Chase Corporation Divests Structural Composites Business

April 18, 2018

WESTWOOD, Mass.–(BUSINESS WIRE)–Chase
Corporation (NYSE American: CCF) announced that it has sold
its structural composites rod business to Roblon US, Inc. for a purchase
price of approximately $2,100,000, pending any working capital
adjustments and excluding any future royalty payments to be made by the
buyer. The transaction, entered today, is set to close on April 20,
2018. The substantially full divestiture of the structural composites
business follows Chase Corporation’s sale of the RodPack®
wind blade components business in November 2015, and the licensing of
certain composite technologies during the second quarter of fiscal 2018,
both to separate and unrelated firms. Chase Corporation’s sale of its
structural composites rod business to Roblon in April 2018 follows the
Company’s sale of its fiber optic cable components business, also to
Roblon, in April 2017.

Adam P. Chase, Chase Corporation’s President and Chief Executive
Officer, commented,

“The sale of this business that supports the wind energy industry to
Roblon is a continuation of an orderly exit for Chase Corporation as
part of our strategy to focus on our core activities centered on
specialty chemicals based protective materials. Roblon U.S.A. continues
to be an excellent partner who is focused on this business area.”

Production of fiber composite base rod, which is sold into the wind
energy market for use in wind turbine blade construction, will continue
at Chase Corporation’s Granite Falls, NC facility, where Roblon leases
space.

Chase Corporation, founded, a global specialty chemicals company that
was founded in 1946, is a leading manufacturer of protective materials
for high reliability applications throughout the world.

Certain statements in this press release are forward-looking. These may
be identified by the use of forward-looking words or phrases such as
“believe”; “expect”; “anticipate”; “should”; “planned”; “estimated” and
“potential,” among others. These forward-looking statements are based on
Chase Corporation’s current expectations. The Private Securities
Litigation Reform Act of 1995 provides a “safe harbor” for such
forward-looking statements. In order to comply with the terms of the
safe harbor, the Company cautions investors that any forward-looking
statements made by the Company are not guarantees of future performance
and that a variety of factors could cause the Company's actual results
and experience to differ materially from the anticipated results or
other expectations expressed in the Company's forward-looking
statements. The risks and uncertainties which may affect the operations,
performance, development and results of the Company's business include,
but are not limited to, the following: uncertainties relating to
economic conditions; uncertainties relating to customer plans and
commitments; the pricing and availability of equipment, materials and
inventories; technological developments; performance issues with
suppliers and subcontractors; economic growth; delays in testing of new
products; the Company’s ability to successfully integrate acquired
operations; the effectiveness of cost-reduction plans; rapid technology
changes and the highly competitive environment in which the Company
operates. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date the
statement was made.