Performance Fibers Moves Headquarters

Global industrial polyester supplier
Performance Fibers Inc., formerly of Colonial Heights, Va., has moved its corporate headquarters,
along with 50 local employees, to downtown Richmond, Va., as part of its separation from
Morristown, N.J.-based Honeywell International Inc.

The company has left the Honeywell Technical Center on Woods Edge Road, where it had been
located for more than a year, and moved its staff in various executive, commercial, finance,
technical and administration positions to a new office in the Merrill Lynch building, 707 E. Main
St., Suite 1800.

“Our new location, in the heart of Richmond’s financial and legal community, reflects the
company’s position as one of the global leaders in the industrial fibers industry,” said Greg
Rogowski, president and CEO, Performance Fibers. “It puts us closer to the Richmond International
Airport, making travel to our global customers more accessible.”

Performance Fibers became a stand-alone partner of Boca Raton, Fla.-based private investment
firm Sun Capital Partners Inc. in December 2004.

February 7, 2006