Norton Company Completes Its Acquisition of Chemfab Corporation

14 September 2000

Norton Company, a subsidiary of Compagnie de Saint-Gobain (Paris), today announced that the merger of Chemfab Corporation with a wholly owned subsidiary of Norton Company was completed on September 5th. Chemfab is now an indirect wholly owned subsidiary of Norton Company and a direct wholly owned subsidiary of Saint-Gobain performance Plastics Corporation. The merger follows the successful completion of a tender offer for the outstanding shares of Chemfab in which Norton acquired approximately 93 percent of the Chemfab common stock. Chemfab is an international manufacturer and marketer of engineered products based on its expertise and technology in flexible polymeric composite materials. Worldwide end-use applications for Chemfab's products are architectural, aerospace, communications, electrical, environmental, food processing, laboratory testing, packaging, protective systems, consumer bakeware applications, other industrial businesses, medical electronics, personal care, healthcare and specialty apparel businesses.

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