SPECIALTY FILAMENTS, INC., ANNOUNCES CLOSING OF BURLINGTON, VERMONTMANUFACTURING FACILITYBURLINGTON, VT-The Board of Directors of Specialty Filaments, Inc. (“SFI”)announced Friday May 20 that SFI will close its Burlington, Vermont, manufacturingplant. SFI anticipates that manufacturing operations will end at theBurlington plant between July 30, 2005 and September 30, 2005. SFI willincrease manufacturing activity at its Middlebury, Vermont location,continue to offer its full product line and expects no interruption incustomer service.The Board’s decision represents a change in the scope and direction ofSFI’s manufacturing operations. This decision will better align SFI’sfixed-cost structure with its current and anticipated future sales levels.This decision will enable SFI to be a stronger marketplace competitor andwill preserve good manufacturing jobs for Vermonters.Because of the expected increase in manufacturing activity at theMiddlebury, Vermont facility, SFI expects to increase hiring at thatlocation. Although job losses will occur in Burlington, SFI anticipatesthe possibility of making jobs available to displaced workers at theMiddlebury location.SFI has collective bargaining agreements with the UNITE! HERE union atboth the Burlington and Middlebury plants. SFI and UNITE! HERE willbargain over the effects that SFI’s decision will have on the union’smembers employed at the Burlington plant.Reggie Hockenberry, an SFI spokesman, indicated that consolidation ofmanufacturing facilities in today’s global economy is a part of the newbusiness landscape. Foreign competition and customer just-in-timemanufacturing practices require manufacturers to streamline operations andmake more with less if they want to remain competitive.Specialty Filaments, Inc., is a leading manufacturer of filaments andmolded products serving the toothbrush, cosmetic, paint, industrialcleaning, household and food service industries.