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NEWS RELEASE

Manufacturing Company Resumes Operations in Delaware
Advanced Aerosol Acquisition Awarded Funding from the State

DOVER, Del. (September 10, 2009) - Governor Jack Markell and Director Alan Levin joined Advanced Aerosol Acquisition's CEO Richard Valentine, President Scott McCaig, and Executive VP of Global Sales Sean Fitzgerald, today to announce the company's plan to resume operations at its manufacturing plant, located at the Seaford Industrial Park.

"The city of Seaford has faced significant challenges with the downsizings of major employers in the area." said Governor Jack Markell. "These jobs will mean a great deal in helping to improve the local economy and put people back to work. We can make Delaware the best place in the nation to start and grow a business. This announcement is real progress towards that goal."

Advanced Aerosol was recently approved for a loan in the amount of $1.2 million from the Delaware Economic Development Office. The funds will provide start-up working capital and assist the company purchase new equipment. The investment will create 53 full-time jobs, providing an estimated economic impact of $21.3 million to the state of Delaware.

"This investment in Advanced Aerosol will grow critical manufacturing jobs," said DEDO Director Alan Levin. "These jobs offer some optimism for Delaware's economic recovery and to a community that has weathered a tough employment environment."

Advanced Aerosol Acquisition is a contract aerosol filler, producing aerosols on behalf of other companies which sell the finished products under their own brand labels. The company also owns proprietary formulas for more than 700 other aerosol products, including silly string, aerosol spray chalk, foaming soaps and a wide range of industrial solvents. The Seaford plant consists of 36,000 square feet of manufacturing and warehouse space, laboratories, mixing rooms and offices. In the 1990s, the facility achieved peak production, but after several changes in ownership, the company ceased most operations.

The new Advanced Aerosol management team includes veterans from the aerosol, manufacturing, finance and marketing industries. CEO Valentine is the founder of the MBA Group and has owned and operated businesses in such diverse industries as insurance, high technology, real estate, financial services, oil and gas, and corporate investigative services. President Scott McCaig is known worldwide for his work in operations, consulting and strategic activities in the aerosol industry. Executive Vice President, Global Sales Sean Fitzgerald has been in the aerosol packaging industry since 1990, when he became an account executive at Precision Valve Corp., the New York firm founded by Robert Abplanalp, who patented the first aerosol valve in 1949.

"The financial assistance from the state represents a solid endorsement for our business plan and management team," said McCaig. "With the help of Governor Markell and the Delaware Economic Development Office, we will be able to create new jobs and opportunities for Seaford and the state. We're proud to be part of the community and look forward to expanding our operations here."

"Their assistance is instrumental for us to succeed in our mission to re-invigorate and re-energize the aerosol and non-aerosol filling business" he added. "We're doing this by providing customers with a higher level of service that they have never seen - and to deliver that level of service on every order, time after time."

Please visit www.advancedaerosolfilling.com to learn more about Advanced Aerosol Acquisition. To apply for a job with Advanced Aerosol Acquisition, please send an e-mail inquiry to info@advancedaerosolfilling.com. For more information about aerosol products, visit Consumer Aerosol Products Council at www.nocfcs.org.

About the Delaware Economic Development Office
The Delaware Economic Development Office is an executive state of Delaware agency responsible for attracting new investors and businesses to the state, promoting the expansion of existing industry, assisting small and minority-owned businesses, promoting and developing tourism and creating new and improved employment opportunities for all citizens of the State. DEDO is a Certified Economic Development Organization, accredited by the International Economic Development Council. Visit dedo.delaware.gov.

Contact:
Nikki Boone, Communications Manager
Delaware Economic Development Office
nikki.boone@state.de.us
302-672-6857


Last Updated: Thursday, 01-Oct-2009 14:03:32 EDT
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