Fibergrate is the leading manufacturer of fiberglass reinforced plastic ("FRP") components and systems (grating, walkways and stairways) used in manufacturing and processing plants where corrosion resistant, electrically non-conductive or sanitary surfaces are required. In 1996, Fibergrate was sold to a public industrial and building products company.

Chemgrate Corporation: Chemgrate, acquired by Fibergrate, is a leading manufacturer of FRP grating for the food processing, dairy, pulp and paper and transportation industries.

National Controls Corporation*

National Controls is a leading designer and manufacturer of solid-state, time-delay and temperature control devices sold to food and pollution control equipment manufacturers and electronics distributors. In 1999, National Controls was sold to a public manufactured products company.

Prince Castle, Inc.*

Prince Castle is a leading designer and manufacturer of specialized foodservice equip-ment products sold to fast food chains and other institutional foodservice companies. Products include toasters, electronic cooking timers, food dispensers, slicers and other specialty equipment for “behind the counter” needs. In 1995, Cortec’s investment in Prince Castle was sold to management.

Anaheim Manufacturing Company*

Anaheim is a leading manufacturer of residential garbage disposers sold to consumers through specialty retail and home improvement stores and to plumbing contractors through plumbing wholesalers for installation in new home construction, home remodeling and the professionally-installed replacement market. In 1998, Anaheim was sold to a privately-held manufacturer of household products.

Waste King Corporation: Waste King, acquired by Anaheim, is a designer and manufacturer of commercial and residential garbage disposal units sold through appliance dealers, food equipment distributors, specialty retailers and home improvement centers. Waste King was sold as part of Anaheim.

Axia Incorporated*

Axia is a diversified manufacturing company operating through three autonomous businesses:

Ames: The leader in automatic taping and finishing tools used by tradesmen to finish drywall. Ames operates approximately 65 retail and 50 franchise outlets in the U.S. and Canada which rent Ames tools and sell related drywall tools and supplies. Through its affiliated companies, TapeTech and Tapemaster, Ames also sells automatic taping and finishing tools.

Nestaway: The largest independent producer of coated wire racks used in dishwashers. Nestaway is also a major coated and bare wire fabricator for consumer and medical products companies.

Packaging Group: Included in this group is Fischbein, the leading manufacturer of equipment for bag closing through sewing, Nestainer, a leading manufacturer of nestable, portable, storage rack systems, and Nestaflex, a supplier of portable, expanding flexible conveyor systems. The Packaging Group manufactures in the U.S. and Belgium and operates distribution facilities in Europe, the United Kingdom and the Far East.In 1998, Axia was sold to a private investment group.

* Indicates company sold