Greg Alles Appointed President of Bliss Industries, LLC

PONCA CITY, Okla.--(BUSINESS WIRE)--Bliss Industries, LLC, a leading manufacturer of hammermills, pelletmills, coolers and related equipment, announces that Greg Alles has agreed to join the company as President.

Alles has a long history in the industries served by Bliss, having worked both as an employee and a sales representative for companies that manufacture equipment serving many of the same industries as Bliss early in his career. Alles joined Bliss in 1992 where he ran sales strategy, developed the network of sales representatives and developed marketing strategies and literature. Over time, his role broadened as he served as a senior executive for the company. In 2005 Alles began working for Kice Industries with regional responsibility for the distribution of Kice products and services, most notably air systems and engineering services that are complementary to the Bliss product line. In this role, Alles worked directly with many of the Bliss sales representatives on major customer projects. In addition to his work experience, Alles has also produced many trade publications on hammermills, pelleting and cooling, including a chapter in an industry textbook entitled “The Proper Sizing and Installation of Hammermills.”

“We are very excited about bringing Alles back to Bliss in the role of President,” stated Mark Allen, Member of the Board of Directors for Bliss Industries. “Alles brings with him an extensive knowledge of the industries we serve and has the vision to take Bliss to the next level. He also has a keen knowledge of Bliss from his years of successful service for the Company. Alles will bring a new dimension to Bliss that will complement and challenge the current senior management team, as well as having industry and customer experience that will enable him to see additional opportunities. Hiring Greg completes our management team. In the last few months, we have hired Pete Davies, an extremely experienced manufacturing operations manager, as our COO of manufacturing, Paul Gill, who has an extensive finance and manufacturing background as our Vice President of finance and administration, and Jim Greenburg, a seasoned and experienced engineer with broad experience as our Director of engineering. With Bill Bliss as our Chairman and Chad Cook serving as Vice President of marketing, we believe that we have a great management team for Greg to lead.”

“Bringing Greg back to Bliss fulfills a dream for me. Greg has always been a great leader and visionary and I like to think the company is now in a great position to execute on Greg’s strategies and vision,” added Bill Bliss. “We now have the financial resources and the management team to reach the Company’s full potential.”

Bliss Industries, Inc. was founded in 1981 by Bill Bliss in Ponca City, OK and Bliss Industries products quickly became the industry standard for Hammermills and Pelletmills. In July of 2007 Pennington Allen Capital Partners, a private investment firm, entered into a partnership with Bliss Industries and the two partners of the firm, W. Lane Pennington and Mark H. Allen are active as senior executive officers and board members of Bliss Industries, LLC.

About Pennington Allen Capital Partners

Pennington Allen Capital Partners is a private investment firm focused on the acquisition of manufacturing, distribution, and business service companies and providing private equity to fund growth and other transformational needs of its business partners. The firm couples its capital resources with strategic and operational advisory services. Pennington Allen was formed in 2003 in Dallas, TX under the name of Whiterock Affiliates and now maintains its headquarters in Tulsa, OK. The principals of Pennington Allen Capital Partners include W. Lane Pennington and Mark H. Allen. During the past four years Pennington Allen has participated in transactions exceeding $800 million in total enterprise value.