Jim Painter Appointed President, Polar Tank Trailer

ST. CLOUD, Minn., January 31, 2012—Polar Corporation today appointed Jim Painter president of Polar Tank Trailer, North America’s largest manufacturer of aluminum, stainless steel, and carbon steel tank trailers.

Painter will be responsible for overall performance of the division, including three manufacturing plants, the dealer network, and several strategic initiatives related to the dramatic growth of the tank trailer industry. He will be based at Polar Tank Trailer’s headquarters in Opole, Minn., and report to Ted Fick, Polar Corporation president and CEO.

Painter was president of Quality Trailer Products, a Polar company, since 2000.

“Jim is an accomplished senior executive whose leadership within Polar over the last 11 years has been outstanding,” said Fick. “As president of Polar Tank Trailer, his immediate focus will be on advancing our fastest-growing business unit.”

Polar Tank Trailer builds custom tank trailers for dry and liquid bulk cargoes including oil and fuel, food products, asphalt, chemicals, and corrosives. Quality Trailer Products manufactures and distributes both original and aftermarket components for commercial trailers.

Before joining Quality Trailer Products, Painter was an officer and vice president at Simpson Industries where he was responsible for the Engine Products group, a global manufacturing operation. He also held positions of increasing management and executive responsibilities at Rockwell International, including president of the Rockwell Clutch Co. and general manager of the Specialty Axle Division.

Painter earned an M.B.A. from Xavier University and a bachelor’s degree from General Motors Institute.

About Polar Corporation

Polar Corporation consists of three companies, all leaders in their respective markets. Polar Tank Trailer builds custom tank trailers for dry and liquid bulk cargoes including oil and fuel, food products, asphalt, chemicals, and corrosives. Polar Service Centers provide tank trailer parts, repair, services, and designs and builds custom up-fits for the propane and pressure truck-mounted tank market. Quality Trailer Products manufactures and sells parts and components for the light-duty trailer industry. More information about the company can be found at www.polarcorp.com.