Liberty Fabrics Acquires Enterprise Coatings

Liberty Fabrics Inc., New York, recently announced that it has purchased substantially all assets,
including the name, of Enterprise Coatings Co. Ltd., North Smithfield, R.I. Liberty is a subsidiary
of Courtaulds Textiles plc.The acquired assets and the related business interests of Enterprise
will operate under a separate division within Liberty and will be known as Enterprise
Coatings.Enterprise manufactures a range of high-quality, breathable and waterproof polyurethane
films that are laminated onto various types of fabrics for use in activewear, sportswear and
outdoor recreation markets.

May 1999