Reeves Brothers Acquires Calendered Product Business

Reeves Brothers Inc. has acquired the Fairfield, Conn.-based Fairprene Inc. calendered products
business from Longwood Industries Inc. The purchase includes select processing equipment in
addition to Fairprene’s entire product line. Spartanburg, S.C.-based Reeves Brothers will
manufacture the calendered products at its facility in Rutherfordton, N.C.

“We are continuing to expand our product capabilities for specialty calendered and coated
fabrics,” said Glen Hussmann, president and CEO. “The Fairprene product line represents a terrific
complement to our current capabilities and expands the applications that our materials serve.”

January 2003