies will support each other to significantly increase their product and brand offerings of hydraulic products, especially in the industrial and mobile markets. Our customers will benefit from the broad geographic locations, favorably located in the Pacific Northwest and Mid-west U.S., and a much wider breath of hydraulic products and services.”

Hydraulex Global continues to evaluate acquisition candidates and other potential strategic opportunities in the hydraulics remanufacturing, repair and distribution markets. Please contact Shirish Pareek or visit the web site of Hydraulex Global (www.hydraulex.com) for further information.

FOR IMMEDIATE RELEASE

STONEBRIDGE PARTNERS ACQUIRES ATTICA HYDRAULIC EXCHANGE

August 2, 2010

Stonebridge Partners (“Stonebridge”) is pleased to announce that it has completed the acquisition of Attica Hydraulic Exchange (“Attica” or the “Company”) on August 2, 2010. Attica is the third equity investment made by Stonebridge Partners Equity Fund IV, L.P.

Attica is a leader in rebuilding and repairing hydraulic components including pumps, motors, valves and electronic fluid controls, which are used for the maintenance and repair of in-plant and mobile machinery and equipment. The Company also provides value-added distribution of aftermarket hydraulic components.

Stonebridge is partnering with a seasoned industry executive, Shirish Pareek, who will be the CEO of a new holding company called Hydraulex International, which intends to acquire complementary hydraulics companies to augment the Attica platform company. Mr. Pareek said, "We have formed Hydraulex International with the objective of becoming the premier worldwide remanufacturer and distributor of all major makes and brands of quality Hydraulics Pumps, Motors, Valves/Servo and Cylinders for a vast variety of Industrial, Mobile, Mining and Oil-field applications. We plan to provide the broadest offering of quality hydraulic products and fastest delivery times to our customers. And, we will do this by significantly expanding Attica’s offering as well acquiring well-positioned, quality hydraulics remanufacturing and distribution businesses in various parts of North America and overseas.”

As part of this transaction Attica’s top management team will stay in place. William Wildner, Jr. will remain as Attica’s President. PK Guha will oversee all Sales and Marketing activities of Attica. Cathy Ayers will continue to be the Vice President of Operations and Sam Caruso has been promoted to Vice President of Materials Management.

Stonebridge’s Managing Partner, Michael S. Bruno, Jr., commented: “We are very pleased to have the opportunity to invest in Attica Hydraulic Exchange and to partner with its high quality management team. Stonebridge will be a resource for helping the Company achieve its long term goals and objectives, as well as providing operational advice and additional capital for its intended expansion.”

Stonebridge Partners has over 24 years of experience recapitalizing and supporting the growth objectives of middle market manufacturing companies. Stonebridge has invested over $820 million of equity in approximately 51 acquisitions and is currently investing through Stonebridge Partners Equity Fund IV, L.P. which closed in July 2008. Stonebridge primarily focuses on value-added manufacturing companies, specifically in the packaging, infrastructure, building products, and specialty manufacturing industries. Please visit www.StonebridgePartners.com for more information.

FOR IMMEDIATE RELEASE

PRODUCT PROFILE: BENCHMARK BM15 SERIES SERVO VALVE

January 6, 2010

The Benchmark BM15 series servo valve is a high performance, two stage valve utilizing a nozzle flapper pilot and a force-feedback design control. The BM15 has been extensively tested to assure that it is 100% compatible with MTS, Moog models 760, D761, A076; Atchley 215 and 218; Vickers models SM415 and SM420; Schenck Pegasus models 132, 142, and 162. Mating electrical connector is a MS3106F-14S-2S and mounting manifold conforms to ISO 1032-04-04-0-92.

Benchmark Products are direct equivalents to many currently available hydraulic products in the market today. Due to a in-depth reverse engineering process, Benchmark products are, in many instances, better than the original, decades old designs. The BM15 servo valve is thoroughly tested to guarantee performance levels that meet or exceed original manufacturers’ specifications. For more information about any of our products and services please contact our sales department at 1-800-422-4279.

DESCRIPTION	DATA	ELECTRICAL DATA
Rated Flow GPM @ 1000 PSID	15 +/- 5%		CURRENT (mA/ohms)
Operating Pressure (PSI)	500 to 3000	COILS (ohms)	SINGLE	PARALLEL	SERIES
Recommended Temperature	110-120 oF	200	15/200	15/100	7.5/400
Symmetry	< 10%	80	40/80	40/40	20/160
Linearity	< 5%	22	200/22	200/11	100/44
Hysteresis	< 2.5%
Null Shift	< 2%	FLUID
Null Leakage	< .15 GPM	Petroleum based fluids with a viscosity range of 60-450 SUS
Null Bias	+/- 2.5%	@ 100 oF
Threshold	< 1%
Frequency Response	80 Hz.	FILTRATION
Step Response	0-100% 12.5 MS	ISO DIS 4406 code 16/13 max
Coil Tolerance	+/- 10%	Recommend 14/11

WIRING OPTIONS

MODEL CODE OPTIONS

DOWNLOAD THE COMPLETE BM15 BROCHURE

FOR IMMEDIATE RELEASE

ATTICA HYDRAULIC EXCHANGE UNVEILS NEW WEBSITE

December 8, 2009

CHESTERFIELD, MI. — Today, Attica Hydraulic Exchange Corp. has unveiled its brand new, redesigned website, www.ahx1.com. The new website will offer customers more up to date and useful information about Attica and its products and services.

Phase One of the re-launch included completely revamping the look and the feel of the website as well as its functionality. “Our old site was dated and not very user friendly. The Internet is constantly evolving and we must keep up with that evolution,” states P.K. Guha, Executive Vice President.

Phase Two, beginning in 2010, will include even more features available for Attica’s visitors such as detailed product offerings, order tracking, and account management for premier customers.

Since 1976, Attica Hydraulic Exchange has provided solutions at the best value to meet your hydraulic needs. Products include new, direct equivalent new (Benchmark), remanufactured, repair, and rebuilt units and components.

For more information about any of our products and services please contact our sales department at 1-800-422-4279.

FOR IMMEDIATE RELEASE

NEW LINE OF BENCHMARK HYDRAULIC VALVES INTRODUCED

September 21, 2009

CHESTERFIELD, MI. — Attica Hydraulic Exchange Corp. has introduced a new lineup of Benchmark Hydraulic Valves today. These new directional, flow control, check, relief, and stack valves are direct replacements for many major manufacturers’ hydraulic valves.

This new line of valves include DG4S4 and DG4V3 directional valves, FCG and FN flow control valves, C2 and DT check valves, C175, CG and CT relief valves, and URG unloading valves. Also new to the market are DGMC, DGMF, and DGMPC stack relief, flow control, and check valves.

Benchmark Products are direct equivalents to many currently available hydraulic products in the market today. Due to a in-depth reverse engineering process, Benchmark products are, in many instances, better than the original, decades old designs. These new valves are thoroughly tested to guarantee performance levels that meet or exceed original manufacturers’ specifications.

"The Benchmark brand can be compared to generic medications," states P.K. Guha, Executive Vice President of Sales, Marketing, and Quality Control. "They are of the same or better quality as the original and are more readily available at a lower price"

For over a decade, the Benchmark product line has offered customers direct replacement products to meet their hydraulics needs. Benchmark gives the consumer the chance to purchase superior products, of the highest quality, at a price and delivery time that guarantee the best value possible. Other Benchmark products include pumps, motors, servos, and hundreds of parts and components.

Since 1976, Attica Hydraulic Exchange has provided solutions at the best value to meet your hydraulic needs. Products include new, direct equivalent new (Benchmark), remanufactured, repair, and rebuilt units and components.

For more information about these Benchmark valves or any of our other products please contact our sales department at 1-800-422-4279.

FOR IMMEDIATE RELEASE

"ATTICA INSIDER" EMAIL CAMPAIGN STARTED

September 1, 2009

CHESTERFIELD, MI. — Today, Attica Hydraulic Exchange Corp. has started its new "Attica Insider" email campaign. Anyone can sign-up today to receive periodic emails and special offers directly from AHX.

Attica has partnered with iContact to keep you up to date with what is going on with our company. Every email you receive will include a link to manage emails, or to remove your name from our list. The subscription process is automated and all personal information is strictly confidential.

Become an "Attica Insider" and sign-up today!

Since 1976, Attica Hydraulic Exchange has provided solutions at the best value to meet your hydraulic needs. Products include new, direct equivalent new (Benchmark), remanufactured, repair, and rebuilt units and components.

For more information about any of our products and services please contact our sales department at 1-800-422-4279.