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Niteo Products, A Portfolio Company Of Highlander Partners, Acquires Cyclo Industries

All operations will continue to be conducted from the Jupiter, Florida, facility, and will continue to be led by Vice President Doug Salazar.

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Niteo Products LLC, a portfolio company of Highlander Partners L.P., announced today the acquisition of substantially all the assets of Cyclo Industries from Pidilite USA Inc. Cyclo, based in Jupiter, Florida, is a leading specialty chemicals company offering a full line of professional car care product accessories and specialty aerosols in the automotive performance, maintenance and appearance markets.

All operations will continue to be conducted from the Jupiter facility, and will continue to be led by Vice President Doug Salazar.

Salazar commented, “I am excited to partner with Niteo Products to further our strong success as a leader in the professional automotive performance, maintenance and appearance markets in the US and increase our global distribution footprint. Niteo’s distribution in the major automotive markets of the U.S. will help to enhance Cyclo’s position in the marketplace and presents us with access to significant opportunities for growth. We believe our international distribution can also serve Niteo in broadening their reach, too.”

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Terry Morgan, Niteo’s CEO, added, “Bringing Cyclo’s robust lineup of professional car care product accessories and specialty aerosols into the comprehensive portfolio of Niteo Products further builds upon our growing importance and leadership within automotive performance, maintenance, and appearance markets. The acquisition of Cyclo provides us with additional distribution in the U.S., and Cyclo’s international capabilities adds to our ability to service additional customers with our complete product offering. We are excited to partner with the Cyclo team to extend and grow the Cyclo business.”

Jeff Hull, president and managing partner of Highlander, added, “The addition of Cyclo to our growing family of brands further reinforces our strategy to build a leading business in the automotive performance, maintenance and appearance markets. Closing our fourth acquisition in this space within the past nine months further validates our intent to utilize acquisitions to complement our organic growth efforts. We continue to evaluate numerous other potential transactions and expect to close additional acquisitions in the future. Cyclo’s deep product lineup is very complementary to building a comprehensive portfolio in car care products. Cyclo provides additional distribution reach and adds to our ability to service customers across our complete product offering globally. We are excited to partner with the Cyclo team to extend and grow Cyclo, as well as Niteo.”

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