Ryko Solutions Enters into Purchase Agreement to Acquire MacNeil ...

Ryko-MacNeil Merger2-2-2segment for its technical service programs, cleaning products and marketing support systems that haveproven to increase car wash counts and ticket prices for Ryko car wash operators.“This is an important event in our industry. While there have been previously announcedconsolidations among industry suppliers, this is the first that involves two independently strongindustry players who are enjoying healthy growth,” explained Steven L’Heureux, CEO of Ryko.“MacNeil has a well established reputation within the industry for delivering the best performing andmost highly engineered conveyor systems and innovative profit enhancing accessories. By leveragingRyko’s larger R&D and marketing organizations, we see a tremendous opportunity to dramaticallyexpand MacNeil’s market share.”Ryko’s customers will enjoy new equipment options through direct access to MacNeil products– the best engineered tunnel systems in the world. Traditional MacNeil customers will have expandedchoices through their MacNeil distributors supported by Ryko’s end-to-end solutions, including the carwash industry’s largest technical service network, and local parts warehoused throughout the UnitedStates. Customers will also benefit from a larger choice of industry accessories and support systemsincluding water recovery programs and state-of-the-art activation and payment devices along with anew line of tunnel-specific cleaning products.“This alignment of our business with Ryko allows us to continue our vision of delivering wellengineeredcar wash solutions that will bring sustainable profit to our customers,” stated VinceMacNeil. “What is important to me in this relationship are the many synergies and commonalities inhow we approach the car wash business. These will be advantageous to our distributors andcustomers, including a dedicated engineering team and significant investments in R&D, a joint desire toRyko Solutions, Inc. 1500 SE 37th Street, PO Box 38, Grimes, IA 50111 T 515.986.3700 W www.ryko.com