Proven Leader to Drive Continued Product Innovation and Customer-Focused Growth Strategy

PLZ Corp (“PLZ”), a North American based independent specialty aerosol and liquid product manufacturer, today announced the appointment of Fenton Challgren, an industry veteran with a track record of driving growth and innovation at consumer products companies and currently PLZ’s Chief Operating Officer, to Chief Executive Officer effective August 15.

Mr. Challgren succeeds Brett Finley, who commented, “I hired Fenton as part of our long-term succession planning because of his growth mindset and relentless focus on operational excellence, and he has proven himself to be an outstanding COO during his tenure at PLZ. I am confident Fenton is the right leader to guide PLZ’s next phase of growth and expansion.”

“I am honored to serve as PLZ’s next Chief Executive Officer and grateful to Brett for his years of partnership and leadership,” said Mr. Challgren. “Through robust formulation, simplification and service excellence, we have built a strong foundation for the business, and I see incredible opportunities to accelerate our growth by further expanding our product offerings, enhancing our capabilities and strengthening our customer relationships. I am eager to officially begin PLZ’s next chapter, as we focus on developing products that will break through and drive significant growth.”

Mr. Challgren brings to his new role more than 25 years of leadership experience in the manufacturing and consumer products industries. As PLZ’s Chief Operating Officer, he has successfully led the company through a rapidly evolving market landscape, advancing key strategic initiatives and driving improvements across the manufacturing network. He has been instrumental in enhancing facility and safety performance and optimizing PLZ’s footprint. Mr. Challgren joined PLZ from Fortune Brands, a nearly $8 billion market cap home and security products company, where he most recently served as President of Outdoors & Security, managing nearly 8,000 employees across five portfolio companies and leading significant organic and inorganic growth. He also previously held leadership roles at IDEX Corporation, Masterbrand Cabinets and Sony Electronics. Mr. Challgren earned his B.S. in industrial engineering from Iowa State University.

“Fenton shares our philosophy of partnering with customers and building businesses that surpass industry standards,” said Carter Cast, Operating Partner at Pritzker Private Capital (“PPC”). “His strategic vision, customer focus and operational excellence make him the ideal choice to lead PLZ into the future, and Brett’s steady leadership has left the company well-positioned for this next chapter. PLZ continues to deliver the quality products and services its clients demand, and we are delighted to continue our partnership and support the company’s growth.”

PLZ is the customer-focused formulating and filling expert behind the world’s most trusted brands. Headquartered outside Chicago, PLZ is owned by PPC and management.

About PLZ Corp

PLZ Corp is a North American based independent specialty aerosol and liquid product manufacturer. The PLZ family of companies specializes in the development, manufacturing, packaging and distribution of a comprehensive line of contract fill, branded and private-label products. PLZ formulates, blends, fills and packages more than 2,500 branded and private-label products including personal care products, cleaners and polishes, industrial solvents, lubricants and degreasers, adhesives, sanitary supply disinfectants, insecticides and air fresheners for home and industrial use. For more information, visit www.plzcorp.com.

About Pritzker Private Capital

Pritzker Private Capital (PPC) partners with middle-market companies based in North America with leading positions in the manufactured products and services sectors. The firm's differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. PPC builds businesses for the long term and is an ideal partner for entrepreneur- and family-owned companies. PPC is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, visit PPCPartners.com.

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