PENRAY BROADENS MANAGEMENT TEAM

New leadership team to build sales, excitement at Penray

Wheeling, IL October 23, 2013 – The Penray Companies, Inc. has announced the formation of a new management team that promises to grow sales of the company’s chemical additives and functional fluids with a new air of excitement and enthusiasm. The announcement was made by David Sholtis, Penray CEO.

Industry veteran William Nonnamaker has joined Penray as Senior Vice President of Sales. In this capacity Nonnamaker will be responsible for driving achievement of the company’s growth plan, ensuring the highest levels of customer service and satisfaction, and will also establish strategic direction for the sales function within the company’s automotive, heavy-duty, private label, and international sales efforts. Most recently in a sales management position at Wells Vehicle Electronics, Nonnamaker brings years of experience in the automotive industry that will enable him to expand Penray’s traditional and retail business as well as growing their industrial and heavy duty businesses.

Randy Fowler assumes the position of Vice President, Private Label, and will be responsible for enhanced focus and sales building of the company’s private-branded business.  Fowler has many years in the industry and is uniquely qualified to drive this very important segment for Penray.

Mark Kardon has joined Penray as Director of Marketing. In this role he will direct all of Penray’s marketing efforts regarding new products, product management, development of sales tools, and customer communication. Kardon joins Penray from AFX Lighting, Inc. and brings diverse talents in promoting both industrial and consumer products.

Steve Abrams has joined Penray as Director of Operations, with overall responsibility for manufacturing facilities, production, scheduling, shipping and materials sourcing. His background in manufacturing and process improvement, with a focus on lean, will help drive Penray’s on-going improvements in production capabilities and processes. Abrams comes to Penray from UOP LLC, a Honeywell company, and replaces the retiring Tom Chess. Chess is a 30-year veteran of Penray, having directed numerous facilities projects ensuring that Penray’s manufacturing and packaging plants have grown and adapted to meet the changing needs of the business.

In making the announcement, Penray CEO Sholtis noted that the new management team was well-positioned to build on the company’s 60-year history of growth and quality improvement. “Penray has a tremendous track record of sales growth and product innovation,” said Sholtis. “As a well-planned vertically-integrated company, we have built on product innovation and customer service to achieve sales success, both here and internationally. This new management team is poised to propel us to an even greater level of success.”

Adds Sholtis, “We’ve assembled a team that brings the best knowledge of the automotive and heavy-duty aftermarkets as well as fresh and innovative ideas from other industries. We’re confident that this blend of talent and creativity will help assure our next sixty years of growth and success.”

Penray’s products, made in the USA, include a broad array of service chemicals, functional fluids, fuel treatments, cooling system products including Need-Release® cooling system filters, and other service and maintenance chemicals available throughout the U.S. and Canada.

Penray products are distributed through automotive, heavy-duty, and industrial markets, as well as to international and private label customers.

Founded in 1954, Penray manufactures liquid and aerosol products in one of two plants in Illinois. Both facilities incorporate lean manufacturing techniques for optimal efficiency and quality control. The company has four separate business units – automotive, heavy-duty, export, and custom manufacturing for private label customers. Penray offers a variety of formulations so customers can enjoy Penray products that they know are compliant with all state and local environmental regulations. www.Penray.com