Conneaut Industries Acquires Chadwick Yarn

Conneaut Industries Inc., West Greenwich, R.I., has purchased the assets of Chadwick Yarn Co. Inc.,
Central Falls, R.I. Both companies specialize in yarn products for the electrical and cable
industries. The two companies have a high level of experience and expertise in twisting and winding
processes. Our merger will create a high level of synergy to grow the existing products and develop
new applications, said John Santos, vice president, Conneaut.

December 2000