Press Release

Covington Associates advises Chase Corporation on their acquisition of Neptco, Inc.

Boston, MA – June 28, 2012 – Covington Associates announced its role as financial advisor to Chase Corporation (NYSE: CCF) on the acquisition of Neptco, Inc. Chase Corporation, based in Bridgewater, MA, is a leading manufacturer of protective materials for high reliability applications.

Chase Corporation has acquired 100% of the capital stock of NEPTCO, Inc., a private company whose core products are sold primarily into the broadband communications and electronics packaging industries.

The purchase price on a debt free, cash free basis was $67.0 million, excluding any working capital adjustments and acquisition related costs. As part of this transaction, Chase is also acquiring NEPTCO’s 50% ownership stake in a joint venture. NEPTCO revenues were $69.5 million in their most recently completed year ended December 31, 2011 excluding $25.8 million attributable to the joint venture. NEPTCO’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $11.3 million for the same fiscal period.

Peter R. Chase, Chairman and Chief Executive Officer commented: “The combination of Chase and NEPTCO’s Wire & Cable materials businesses, based in North America, offers the broadest array of proven products to our predominately Americas-based customers. This merger creates a solid value proposition by bringing together over 120 years of combined service to the industry. In addition, there are some exciting synergies in other markets served by both entities. We are confident that our joining together will both enhance today’s customer experience and provide greater resources to deliver tomorrow’s solutions.”

Tim McMahon, lead advisor to Chase Corporation and Managing Director at Covington Associates, said, “Chase Corporation’s acquisition of Neptco compliments and expands both company’s in and across their markets.”

About Chase Corporation
Chase Corporation (NYSE MKT: CCF) is a leading manufacturer of protective materials for high reliability applications. For over 60 years they have developed high performance Industrial Coatings, Tapes, Adhesives and Sealants that are marketed under brand names recognized as the most trusted in their respective industries.

To learn more about Chase Corporation, visit www.chasecorp.com.

About Covington Associates LLC
Covington Associates is a specialty investment banking firm founded in 1991 serving business service, consumer, industrial, healthcare, and technology companies throughout the country. Focused on mergers and acquisitions, debt and equity capital raising, debt and equity restructuring, and strategic advisory assignments for middle market companies, Covington Associates has completed transactions ranging in value from $10 million to nearly $2 billion for both private and publicly traded companies.

Chase has acquired Neptco

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