Black Clawson Management Team and Hamilton Robinson, LLC form New Co

Management Team and Hamilton Robinson, LLC form Black Clawson Converting Machinery, Inc.

Fulton, New York/August 20, 2003/ -- Black Clawson Company, Inc announced it has completed the sale of the assets of its Black Clawson Converting Machinery LLC division to a new company formed by the management team of Black Clawson Converting Machinery and investment partners, Hamilton Robinson LLC. The new company, Black Clawson Converting Machinery, Inc., will operate from its existing Fulton, New York location. The new company has offered employment to all of Black Clawson Converting Machinery LLC active employees says Company President, Mark Panozzo.

This means that the people who provide the operationally excellent products and services that you have come to expect from Black Clawson Converting Machinery will continue to do so. The relationship with Hamilton Robinson LLC provides the new company with a strong financial foundation and access to additional capital for growth opportunities.

The employees of Black Clawson Converting Machinery Inc. are very excited about this opportunity. The new company is ideally positioned and structured for continual improvement in all of its products and services. Black Clawson Converting Machinery, Inc. remains focused on technological advancement, cost reduction and reduced project time in the following product lines:

Cast Film, Extrusion Coating and Laminating, Coating and Laminating, Winding and Slitting, Extrusion Pelletizing

In addition, BC ENCOMPASS offers equipment components, equipment modifications and upgrades, replacement parts, field service, engineering services and four pilot lines for process and product development and testing in its BC Research and Technical Center.

The entire Black Clawson Converting Machinery, Inc. team is committed to meeting or exceeding our customer’s expectations with innovative products and services. Please contact your Black Clawson sales representative or any member of Black Clawson Converting Machinery, Inc. team for additional information.

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