October 20, 2005

Joint Release
Dear Business Partner/Customer/Supplier,

The Lehigh Group and Wellington Cordage, LLC are pleased to announce that Lehigh has purchased the assets of the Wellington consumer cordage business, including inventory, equipment, and the Wellington brand. In conjunction with this, Wellington Cordage has changed its name to Fibrex and will remain a supplier to Lehigh as well as to its commercial customers.

As many of you already know, The Lehigh Group is a worldwide supplier of diverse but related consumer products (including cordage) to the home improvement , hardware, and mass market channels under the brand names Lehigh, Crawford, Storehorse, Ultra-Hold and M&K. The Lehigh team is very pleased to add the Wellington line of quality products to this portfolio, and have the opportunity to assume servicing the notable retail and wholesale customers currently purchasing Wellington consumer cordage products. Lehigh expects to provide all of its customers, current and new, with the very high levels of service, dependability, category management, and product innovation for which we are well known.

Because of its history and wide-spread recognition by consumers, Lehigh plans to continue to use Wellington ’s well-regarded brand. Day-to-day points of contact for Wellington consumer customers, representatives, and suppliers will remain the same until further notice. On a go forward basis, the operating relationship between the companies has been configured to ensure transparency to customers and total continuity of supply.

The commercial and industrial business of Fibrex (formerly Wellington ) is not affected by the agreement with Lehigh. Fibrex will continue to operate and service its commercial customers from its manufacturing facilities in Merida Mexico and distribution center in Madison , GA , and existing points of contact for customers, representatives and suppliers will remain unchanged until further notice.

Fred Keller
The Lehigh Group
1-800-523-9382 x 120

William Morro
Interim CEO
Fibrex (formerly Wellington )