ACHRNEWS

Pameco Corp. Acquisition Completed

May 31, 2001
GOLDEN, CO — Pameco Corporation announces that Littlejohn Fund II, L.P., and Quilvest American Equity Ltd. have completed their acquisition of all outstanding shares of Pameco common stock. The transaction was completed after Pameco stockholders approved an agreement and plan of the merger.

In the merger, each outstanding share of Pameco common stock was converted into the right to receive $0.45 per share in cash.

“Pameco has now become a privately held company allowing all of the efforts of our management to be focused on building business with out customers,” said Dixon Walker, Pameco’s president and chief executive officer.

Additional information on Pameco can be found at www.pameco.com (website).

Publication date" 06/04/2001