American Securities Acquires FiberMark Holdings, LLC

NEW YORK—American Securities Capital Partners, LLC (American Securities) and management announced today that they have completed the acquisition of FiberMark. Terms of the transaction were not disclosed. FiberMark is a 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 with the company in partnership with American Securities.

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-percent 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 American Securities, “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.”