Genkinger, Hubtex Merge, Team Up With Neuenhauser

Genkinger Maschinenbau GmbH and
Hubtex Maschinenbau GmbH, both based in Germany, recently combined their machine handling equipment
manufacturing operations. The new company, Genkinger-Hubtex GmbH, is headed by Managing Director
Harald Schlosser.

Neuenhauser Maschinenbau GmbH & Co., also based in Germany, is a co-partner in the new
company. Neuenhauser Inc., the company’s North American distributor, has consolidated Hubtex of
North America, the Hubtex distributor for the region, into its operation in Greer, S.C.

Markus Heinis, former president of Hubtex of North America, now serves as president of
Neuenhauser Inc. — Textile Division. Ken Carrick and Chuck Holmes are responsible for daily sales
and customer contact efforts. Tommy Loftin and Calvin McDowell continue to provide spare parts and
service coordination for Genkinger-Hubtex equipment.

“We are pleased to provide this consolidated offering of material handling equipment,
service and spare parts to the [textile] industry,” said Philip J. Riddle, president and CEO,
Neuenhauser Inc. “With bringing the talents of the associates of Hubtex of North America into
Neuenhauser Inc., our combined customers will have the benefits of a centralized provider of sales,
service and spare parts for their material handling requirements.”

March 2005