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POUR DIFFUSION IMMÉDIATE

Shepherd Hardware Enters Definitive Agreement to Acquire Parker & Bailey, Expanding Product Portfolio and
Market Reach

Three Oaks, MI, March 15, 2024 – Shepherd Hardware, a leading provider of hardware solutions for residential and
commercial applications, proudly announces the signing of a definitive agreement to acquire Parker & Bailey, a
distinguished manufacturer of specialty household cleaners, premium woodcare products, and other furniture care
accessories.

“At Shepherd Hardware, we are committed to providing our customers with high quality products and services,”
stated Ken Buffinga, GM of Shepherd Hardware. “The acquisition of Parker & Bailey is an opportunity to complement,
expand and enhance our offerings and deliver greater value to existing and new customers. We are pleased to
welcome Parker & Bailey into the Shepherd Hardware family.”

“We are excited to join forces with Shepherd Hardware,” said Andrew Schultz, co-owner of Parker & Bailey. “This
partnership represents a natural progression for our company, allowing us to leverage Shepherd Hardware’s resources
and distribution network to reach new heights. Together, we will continue to uphold our tradition of delivering
superior home care solutions.”

“At Parker & Bailey, we take pride in our ability to operate as a lean and agile company while delivering the level of
service expected from a larger enterprise,” added Bill Schultz, co-owner of Parker & Bailey. “Our commitment to
excellence, coupled with Shepherd Hardware’s support, positions us for continued success in the years to come.”

As a subsidiary of Colson Group, the global leader in caster and wheel solutions, Shepherd Hardware is well-positioned
to leverage its global footprint and extensive distribution network for continued growth of Parker & Bailey products
and brands. The acquisition aligns with Shepherd Hardware’s strategic vision of expanding its market reach and
delivering exceptional products and services to customers worldwide.

Parker & Bailey

Parker & Bailey has a storied history dating back to 1879, from its humble beginning as a small business in Maine to its
current status as a respected industry leader. Owned and operated by brothers Bill and Andrew Schultz since 2008,
Parker & Bailey’s dedication to innovative and superior surface care products aligns seamlessly with Shepherd
Hardware’s mission.

À propos du groupe Colson

Colson Group, leader mondial dans le domaine des roulettes et des roues, conçoit et met en œuvre des solutions qui font avancer la vie. Ses marques de renommée mondiale offrent des solutions de mobilité spécialisées pour tous les secteurs et tous les marchés. Une gamme de produits de premier plan et une chaîne de valeur mondiale exclusive garantissent une efficacité et un accompagnement sans égal. Avec plus de 1 600 collaborateurs répartis sur 25 sites à travers le monde, Colson Group s'engage à contribuer à la réussite de ses clients.

For more information about Shepherd Hardware, visit shepherdhardware.com. To learn more about Parker & Bailey,
please visit parkerbailey.com.

Shepherd Hardware, représentée par Husch Blackwell LLP

Parker & Bailey, représentée par Aramar Capital Group et Brownstein Hyatt Farber Schreck, LLP

Press Contact:
Todd Ohme
Corporate Director of Marketing
todd.ohme@colsongroup.com
269.769.8798