Trützschler Acquires Fleissner

Germany-based spinning and nonwovens
machinery manufacturer Trützschler GmbH has acquired Germany-based nonwovens and man-made-fiber
machinery manufacturer Fleissner GmbH from Frankfurt-based technology and plant engineering
provider Zimmer AG for an undisclosed price.

Until its acquisition by Zimmer in 2003, Fleissner was a family-owned company founded in
1848 originally as a blacksmith’s workshop. In the ensuing years, the company grew to include an
iron foundry, and soon began to provide products to various sectors of the local textile industry.
Today, it specializes in aqua-jet entangling lines for the nonwovens sector, man-made staple fiber
production lines, through-air drying lines and textile finishing lines.

Hans-Georg Buckel and Jürgen Heller, Ph.D., will continue as managers of Fleissner, which
currently employs 350 people.

The Trützschler Group, which has subsidiaries in six countries and some 2,200 employees
globally, acquired shares of Germany-based nonwovens machinery manufacturer Erko in 2005. According
to Trützschler, Fleissner’s product line, particularly for the nonwovens sector, will complement
the Erko Trützschler line of nonwovens machinery, enabling the supply of complete lines for that

Trützschler also produces nonwovens machinery in the United States at its Charlotte-based
subsidiary, American Truetzschler, which also services the machinery. It also maintains production
and service operations in Brazil, China and India.

November 28, 2006