Clearlake Capital Portfolio Company Alkegen Completes Majority Investment In Luyang Energy Savings Material Co.

Alkegen, one of the largest specialty materials platforms in the world that provides high performance materials used in advanced applications such as filtration media, battery technologies, high temperature insulation and fire protection, announced today that it has successfully completed a tender offering resulting in Alkegen obtaining a controlling ownership interest in Luyang Energy-Saving Materials Co. Ltd. ("Luyang" or the "Company"), a Shenzhen A-share listed platform headquartered in Yuquan, Shandong province, China.