The Urgent Need for Change and The Superior Path Forward slide image

The Urgent Need for Change and The Superior Path Forward

PRIVET AND UPG: SYNALLOY'S COMPARABLE COMPANY UNIVERSE (CHEMICALS) Company HAWKINS Hawkins Inc. (NASDAQ: HWKN) VENATOR Venator Materials (NYSE: VNTR) TRECORA Resources Trecora Resources (NASDAQ: TREC) PRIVET FUND ingevity Ingevity Corp. (NYSE:NGVT) UPG STRONGER TOGETHER Description Hawkins, Inc. formulates, manufactures, blends, distributes, and sells reagent grade laboratory chemicals and industrial chemicals. Hawkins services customers located in the Midwest United States Venator Materials PLC operates as a manufacturer and marketer of chemical products. The company produces a broad range of pigments and additives. Venator Materials offers titanium dioxide, color pigments, and water treatment products Trecora Resources manufactures petrochemical products. The company specializes in specialty petrochemical products and synthetic waxes, as well as provides customer processing services. Trecora Resources serves customers in the United States Ingevity Corporation manufactures specialty chemicals. The company offers adhesives, inks, soaps, detergents, agricultural chemicals, metalworking fluids, and lubricants Rationale for Inclusion Distributes, formulates, blends and manufactures products for industrial and water treatment applications Primarily focused on North American customers ✓ Size: $50 million - $2.0 billion in Market Capitalization ✓ ✓ ✓ Nominee Biographies and Appendix Specialty manufacturer with custom processing services Primarily focused on North American customers ✓ Size: $50 million - $2.0 billion in Market Capitalization ✓ ✓ Products sold to water treatment, pharmaceutical, and various architectural and industrial coating end markets Size: $50 million - $2.0 billion in Market Capitalization Product applications include: coatings, elastomers, adhesives, lubricants, well service additives, and resins End markets include: paper chemicals, chemical intermediate and other industrial applications 126
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