Nichols Portland, Inc. Completes Acquisition of Neota Product Solutions LLC

Nichols Portland, Inc. Completes Acquisition of Neota Product Solutions LLC

PORTLAND, ME, June 9, 2023 — Thomas K. Houck, President, and CEO of Nichols Portland Inc. (“Nichols” or
the “Company”) today announced that Nichols has acquired the assets of Neota Product Solutions LLC (“Neota”).
Nichols is a portfolio company of Altus Capital Partners, an investment firm focused on middle market industrial
companies headquartered in the United States. Financial terms of the transaction were not disclosed.

Neota is a comprehensive Metal Injection Molding (MIM) solutions provider of early-stage prototyping through full-scale manufacturing. Neota is experienced in the launch of new products efficiently and effectively. Mr. Houck, stated, “The Neota acquisition is an excellent complement to our existing MIM solutions, and we welcome Jason Osborne, President of Neota, and his team to the Nichols group. Jason’s years of experience in MIM product design for manufacture will help to further accelerate the depth and breadth of our capabilities and service the ever-evolving needs of our customers.”

“The addition of Neota to Nichols portfolio of customer-focused services will further strengthen its manufacturing
capabilities as a comprehensive MIM solutions provider,” said Heidi Goldstein, Partner of Altus Capital Partners. “We are thrilled about the opportunities this partnership will provide.”

About Nichols Portland, Inc.
Headquartered in Portland Maine, Nichols consists of Nichols Portland LLC., Alpha Precision Group and Neota Product Solutions.

Nichols Portland LLC. provides system engineering to its customers and a complete fluid power or fluid transfer
package. Nichols is the world’s first manufacturer of gerotors and gerotor pumps. Nichols has more than 85 years of
continuous experience in the manufacturing, design, application, testing and validation of these products. In addition, we are a leader in compressive custom or off the shelf solutions for powdered metal, billet, or pump designs for fluid transfer devices.

APG is a diversified metal-forming technology company providing conventional powdered metal, high temperature
stainless steel powdered metal, metal injection molding, and additive metal manufacturing (3D metal printing)
components and assemblies as well as high precision valve assemblies to a global customer base. The company
continues to leverage unparalleled technical expertise and innovative technologies to provide custom solutions to

About Altus Capital Partners
Altus Capital Partners is a private equity firm that makes control investments in middle market manufacturing
businesses that employ technology and automation. We believe that our exclusive focus on manufacturing provides
us with a unique understanding of the opportunities and challenges faced by companies in the sector. We utilize a
patient, thoughtful investment approach and partner with the management teams of our operating companies to achieve growth. For more information, please visit

For more information:

Thomas K. Houck
President and CEO
Nichols Portland, Inc.