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September 26, 2019

Applied Plastics Names Susan McGrath as CFO and Julie Roy-Steinberg as Director of Supply Chain

Advanced coatings provider appoints new members to management team

Norwood - September 26th, 2019 - Applied Plastics (“Applied”) and Vance Street Capital LLC are pleased to announce the hiring of Susan McGrath and Julie Roy-Steinberg as CFO and Director of Supply Chain, respectively. Ms. McGrath and Ms. Roy-Steinberg are strong additions to the Applied team and have relevant medical contract manufacturing experience. Ms. McGrath and Ms. Roy-Steinberg previously worked together at MicroGroup, a private equity-backed provider of high mix, low volume contract manufacturing services, largely for interventional medical devices, which was eventually sold to TE Connectivity (NYSE:TEL) during their tenure. Mike Janish, Managing Partner at Vance Street Capital LLC, said, “We are excited to partner with Sue and Julie, who bring valuable experience and industry insight to Applied. Their prior work experience at MicroGroup and TE Connectivity is a perfect fit for Applied as we continue to build an industry leading medical coatings platform.”
 
Prior to joining Applied, Ms. McGrath was the CFO of Centerline Communications. Before working at Centerline Communications, Ms. McGrath spent over six years at MicroGroup, where she served as the Company’s CFO.  As CFO, Ms. McGrath built out the reporting functions at the company and instituted various data analytics that ultimately drove increased profitability across the organization. “I’m excited to join the Applied Plastics team and leverage my past experience in the medical component manufacturing space as we work together to provide industry leading products and solutions to our customers.” Ms. McGrath holds a Bachelor of Science and Business Administration from Merrimack College.
 
Prior to joining Applied, Ms. Roy-Steinberg was the Director of Supply Chain at MicroGroup. She has over twenty years of experience working in manufacturing, procurement, inventory management and production scheduling. At MicroGroup, she restructured their customer service, procurement, inventory control and production scheduling systems, which drove meaningful operational improvements. Ms. Roy-Steinberg stated, “Applied presents an exciting opportunity to leverage the Company’s best-in-class product offering with improved product availability and lead times to further enhance our customers’ purchasing experience.” Ms. Roy-Steinberg holds a Bachelor of Business Administration from Wilfrid Laurier University.

About Vance Street Capital LLC
Vance Street Capital is a middle-market private equity firm focused on investing in highly engineered solutions businesses across the medical, aerospace, defense and industrial sectors. For more than two decades, Vance Street’s partners have worked with management teams and family owners to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolio. For more information, visit www.vancestreetcapital.com.

Contact:
Michael Janish – Managing Partner, Vance Street Capital
P: (714)-312-0550
E: mjanish@vancestreetcapital.com