Trützschler Acquires Certain Hollingsworth Operations

Trützschler GmbH & Co. KG, Germany, has acquired all operations outside the United States and
Canada formerly owned by John D. Hollingsworth on Wheels Inc., a Greenville-based manufacturer of
steel and wire clothings for cards and other machinery used in the spinning and nonwovens
industries. Hollingsworth manufacturing operations located in Brazil, Mexico and Germany, in
addition to its European service stations, now operate under the name Trützschler Hollingsworth
Card Clothing and Service.

Through the acquisition, Trützschler will add steel and flexible wire clothings for short-
and long-staple cards to its product line, which includes cards for the spinning industry.

John D. Hollingsworth on Wheels was transferred to the Hollingsworth Foundation following the
death of founder John D. Hollingsworth in December 2000. The foundation operates the company’s
Greenville headquarters to serve the US and Canadian markets.

November 2003