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NARRATIVE DESCRIPTION <br /> <br /> ~[E CO~MPANY: Piedmont Plastics, Inc., a North Caro!ins corporation, was <br /> created in }~ay 1968 by Robert T. White and Kenneth R. Barbee, <br /> who remain sole slmreholders. The Company concentrated in <br /> the wholesale distribution of plastic sheet, rods, tubes <br /> and related stock shapes. On a less aggressive basis the <br /> Company also initially began to custom-fa~r-ic~t~e plastic <br /> products. As growth occurred and experience was-ka~ned, <br /> the Company expanded into more diversified markets wh{le <br /> continuing to strive to maintain high standards of accurate <br /> performance in producin~ parts to exact dimensional ~1d material <br /> specification. To that end large scale investments were <br /> made in the most modern, sophisticated, computerized equipment <br /> and technology. <br /> <br /> Currently the Company operates both its distribution Facility <br /> and Fabrication manufacturing From a 53,000 square foot <br /> structure located at 3653 1-85 North in Charlotte, North Carolina. <br /> Piedmont Plastics, while continuing to grow, has not lost <br /> sight of its basic philospohy to provide a high-quality product, <br /> manufactured to a high degree of accuracy, produced in a timely <br /> Fashion, sold a% competitive prices to meet customer <br /> requirements without sacrificing the safety and health of its <br /> employees, while Functioning as a good "neighbor" to the <br /> surrounding community and %0 the State of North Carolina. <br /> <br /> In meeting those goals the Company has expanded and enhanced <br /> <br /> its reputation in the industry such that a conninuation appears <br /> attainable. To achieve such growth, For both the Company and <br /> its employees, additional productive capacity must be obtained. <br /> <br /> <br />