NWP Acquisition Group LLC, a Company organized by Veber Partners, has Acquired NW Polymers, Inc.

Portland, Oregon – winter 2009 – NWP Acquisition Group, LLC, a company organized by Veber Partners has completed the acquisition of NW Polymers, LLC ., a leading manufacturer of custom molded and proprietary thermo-set polyurethane products.  The new company will do business as NW Polymers.

The investment group (the “New Shareholders”), consisting of Gayle Veber, Rodger Adams, and Nick Stanley of Veber Partners, along with new third party accredited investors, purchased a majority of the stock of the company for cash.  In addition to equity from and raised by Veber Partners, the acquisition was financed with a bank credit facility from Commerce Bank.  Glenn Severson, the founder, President and majority owner along with Ron McGauvran retained substantial ownership of the company and continue to work in conjunction with Jim Tuttle, a newly recruited senior management team member, to aggressively grow the business.

Glenn Severson commented: “We are pleased to complete this transaction and are very excited about working with Veber Partners, Jim Tuttle, and our other new investors to expand our business into other regions and markets, and to continue to provide our customers with superior products and service.”

About NW Polymers

NW Polymers, based in Hillsboro, Oregon is a leading molder of custom and proprietary thermo-set polyurethane products.  Since 2000, NW Polymers had provided products for three primary applications: 

Heavy-Duty Trucking and Trailer Suspension parts, bushings, pads, and mounts provided directly to OEMs and through aftermarket distributors.

Material Handling Rollers, wheels, stops, bumpers, and vibration isolators for use in lumber, mining, aggregate, and agricultural industries provided directly to OEMs and through aftermarket distributors.

Gears and Sprockets provided directly to OEMs and aftermarket through distributors.

Glenn Severson founded the Company in 2000, having spent 20 years in polymer part manufacturing for the heavy duty trucking industry.  He started NW Polymers in response to the acute need for an innovation oriented manufacturing company working with customers to produce the highest quality, yet competitively priced, customized polymer parts available within the region.  We invite you to visit the web site at www.nw-polymers.com.

About Veber Partners LLC

Veber Partners is a Portland, OR based boutique investment and merchant banking firm focused on advising Pacific Northwest-based middle market and emerging growth companies on mergers and acquisitions, private placements, fairness opinions, valuations and other financial advisory services. Veber Partners also acts as a merchant bank in buying profitable companies as a principal.  Visit Veber Partners at www.veber.com.