PORTLAND, Ore., and NEW YORK — Blount International Inc. (NYSE:BLT) recently announced the completion of its acquisition by affiliates of American Securities LLC and P2 Capital Partners LLC. Under the terms of the merger agreement, Blount stockholders are entitled to receive $10.00 per share in cash, without interest and less any applicable tax withholding.

“As a private company, Blount will have greater flexibility to pursue new opportunities to better serve its global customer base across the Forestry, Lawn, and Garden (“FLAG”) and Farm, Ranch, and Agriculture (“FRAG”) markets,” said Loren Easton, managing director at American Securities. “We look forward to providing the strategic and financial support to enable Blount to achieve this next phase of growth.”

“We have long admired Blount’s talented team members and its track record of market leadership and innovation,” said Josh Paulson, partner at P2 Capital Partners. “We are excited to work alongside management and American Securities to help the company execute its strategic plan and continue delivering the high-quality products that are its hallmarks.”

The transaction was announced on December 10, 2015 and received approval from Blount stockholders on April 7, 2016Josh Collins will remain the company’s chief executive officer and David Willmott will continue to serve as president and chief operating officer. The company intends to maintain its corporate headquarters in Portland, Ore., and its existing global distribution and sales footprints.

As a result of the completion of the acquisition, shares of Blount common stock were removed from listing on the New York Stock Exchange, with trading in Blount shares suspended prior to the opening of business today.

About Blount International
Blount is a global manufacturer and marketer of replacement parts, equipment, and accessories for consumers and professionals operating primarily in two market segments: Forestry, Lawn, and Garden (“FLAG”); and Farm, Ranch, and Agriculture (“FRAG”). Blount also sells products in the construction markets and is the market leader in manufacturing saw chain and guide bars for chain saws.  Blount has a global manufacturing and distribution footprint and sells its products in more than 110 countries around the world. Blount markets its products primarily under the Oregon, Carlton, Woods, TISCO, SpeeCo, ICS and Pentruder brands. For more information about Blount, please visit our website at http://www.blount.com.

About American Securities
American Securities is a leading U.S. private equity firm with approximately $15 billion under management. Based in New York with an office in ShanghaiAmerican Securities invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or EBITDA of $50 million to $200 million. For more information, please visit http://www.american-securities.com.

About P2 Capital Partners
P2 Capital Partners is a New York-based investment firm that applies a private equity approach to investing in the public market. P2 manages a concentrated portfolio of significant ownership stakes in high quality public companies in which it is an active shareholder focused on creating long-term value in partnership with management. The firm will also lead private equity transactions within its public portfolio. P2’s limited partners include leading public pension funds, corporate pension funds, endowments, foundations, insurance companies, and high net worth investors.