Raymond West makes Strategic Investment in Performance Plus Installations

SANTA FE SPRINGS, CA. — January 9, 2023

Raymond West, a leading global provider of best‐in‐class material handling products and intelligent
intralogistics solutions, announced today that it will acquire a significant stake in Performance Plus
Installations ‐ an industry leader for all mechanical installations of material handling and storage

This investment helps Raymond West grow an installation capability as a dedicated service to support its
rapid storage and automation growth.

“Our vision is to establish a new standard for powering the world’s leading businesses with optimized
end‐to‐endless intralogistics solutions,” said James Wilcox, President of Raymond West. “Partnering
with Performance Plus Installations, who have a well‐earned reputation for the highest‐quality
workmanship and professionalism, will help us to better provide solutions to any problem or challenge
our clients have.”

“We look forward to providing Raymond West with the resources to accelerate their installation time,”
said Bob Istwan, President of Performance Plus Installations. “Combining Raymond West’s history of
innovation with our large‐scale installation expertise will add significant value to their customer base
and support the growth of their automation services.”

About Raymond West
Raymond West provides accelerated and optimized intralogistics solutions to solve our client's
problems; any challenge they have within their facility moving and storing material ‐ we have the
solution. Our aim is to deliver the utmost quality and to work for continuous improvement every day,
in every aspect of our business. We value the trust that Raymond West has earned through decades of
proven performance and hands‐on innovation. Our customers can rely on us to exceed their
expectations by providing supply chain knowledge as well as our commitment to ensure their operations
are running at peak performance 24 hours a day, 7 days a week.

About Performance Plus Installations

Performance Plus Installations is the industry leader for all mechanical installations of material handling
and storage equipment. Our vast array of core competencies includes installation and decommissioning
services of Conveyor Systems, Pick Modules, AS/RS Systems, Radioshuttle, and all types of pallet racking.
In addition to our professional crews, we have a team of Project Managers, Operations and Safety
Specialists to ensure all projects are met with the greatest care.