Nilit Acquires Nylstar

Israel-based Nilit Ltd. – a global manufacturer of nylon 6,6 fibers – has acquired Nylstar Inc., a
nylon manufacturer owned by JP Morgan Chase. Nilit will acquire Nylstar’s US operations and its
nylon 6,6 plant in Martinsville, Va., which will become part of Nilit’s global production facility
network, making the company one of the largest nylon 6,6 producers worldwide. Last year, Nilit
opened a state-of-the-art nylon production facility in Suzhou, China
(See ”
Opens New Nylon Facility In Suzhou China
,” May 27, 2008)

“Nylstar is a respected manufacturer that shares Nilit’s commitment to innovation and
quality,” said Arie Gottlieb, general manager, Nilit. “Having the Martinsville facility as part of
the Nilit network will expand our ability to service our growing North American customer base, our
US partners and as well as other customers around the world.”

Nilit has named former Nylstar President Basil B. “Sonny” Walker president of Nilit US.
“Sonny’s knowledge of the North American market will help us drive Nilit’s growth on the
continent,” Gottlieb said. “In addition, Sonny’s leadership will ensure a smooth integration and
uninterrupted service for both our existing and new customers.”

“The union of Nilit and Nylstar here in the US will be extremely beneficial for our
customers,” Walker said. “Not only will this new partnership ensure ready supply but we expect even
higher levels of innovation and quality to result from this collaboration.”

Nylstar’s product line includes fully-, partially- and low-oriented yarns in a variety of
filament counts, lusters and cross-section types. Nylstar’s line will complement Nilit’s portfolio
of branded performance yarns for intimate apparel, bodywear, legwear and activewear.

May 5, 2009