Covington Industries Forms New Division

New York City-based Covington Industries Inc. formed a new division that will focus on developing
and merchandising product specifically for the residential furniture market.Based in High Point,
N.C., the new division, Covington Upholstery Fabrics, will combine the product and resources of the
Covington Fabrics and Rapier-Cambridge Mills/Fame Fabrics units of the Covington Industries group.
The new division will also be merchandising upholstery product from Johnston Industries Fabrics,
formerly sold under the names Wellington Sears and Southern Phenix.We truly believe this new
division will be a real powerhouse, said Roger Gilmartin, executive vice president and COO,
Covington Industries. Our individual companies have always been significant players in the
furniture sector, each in its own right, but combined together and with the added strength of
product from our friends at Johnston they will really create industry-wide excitement.Additionally,
the decorative fabric business of the former Fame Fabrics division has been combined with Spectrum
Fabrics. The manufacturing sector of Rapier-Cambridge Mills will continue to weave product for all
divisions of Covington Industries.

September 2000