Wincove Leads Recapitalization of Hygrade Components

Boston, MA – May 27, 2016 – Wincove Private Holdings, LP (“Wincove”) announced today that it has led the recapitalization of Hygrade Metal Moulding Manufacturing Corp., d.b.a. Hygrade Components (“Hygrade” or the “Company”).

Headquartered in Bethlehem, PA, Hygrade is a leading provider of components used in the manufacture of residential and commercial windows and doors. Hygrade’s products, which include stiffeners, screen frames, muntin bars, spacers and other components, are used to improve the thermal efficiency and enhance the appearance and strength of windows and doors. The Company serves customers throughout the United States and Canada, and operates out of three strategically-located facilities in Pennsylvania, Tennessee and Oregon with over 150,000 square feet of manufacturing space.

“Hygrade has a 70+ year history of providing specialty components to the building products industry and has a well-deserved reputation for industry leading quality and service” said Michael McGovern, partner of Wincove.  “We are proud to be partnering with Vince Pagano, who will continue as CEO and as a substantial owner of Hygrade.  Together we will continue to expand the Company’s product portfolio and service offering for our customers, and our capital will be used to fuel future growth.”

Vince Pagano, President and CEO of Hygrade stated, “Hygrade is excited to partner with Wincove for this next phase of our Company’s evolution. Wincove has deep experience and a successful track record investing in and growing manufacturing and industrial distribution companies, and specifically with businesses serving the construction industries. Wincove’s long-term mindset and permanent capital base were especially attractive to us as we explored this partnership.  I have no doubt that this partnership will benefit Hygrade’s customers, employees and suppliers.”  For more information about Hygrade, please visit www.hygrademetal.com.

About Wincove Private Holdings, LP                                    

Wincove Private Holdings is an investment holding company that creates long-term capital appreciation for its shareholders by partnering with business owners, entrepreneurs and management teams to build market-leading companies. With offices in Boston and NY, Wincove has a permanent capital base, and can therefore stay invested in its partner companies for an unlimited time horizon.  For more information about Wincove, please visit www.wincove.com.