American Securities Capital Partners Completes the Acquisition of FiberMark

FiberMark is a leading producer of fiber-based specialty materials that support global industries and applications. Products include: distinctive covering materials that express brands, inspire designs, and make lasting impressions in premium packaging and publishing; innovative technical papers and non-woven materials that are used in construction and renovation; medical supplies and electronics; and strong, durable cover stocks that meet the demanding requirements of school and office products applications. FiberMark materials have been recognized worldwide for their superior quality and consistent performance.

FiberMark has seven manufacturing facilities in the U.S., as well as an operation in the U.K. FiberMark's management team will continue the company in partnership with ASCP.

Anthony MacLaurin, President and Chief Executive Officer of FiberMark stated, "We are looking forward to investing with American Securities to further grow FiberMark. Whether through acquisitions such as our June 2007 addition of Permalin, or through innovation such as the recent launch of our 100% recycled-content Reprise line for packaging and printing, FiberMark will continue to expand both in products and in geographical markets. We relish our longstanding customer relationships while continually seeking new application and markets."

Commented Matthew LeBaron, a Managing Director at ASCP, "We are pleased to have partnered with Anthony and the rest of the senior management of the company. FiberMark is a market-leading business with highly regarded products and strong prospects for growth. We look forward to working with the outstanding management team of FiberMark to support the continued growth of the company."