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7/20/2007

Littlejohn & Co. Completes Acquisition Of Van Houtte For Cdn$600 Million

Littlejohn & Co., a private investment firm that applies an operational approach to building middle-market companies, today announced that it has completed its previously announced acquisition of Van Houtte Inc. (TSX: VH) for Cdn$600 million. Shareholders who have tendered their shares will receive Cdn$25.00 per share. Founded in 1919, Van Houtte is one of North America's leading gourmet coffee roasters, marketers and distributors. The Company roasts and markets its gourmet coffees across Canada and the U.S. through distribution channels that include coffee services, retail stores, cafe-bistros and online shopping. Van Houtte employs more than 1,900 employees in Canada and the United States. "We are very pleased to complete this transaction in a relatively short time frame and we look forward to working with management to implement a strategy that will further enhance the company's brand and accelerate growth," said Michael I. Klein, President of Littlejohn. In addition to the Van Houtte transaction, Littlejohn recently announced the acquisition of the ITT Switches Business, which manufactures switches, dome arrays, interface controls and keypads for a variety of industries including mobile communications, computer and automotive. About Littlejohn & Co., LLC Founded in 1996, Littlejohn & Co., LLC is a Greenwich, Connecticut-based control-oriented private equity firm seeking investment opportunities in the middle market sector that are undergoing a fundamental change in capital structure, strategy, operations or growth that can benefit from its operational and strategic approach. The firm's professionals manage three funds with committed capital of approximately $1.6 billion. The firm is currently investing from Littlejohn Fund III, L.P. which has US$850 million in capital commitments. For more information, visit www.littlejohnllc.com, or Littlejohn can be reached at 203-552-3500.


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