Benninger Takes Over Kleinewefers Wet Finishing

Switzerland-based Benninger Textile Systems AG has taken over the wet-finishing business of
Germany-based Kleinwefers Textilmaschinen GmbH. The two companies decided to undertake this step in
order to meet the demands of the future more efficiently. Industrial logic, strengthening the
market position, continuing as a preferred partner for customers and sustainable business
development are reasons cited for the takeover.The takeover gives Benninger access to the market
for elastic fabrics and will improve present capacity. Kleinewefers has become a minority
shareholder of Benninger.

March 2001