Reeves Brothers Acquires Lloyd Product Line

Spartanburg-based Reeves Brothers Inc. has acquired the custom calendered product line of Warren,
R.I.-based Lloyd Manufacturing Corp. for an undisclosed amount of cash. Lloyd will continue
operations at the Warren location under the direction of existing senior management staff.

Commenting on the acquisition, Glen Hussmann, president and CEO, Reeves Brothers, said the
Lloyd calendered product line compliments the Reeves Brothers product range and expands the
applications that its products serve.

June 2004