Sunbelt Acquires Specialty Yarn & Thread

York, S.C.-based SunBelt Thread &
Packaging Inc. has purchased Greensboro, N.C.-based Specialty Yarn & Thread Inc. SunBelt now is
one of the largest suppliers of leno and selvage threads to the textile industry, according to
David P. Riggins, president, SunBelt.

The acquisition brings together the sales and management teams from SunBelt and Specialty.
SunBelt now offers increased technical expertise and customer support, as well as expanded product
offerings to the customers of both companies.

Rich Winslow, former president and owner of Specialty, has been named vice president of
thread sales at SunBelt. Pittman Breece continues as vice president.

August 2003