NORTON, KS – August 19, 2026 — New Age Industrial, a leading American manufacturer of aluminum material handling and storage solutions, is pleased to announce key leadership promotions within its executive team. Tom Sharp has been named President of Sales & Marketing, and Brock Miller has been appointed Vice President of Sales & Marketing. Both executives maintain their roles as Shareholders, reinforcing the company's long-standing family legacy and commitment to domestic manufacturing excellence.In his elevated role as President of Sales & Marketing, Tom Sharp will oversee the overarching strategic vision and long-term expansion of New Age Industrial's market reach. Having previously served as Vice President of Sales while leading the Supermarket Sales Division, Sharp carries forward a proud family legacy established by his father, Bill Sharp. Known for his charismatic, approachable leadership style and magnetic personality, Sharp builds instant connection across dealer networks, distributor partners, and internal teams, positioning New Age Industrial for dynamic growth."Carrying on the foundation built by my father, Bill, is both a privilege and a responsibility we carry with immense pride," said Tom Sharp, President of Sales & Marketing. "Brock's technical background, strategic thinking, and strong interpersonal skills, paired with our shared commitment to American manufacturing, give us incredible momentum. Together, we look forward to supporting our distributor partners, driving product innovation, and leading New Age Industrial into its next era of growth."Stepping into the role of Vice President of Sales & Marketing, Brock Miller will direct the company’s unified sales and marketing growth strategies while stepping in to lead the Supermarket Sales Division. An industry veteran with over two decades of experience spanning sales, product design and engineering, and executive leadership, Miller brings a rare blend of technical engineering expertise, market-driven problem solving, and deep customer-facing insight.Raised in Norton, Kansas, Miller carries on a multi-generational family legacy at New Age Industrial. His professional path spans hands-on facility work in his youth, dedicated account management across foodservice buying groups and dealer networks, and over 20 years in Product Design & Engineering, developing custom-engineered aluminum solutions across the Commercial Foodservice, Material Handling, and Supermarket sectors."My personal connection to New Age Industrial and our Norton community runs deep, making this next step especially meaningful," said Brock Miller, Vice President of Sales & Marketing. "Partnering with Tom to lead our sales and marketing efforts allows us to build upon a strong operational foundation. I look forward to advancing our industry presence and deepening our impact while continuing to deliver the custom, high-quality aluminum solutions our partners depend on."Together, Sharp and Miller will align product development, engineering, distributor support, and market expansion to advance New Age Industrial’s 60-year legacy of custom manufacturing excellence.About New Age IndustrialNew Age Industrial is a leading manufacturer of aluminum transportation and storage equipment in the United States. We create high-quality, lightweight aluminum solutions for various industries including Foodservice, Supermarket, and Material Handling. Crafted for durability and efficiency, our products are proudly American designed and manufactured. For more information, visit newageindustrial.com.ContactMegan KeiswetterDirector of Marketing & E-Commercemegan.keiswetter@newageindustrial.com

ATLANTA (Aug. 20, 2026) – FORTNA, a global leader in automation and software for the full logistics value chain, today announced it has entered into an agreement with holders of 74% of the Company’s funded debt and the Company’s sponsors that will meaningfully strengthen FORTNA’s financial foundation, transition the Company’s ownership to its existing lenders, including funds managed by Ares Management (“Ares”) and some of the largest global asset managers, and position the business for long-term growth. Participation in the transaction contemplated by the agreement will be offered to all of the Company’s existing lenders.The Company continues to operate as normal and the FORTNA team remains focused on delivering for customers and advancing projects on time.“Today’s agreement marks an important milestone for our company,” said Rob McKeel, Chief Executive Officer, FORTNA. “Following this transaction, we will have a stronger balance sheet and enhanced financial flexibility. Additionally, with the support of new ownership that shares our long-term vision, we will be well positioned to execute our strategy with discipline and confidence. Our focus remains unchanged – delivering exceptional value to our customers, investing in operational excellence and driving sustainable long-term growth.”McKeel continued, “As we look ahead, our priorities remain clear. We will continue helping our customers optimize complex distribution and fulfillment operations with mission-critical solutions, expertise and innovative approaches. We are grateful for the continued trust and support of our customers and business partners and look forward to our continued collaboration. I also want to recognize and thank our employees for their hard work, dedication and commitment, which will continue to drive our success in the years ahead.”Once the transaction contemplated by the agreement is completed, the Company will receive a fully committed equity cash infusion of approximately $150 million, which will be funded by certain of the Company’s existing lenders, including Ares. In addition, the transaction will deleverage the Company’s balance sheet by approximately $1.8 billion, reducing annual interest expense by more than $150 million. Majority ownership will transition through the recapitalization to the Company’s existing lenders.The Company fully expects to consummate the recapitalization transaction in the coming weeks, subject to the satisfaction of standard closing conditions. The recapitalization transaction will have no impact or impairment on the Company’s vendors, suppliers, and business partners.Advisors Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel, Evercore Group L.L.C. is serving as financial advisor, and Alvarez & Marsal is serving as restructuring advisor to FORTNA. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor.Gibson, Dunn & Crutcher LLP is serving as legal counsel and Centerview Partners LLC is serving as financial advisor to an ad hoc group of FORTNA’s lenders.About FORTNA FORTNA partners with one of the world’s leading brands to transform omnichannel and parcel distribution operations. Known world-wide for enabling companies to keep pace with digital disruption and growth objectives, we design and deliver solutions, powered by automation, robotics and intelligent software, to optimize fast, accurate and cost-effective order fulfillment and last mile delivery. Our people, innovative approach and proprietary algorithms and tools ensure optimal operations design and material and information flow. We deliver exceptional value every day to our customers with comprehensive services and products including network strategy, distribution center operational design and implementation, material handling automated equipment, robotics and a comprehensive suite of lifecycle services. Visit FORTNA.com.ContactCheryl FalkSVP Global Marketing Communications & Demand Generationcherylfalk@fortna.com

ROSELLE, IL – August 18, 2026 – Cherry's Industrial Equipment, an engineering and manufacturing company dedicated to solving workflow and safety issues in the workplace, today announced the promotion of Heather Racine to the position of Sales Operations and Marketing Specialist.The Sales Operations and Marketing Specialist plays a critical role in supporting Cherry's Industrial Equipment's commercial success by managing pricing, quotation systems, CRM data integrity, product information, website content, marketing initiatives, and business analytics.Racine, who joined Cherry’s in 2024 as CRM Sales Support Coordinator, will now fill an expanded role, serving as the central support resource for the sales organization. Her responsibilities will include providing live commercial support, maintaining pricing accuracy, coordinating lead assignments, and ensuring consistency across the CRM, ERP, website, and proposal systems. She will work closely with Sales, Engineering, Purchasing, Finance, Operations, and Marketing to improve business processes, protect profitability, and deliver exceptional customer experience.Prior to joining Cherry’s in 2024, the Chicago area resident worked in the cybersecurity industry as Business Operations Coordinator at Nexum in Chicago. Her experience also includes work in the prepaid card industry for Blackhawk Network in Woodridge, IL, in operational process management. She earned several business certifications applicable to her industry.She earned a bachelor’s degree from Northern Illinois University in DeKalb. In her spare time, she enjoys traveling, and spending time with her two children. She also enjoys visiting art museums and other local attractions.John Costello, Chief Executive Officer at Cherry’s, said, “We are pleased to promote Heather to this new, expanded role. She has been a tremendous addition to our team since joining us several years ago, and we are confident that she will continue to provide exceptional value to our company and the clients we serve.”About Cherry’s Industrial EquipmentCherry's Industrial Equipment Corp. is a leading engineering company specializing in custom material handling, ergonomic, and workflow solutions that improve workplace safety, productivity, and operational efficiency across a broad range of industries.Founded in 1982, Cherry's pioneered the introduction of the pallet inverter to North America—a revolutionary material handling solution that enabled operators to safely invert entire pallet loads to recover damaged products, replace broken pallets, and eliminate manual handling. What began as a niche solution quickly became an essential piece of equipment for manufacturers, distributors, and warehouses. Today, Cherry's pallet inverters are used daily to handle hundreds of products, ranging from food and beverages to pharmaceuticals, cosmetics, consumer goods, financial equipment, and industrial materials.Over the past four decades, Cherry's has expanded its portfolio into a comprehensive line of American-made material handling solutions, including pallet inverters, pallet dispensers, ergonomic lift tables, 90° tippers, pallet washers, roller skids, plastic and aluminum pallets, load transfer systems, and other custom-engineered equipment designed to solve complex manufacturing and distribution challenges.Cherry's serves customers across a diverse range of industries, including automotive, food and beverage, agriculture, pharmaceuticals, cosmetics, aerospace and defense, printing, consumer packaged goods, warehousing, logistics, and distribution. Every solution is engineered with a focus on operator safety, ergonomics, reliability, and long-term value.Headquartered in Roselle, Illinois, Cherry's Industrial Equipment provides engineering expertise, nationwide sales and service, and comprehensive customer support throughout the United States, Canada, Mexico, and international markets.For more information about Cherry's Industrial Equipment Corp., please visit cherrysind.com or contact the team to discuss your material handling application.