Sun Capital Announces Completion of Tender Offer for Kellwood Shares

  
    
  
  
    
      Sun Capital Securities Group, LLC today announced the completion of the 
      cash tender offer by its wholly-owned subsidiary, Cardinal Integrated, 
      LLC, to purchase all outstanding shares of Kellwood Company (NYSE: KWD). 
      As of 12:00 midnight New York City time, on Friday, February 15, 2008, 
      the expiration time of the subsequent offering period for the offer, 
      approximately 2.5 million Kellwood shares had been validly tendered in 
      the subsequent offering period. These shares, combined with shares 
      tendered during the initial offering period and Sun Capital’s 
      existing 11.4% stake, represent approximately 93.7% of the outstanding 
      shares of Kellwood. All shares validly tendered and not properly 
      withdrawn in the offer have been accepted for payment by Cardinal 
      Integrated, and Cardinal Integrated expects to promptly pay for all such 
      shares.
    
    
      As the final step of the acquisition process, a subsidiary of Cardinal 
      Integrated will be merged with and into Kellwood and each share not 
      previously purchased in the tender offer or otherwise owned by Cardinal 
      Integrated or one of its affiliates will be converted, subject to 
      appraisal rights, into the right to receive $21.00 per share in cash. 
      Consummation of the merger is expected to occur as soon as practicable. 
      Following the merger, Kellwood will become a wholly-owned subsidiary of 
      Cardinal Integrated, and Kellwood’s common 
      stock will be delisted from, and will cease to trade on, the New York 
      Stock Exchange.
    
    
      About Sun Capital
    
    
      Sun Capital Partners, Inc. is a leading private investment firm focused 
      on leveraged buyouts, equity, debt, and other investments in 
      market-leading companies that can benefit from its in-house operating 
      professionals and experience. Sun Capital affiliates have invested in 
      and managed more than 180 companies worldwide with combined sales in 
      excess of $35.0 billion since Sun Capital's inception in 1995. Sun 
      Capital has offices in Boca Raton, Los Angeles, and New York, and 
      affiliates with offices in London, Tokyo, and Shenzhen.