Press Releases

Press Releases

Felins USA, Inc. hires President & CEO

Felins USA, Inc., located in Milwaukee, Wisconsin, is pleased to announce the hiring of Andrew S. Barrieau as its President and Chief Executive Officer, effective June 1, 2005.

Mr. Barrieau is a seasoned Senior Executive with over 20 years experience leading organizations with regard to change and innovation. He has held key leadership positions that have utilized his high technical aptitude in engineering and manufacturing as well as his interpersonal skills allowing him to excel in sales and marketing roles while growing companies in a variety of industries. Most recently, Mr. Barrieau spent six years as the General Manager and Senior Executive for TODD Combustion and Gordon-Piatt, a privately held commercial, industrial and utility burner and related combustion systems company where he served a global customer base through a combination of direct sales, independent distributors and representatives. "We feel confident Andy can take charge and hit the ground running with the intent of providing growth and continued long term success by strengthening current customer and supplier relationships and building new partnerships with potential customers and distributors and achieving operational excellence within the organization. After reviewing several candidates, Andy stood out as the perfect fit to run this company", said Joe Schaffer, Managing Director of Monument Advisors Inc., the majority shareholder of Felins.

About Felins USA, Inc.

Felins USA, Inc. is a leading manufacturer and distributor of specialty niche packaging equipment, consumables, parts and service. Specifically, the Company manufactures and distributes banding, tying, bundling and strapping equipment for a wide range of end users in a variety of industries including banking, print, graphics, textiles, woodworking, food, and pharmaceuticals. Felins is a Wisconsin based company with a rich history serving the packaging needs of its customers for over 80 years. The Company specializes in delivering custom packaging solutions for its customers world-wide through a combination of direct sales and a diverse dealer and distributor network.

About Monument Advisors, Inc.

Monument Advisors Inc. manages Monument Capital Partners 2, L.P. ("MCP2"), a private equity fund based in Indianapolis, Indiana. Monument invests in niche manufacturing, service, and distribution companies, typically alongside existing or new management. Monument focuses on historically profitable, well run companies and seeks to increase value by developing organizational capacity and providing strategic direction for its companies. Monument focuses on companies with enterprise values of $10 million to $25 million.

To learn more about Felins USA or Monument Advisors, please contact Joe Schaffer at 317-656-5065.

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