Summit Partners Invests in Nomacorc

North Carolina-based Noel Group, a global leader in the
transformation of synthetic materials, today announced that Summit
Partners, a private equity and venture capital firm that has raised
nearly USD 9 billion in capital since 1984, has invested in Nomacorc
LLC, a Noel Group subsidiary and the world's leading manufacturer of
synthetic wine closures. This investment will support Nomacorc in its
continued global growth.

"We have seen outstanding growth in our market and our business
since we founded Nomacorc in 1999," said Nomacorc founder and Noel
Group Chairman Marc Noel. "The continued fast pace of the synthetic
wine closure market and the current global opportunities available led
us to seek a new financial partner to enable Nomacorc to take full
advantage of its growth potential."

The management team of Noel Group selected Summit Partners for
this alliance because of the private equity firm's success, strength,
and style. "Summit Partners has a wonderful history of success in its
support of growing, entrepreneurial businesses," explained Noel. "I
believe that Summit is the right partner to help us pursue the many
growth opportunities ahead for Nomacorc."

"Summit Partners is excited to be partnering with the management
teams of Noel Group and Nomacorc," said Kevin Mohan, a General Partner
in Summit Partners' Boston office. "We were attracted to the Nomacorc
opportunity because of the company's market leadership position,
quality management team, and outstanding growth prospects."

"The management of Nomacorc is thrilled to have Summit Partners
involved with the company," said Lars von Kantzow, Nomacorc's Chief
Executive Officer. "We are very comfortable with Summit, their entire
team, and their overall business approach. They believe in our
marketplace and our strategy; and they are interested in supporting
Nomacorc in our mission to provide long-term value for our customers."

Noel Group will remain as actively involved in the management of
Nomacorc as in the past. Marc Noel will remain Chairman of Nomacorc's
Board of Directors, which will be expanded to include Kevin Mohan and
Jason Glass, a Vice President with Summit Partners.

About Nomacorc

Nomacorc LLC (www.nomacorc.com), the worldwide leader in the
growing synthetic wine closures segment, is part of the Noel Group
family of companies. Since its start up in 1999, Nomacorc's innovative
products have catapulted the company to the position of industry
leader with a volume well in excess of 1 billion closures per year.
The company's portfolio of products are manufactured with patented
co-extrusion technology that provides consistent, predictable oxygen
management. As a result, Nomacorc has been chosen to protect billions
of bottles of the world's most recognized wines worldwide.
Manufacturing in the US and Belgium, Nomacorc associates strive to
provide the highest level of service to customers on six continents.
The company employs approximately 400 personnel.

About Noel Group

Noel Group, LLC (www.noelgroup.net) is a privately-owned
industrial holding company located in Wake Forest, NC. The company's
mission is to invest in, lead and strategically manage manufacturing
companies that specialize in the transformation of engineered
synthetic materials. Noel Group is guided by a passion to create new
markets, foster innovation and achieve market leadership. The Group
operates a variety of manufacturing companies in the US and Europe,
including Nomacorc, Nomaco, Spongex LLC, Nomaco Insulation, Nomaco
K-Flex, Focal Point Architectural Products and Jyco Europe. Together,
these companies employ more than 1,000 associates.

About Summit Partners

Summit Partners (www.summitpartners.com) is a private equity firm
with offices in Boston, Palo Alto, and London. Formed in 1984, the
firm has raised nearly USD 9 billion in capital in its private equity,
venture capital, and subordinated debt funds. Summit has provided
growth equity, recapitalization, and management buyout financing to
more than 290 companies, which have completed nearly 125 public
offerings and in excess of 105 strategic mergers or sales.

Summit Partners seeks outstanding management teams that have
self-financed their companies to profitability and market leadership
in a broad range of growth industries. Notable Summit investments in
the consumer products sector include B&W Loudspeakers, DEDON GmbH, Mo
Industries, Physicians Formula, Tivoli Audio, Vente-Privee.com, and
Web Reservations International.

The business of Summit Partners in the UK is regulated by the
Financial Services Authority. Summit Partners Limited is registered in
England and Wales. The registered number is 4141197, and the
registered office is located at 20-22 Bedford Row in London, WC1R 4JS,
UK. In the US, Summit Partners operates as an SEC-registered
investment advisor. This document is intended solely to provide
information regarding Summit Partners' potential financing
capabilities for prospective portfolio companies.