Sale Transaction Closing Announcement

Strategic Advisors is pleased to announce the closing of the sale of Cortina Leathers and DMS Leathers to the Conneaut Leather Company. Strategic Advisors served as exclusive sell-side advisor to the management of Cortina Leathers and DMS Leathers.

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Cortina and DMS Leathers market high-end Italian leather to the interior design, furniture, hospitality, and aviation industries. They work closely with many Italian tanneries, importing the highest quality leather for all applications. The company maintains an extensive inventory in the US, allowing for quick shipping of orders.

Conneaut Leather began producing hides in 1903. Over the

years, the upholstery leather company has grown from a small boutique leather shop on the shores of Lake Erie to a 55,000-square-foot, ISO-certified, state-of-the-art leather manufacturing facility. Its vertical supply chain and unique ability to produce custom leathers within days provides designers, purchasing agents, and manufacturers with a turnkey solution for all of their leather needs.

Austin Capital Corporation is a private capital investment company headquartered in Cleveland, Ohio. Austin Capital invests in smaller middle market companies in low and mid- technology manufacturing and related businesses throughout the North Central & Midwest regions and beyond.

About Strategic Advisors

Strategic Advisors is an investment banking firm that provides merger and acquisition, corporate finance and strategic advisory services to business owners. Since 2002, Strategic Advisors has served as the primary M&A and/or corporate finance advisor on over 350 transactions totaling over $6.5 billion.

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Strategic Advisors 2, LLC
117 VIP Drive, Suite 220
Wexford, PA 15090

Securities transactions are conducted hroughStillPoint Capital, Member FINRA/SIPC, Tampa, FL

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