Wardwell Merges German Subsidiaries

Wardwell Braiding Machine Co., Central Falls, R.I., has merged its two German subsidiaries,
Schnellflechter Berlin GmbH and Spirka Maschinenbau GmbH, under the name Wardwell Europe GmbH.

The company will maintain the existing manufacturing facilities, as well as product
development, sales and service for both product lines. “The legal merger of the companies will
allow common administrative, technical and customer service functions to be shared, and will also
allow more efficient use of the production capacity of the two sites,” said Ted Osterhoff,
executive vice president, Wardwell, and co-managing director, Schnellflechter. “This ultimately
benefits our customers.”

November 2003