FOR IMMEDIATE RELEASE

Aug. 26, 2014

MEDIA CONTACT Peter Smolowitz

Psmolowitz@mower.com 704.916.6163

Milliken Acquires Pipe Wrap, Inc.

Acquisition expands Milliken’s fiber-reinforced polymer business, helps serve the growing oil and gas infrastructure repair market

SPARTANBURG, S.C. – Milliken announced today the acquisition of the assets of Pipe Wrap, Inc., by its subsidiary Milliken Infrastructure Solutions, LLC. Pipe Wrap is a leader in the design and construction of composite materials for pipe repairs, providing custom solutions for structural reinforcement, leak repair, and corrosion prevention. The acquisition is the latest in the expansion of the company’s fiber-reinforced polymer business, serving both steel and concrete structures. “We are excited about the addition of Pipe Wrap’s wide range of custom-engineered solutions to Milliken’s portfolio of industry-leading products,” said Dale Willis, vice president of Milliken’s building and infrastructure business. “Whether it’s concrete restoration or facility and pipeline maintenance, Milliken continuously explores new materials and methods that save time and money when rehabilitating, repairing, or strengthening infrastructure.” Pipe Wrap is headquartered in Houston, Texas and has operations in Denver, Colorado. Its two U.S. patents, with four pending, add to Milliken’s patent collection, one of the largest held by a private company. “Pipe Wrap began in 1998 as an idea for a quick-fix pipe repair kit. It’s exciting to see it has grown into a leading business that is now part of a great company like Milliken,” said Pipe Wrap CEO Genevieve Withers. “Pipe Wrap complements Milliken’s approach as an innovative solutions provider benefiting the oil and gas industry, as well as other infrastructure markets.” For Milliken Infrastructure Solutions, the announcement follows the June 2014 acquisition of the assets of Edge Structural Composites, Inc., which produces strengthening systems for structural upgrades, corrosion repairs, seismic strengthening, and other applications. Milliken Infrastructure Solutions’ products include Concrete Cloth fabric, MaxCell innerduct, Geopolymers, along with additional innovative approaches to strengthening structures. About Milliken Milliken is an innovation company that has been exploring, discovering, and creating ways to enhance people’s lives since 1865. Our community of innovators has developed one of the largest collections of patents held by a private company. With expertise across a breadth of disciplines including specialty chemicals, floor coverings, and performance materials, we work around the world to add value to people’s lives, improve health and safety, and help make the world more sustainable. For more information, visit www.milliken.com or infrastructure.milliken.com. About Pipe Wrap Pipe Wrap designs and manufactures pipeline repair systems to address structure rehabilitation of high pressure pipes. Investments in R&D and technology allow Pipe Wrap to provide innovative products that carry multiple third party engineering certifications. For more information, visit www.piperepair.net.