SOURCE: RSM EquiCo Capital Markets

June 13, 2007 10:00 ET

RSM EquiCo Capital Markets Leads Negotiations as Dulin Metals Company Is Acquired by Versatile Processing Inc.

CHICAGO, IL--(Marketwire - June 13, 2007) - Versatile Processing Inc., a portfolio company of Dorman Industries, LLC and Merit Capital Partners, has acquired privately held Dulin Metals Company. Transaction terms were not disclosed.

RSM EquiCo Capital Markets initiated the transaction, led the negotiations and acted as exclusive financial advisor to Dulin Metals.

"The acquisition of Dulin is highly synergistic because it increases Versatile's customer base and materials sourcing capabilities, expands its geographic footprint, and provides it with de-tinning capabilities that increases the value of lower grade copper being processed and re-sold as higher grade copper," said Brian Boyle, managing director of RSM EquiCo Capital Markets and head of the firm's Chicago office.

"The acquisition of Dulin Metals Company is the third related transaction that RSM EquiCo Capital Markets has completed with Merit Capital and Dorman Industries to help build their platform company, Versatile Processing," Boyle continued. "The Merit Capital/Dorman Industries relationship is a model for how we like to work collaboratively and build value through hard work and trust."

About RSM EquiCo Capital Markets

RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.

As specialists in facilitating mergers and acquisitions, structuring recapitalizations, providing access to capital markets and offering fairness opinions, RSM EquiCo Capital Markets plays a noteworthy role in the "middle-market" field. These services include facilitating the acquisition of North American companies and raising capital for a wide variety of purposes, ranging from acquisitions and leveraged buyouts to balance sheet restructuring.

RSM EquiCo Capital Markets is licensed by the SEC and all state securities authorities, and is a member of the NASD and SIPC. The firm's international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York and London.

About Dulin Metal Company

Dulin Metal Company was founded in 1978 and provides mill processing, toll management and precious metal representation. Dulin, a major supplier to the top U.S. brass mills and ingot makers, uses a consultative-marketing approach including hedging techniques and secure pricing to its customers. The company has a proprietary, patented de-tinning process that adds value to raw materials and advanced systems, including a completely bar-coded inventory for efficient management of inventory control, shipping and receiving. Brass, steel and copper are the three major metals the company deals with and key markets served include brass strip and roll mills and brass ingot makers. Dulin serves metal stampers, metal distributors, mills and OEMs.

About Versatile Processing Inc.

Versatile Processing Inc. provides salvaged aluminum and copper to domestic and foreign companies for industrial applications. Its services include recycling, material consolidation, decommissioning of transformer components and teardown projects at customer sites. In addition, it provides consulting services in areas such as investment recovery, risk management, retail delivery, bar coding and environmental issues. The company uses advanced automation and specific design layout of equipment to serve utility, wire manufacturing, telecommunications and scrap industries. Dorman Industries, LLC, based in Bloomfield Hills, Mich., is a private equity firm that partners with companies in high-growth or rapidly changing industries. The firm focuses on enhancing value through solid management, operational excellence, efficient capital structure and a sound business model. Merit Capital Partners is based in Chicago, and manages over $1 billion of capital through four institutionally sponsored limited partnerships. The firm invests mezzanine and equity capital in middle-market companies, principally in manufacturing, distribution and services industries.

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