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History

MIP is a Canadian company with a very proud history. MIP (previously known as Med-I-Pant) was founded by Jerry Friedman in 1977 as the first manufacturer and supplier of adult reusable briefs designed to meet the needs of incontinent adults . About a year later, David Schreiner joined as a partner to head up sales. Together, they started to build the company, adding other key employees along the way. Today, MIP has become a global leader in the reusable healthcare textile industry, providing a broad range of products and services to the healthcare industry in North America, Europe and around the world.

From the start, the Company's employees were inspired by a vision of understanding customers' needs and providing products that met those needs. The Company grew because of this innovative spirit and unique customer approach. As a result, MIP and its employees around the world have earned the respect and admiration of healthcare professionals and competitors alike and the Company is recognized and defined as a leader in innovation and dedication to customers' needs.

Today, the MIP group sells its products in Canada, the United States and internationally in more than 27 countries. We have offices and facilities in Europe with MIP Europe GMBH, headquartered in Hamburg, Germany, Med-I-Pant UK Ltd. (MIP UK) in the United Kingdom and serve many of the other European countries including France, Belgium, Switzerland, Austria, and Italy. We supply our customers with a broad range of textile products, services and solutions in all markets. Our customers include large and small laundries, distributors, hospitals and long term care facilities. .

In September 2013, MIP's ownership group expanded with an investment from Banyan Capital Partners. Today, MIP is owned by senior management in partnership with Banyan. Banyan's approach is to partner with management teams, combining their experience and expertise with extensive capital resources to help build and grow their portfolio companies. David Arditi and Aviyam Friedman remain significant shareholders and continue to lead the business along with the rest of the MIP team to drive our success. On completion of the acquisition, David A. said: "This is an exciting time for our employees, customers and other stakeholders. Banyan's investment in MIP will preserve our unique corporate culture and continue our growth as a value-added supply chain partner to laundry servicers and healthcare facilities."

This success would not be possible without the support of our dedicated team of employees and business partners, our devotion to teamwork and our core values as reflected in our Beliefs and Corporate Directional Plan.

To find out more about Banyan Capital Partner please refer to their web site:
www.banyancapitalpartners.com

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