Newton Announces Savings in Excess of EUR0.8 Million Per Annum at Rutland Partners' CeDo Group

Leading Turnaround and Restructuring Investor Chooses Newton to Enhance CeDo Group's Operational Performance on the Back of Successful Pre-Acquisition Due Diligence

OXFORD, England, June 15, 2010 - Newton, Europe's leading operational and financial improvement specialist
today announced that it has successfully completed a project with Rutland
Partners' CeDo Group, one of Europe's leading manufacturers of household
disposables, to increase performance without capital expenditure at their
site in Katy Wroclawskie, Poland. The project, which was one of several
opportunities originally identified in the pre-acquisition operational due
diligence, delivered significant increases in aluminium rewind efficiency
equating to EUR0.8m annualised profit improvement.

Back in June 2009 Rutland had exclusivity to purchase CeDo and called
upon Newton to perform operational due diligence on the company's business
plan. Working in partnership, Newton and CeDo identified significant
potential savings through opportunities in efficiency, yield, capital
expenditure avoidance, value engineering, reduced labour cost, in-sourcing
product, energy reduction and increasing capacity. Following Rutland's
successful acquisition in September 2009, Newton was appointed to work with
CeDo's management team to deliver the opportunities and uncover the value
identified in the due diligence exercise, commencing with the project at
CeDo's aluminium rewind facility. Rutland has since gone on to win the
'Buy-out of the Year Award' at the M&A Awards in May 2010 for the
acquisition.

"Rutland selected Newton on the back of a longstanding relationship and
proven track record in operational improvement" said Ben Slatter, Partner at
Rutland. "Newton has made significant improvements in several of our previous
investments, delivering material savings on each occasion. We are confident
that Newton will increase CeDo's profitability considerably and have already
seen the benefits in the aluminium rewind business" he added.

CeDo's aluminium rewind business faced three key challenges which were
limiting the performance of their operations: inadequate capacity to
manufacture everything in-house; material losses; and roll quality. Newton
were brought in for an 18 week project to address the challenges and
establish new processes to enhance the profitability of the business.

"Newton performed a series of complex split-solving exercises on the
shop-floor with our machine operators to identify the causes of the capacity
inefficiencies" said Les Jakeman, Group Manufacturing Director at CeDo.
"Working together, this enabled us to challenge cycle times, which ultimately
allowed us to increase machine speed by 50% on some products, allowing for
all manufacturing to be brought in-house," he added.

Newton made further machine modifications and implemented a short
interval control system to manage the opportunities around aluminium waste,
quality and downtime. "Making various adjustments we have made a 45% increase
in aluminium rewind efficiency, reduced aluminium spend by EUR0.4m, adding
EUR0.8m of annualised profit to CeDo's Polish business" said Tom Wedgwood,
Director at Newton. "To ensure the improvements are sustained we have
provided the CeDo team with the skills and information needed to monitor and
drive further improvements going forward by implementing Newton's unique
Tracker(TM) System," he added.

Newton has recently moved onto a further opportunity identified in the
due diligence, this time at CeDo's recycling facility in Holland.

About CeDO

CeDo is one of Europe's leading manufacturers of household disposables,
manufacturing both own-label and proprietary products such as refuse sacks,
bin liners and other speciality kitchen and household disposable products
including nappy sacks, clingfilm and aluminium foil. It holds strong supply
relationships with the majority of Europe's largest supermarkets and
discounters.

CeDo is backed by private equity firm Rutland Partners and has global
turnover of GBP200 million.

For more information visit www.cedo.com

About Rutland Partners

Rutland Partners is a highly differentiated UK mid-market private equity
firm. Rutland focuses on underperforming businesses where it can actively
engage to improve performance, enable restructuring or assist with strategic
change.

For more information visit www.rutlandpartners.com

About Newton

Newton is the leading operational and financial improvement specialist in
Europe. Founded in 2001 by a group of highly qualified and experienced
engineers, the company's objective is straightforward: to deliver performance
improvement of 10% - 50% in any client's operations and supply chain without
incurring capital expenditure.

From its roots in manufacturing, Newton applies its unique engineering
based approach across a wide range of industry sectors, working in areas as
diverse as aerospace, automotive, defence, food & drink and healthcare, from
the factory floor to design offices and throughout the supply chain.

Newton are not management consultants, they do not focus on strategy,
re-structuring or re-organisation - their focus is on identifying and
resolving the issues that limit performance, to deliver a tangible and
measurable improvement, backed by Newton's guarantee "no results, no fee".

Newton has a substantial proven track record and has worked with many
forward thinking organisations including Rolls-Royce, BAE Systems, VT Group,
Nissan, Kerry Foods, British Airways and the NHS.

For more details on how Newton can benefit your organisation, please call
us on: +44(0)1684-576477 or visit www.newtoneurope.com.

    Media Relations for Newton Europe:
    Laura Skett,
    +44(0)1865-920700,
    Laura.skett@newtoneurope.com .

Media Relations for Newton Europe: Laura Skett, +44(0)1865-920700, Laura.skett at newtoneurope.com .