Polymer Design Acquires Montec Plastics

ROCKLAND, MA (July 31, 2000) - Polymer Design Corporation has acquired Monson, Massachusetts-based Montec Plastics, a division of Menasha Corporation. Menasha provides products and services to a wide range of major markets.

Montec Plastics offers expertise in precision molding engineering grade resins for many complex applications. Terms of the transaction were not announced. Montec has twenty-six state-of-the-art microprocessor controlled presses ranging in size from 55 to 550 tons and offers Class 100,000 clean environment molding facilities ideally suited for any contamination critical medical/biotech application. Engineering, project management, and uncompromising customer service are all areas of excellence within the company.

Polymer Design, based in Rockland, Massachusetts, specializes in rapidly manufacturing complex, high performance plastic parts. The company is recognized as the nation's leader in liquid resin casting, but it often utilizes additional processing technologies to meet the volume and cost demands of its customers.

According to Frank Lessen, President & CEO of Polymer Design, "The acquisition of Montec Plastics moves us a step closer to providing our customers with a single, expert source for all of their plastic processing requirements. We will continue to seek out acquisitions or create capabilities that fit the needs of our customer base."

Bob Coolong, General Manager of Montec Plastics stated, "We at Montec Plastics are very happy to be part of the growing Polymer Design family. The Polymer companies present our customers with rapid deliveries of competitively priced plastic parts."

Polymer Design is owned by North American Funds, partnerships of institutional investors that specialize in acquiring small businesses and developing them into significantly larger enterprises. North American, headquartered in Chicago, has acquired companies in a wide variety of industries since its formation in 1989.