Victor Acquires Craftex

Quebec-based Victor Group Inc., a textile manufacturer specializing in environmentally sustainable
fabrics for residential and contract interiors, has acquired the Craftex brand from the secured
creditor of Philadelphia-based Craftex Mills Inc., also a manufacturer of residential and contract
interiors fabrics. The acquisition also includes Craftex’s catalog of designs and patterns. Victor
will continue to offer the Craftex brand, adding new products and designs to its current portfolio.

“This acquisition creates a more diverse product offering for Victor, and offers stability
for customers of the Craftex brand during a challenging economic time for the entire textile
industry,” said Paul Bennotti, director of marketing, Victor Group. “Over the past 100 years, the
Craftex brand has come to represent quality, innovation, value and service. Victor has built its
reputation on these same qualities so I am confident that Victor will be able to provide customers
of the Craftex brand the same quality service and products that they have come to expect.”

March 24, 2009