April 20, 2007
Sekisui Chemical Co., Ltd.

Sekisui America Corporation Acquires Allen Extruders

One of North America's largest, privately owned extruders joins
Kleerdex Company under Sekisui America umbrella

MOUNT LAUREL, N.J., April 19, 2007 - Sekisui America Corporation announced its acquisition of Allen Extruders, Inc., of Holland, Michigan. Founded in 1970, Allen Extruders was among North America's largest privately owned manufacturers of extruded thermoplastic sheet used in the thermoforming industry. The company's proprietary products include the Alextra™ line of high-gloss, durable thermoplastic sheet. Sekisui America is the parent company of Kleerdex Company, LLC, manufacturer of KYDEX® thermoplastic sheet. Allen Extruders and Kleerdex Company will operate independently.

“This acquisition enables Allen Extruders and Kleerdex to combine their expertise, technology, and other resources to generate original products and solutions,” said Jim Medalie, president of Kleerdex Company. Medalie will be responsible for the newly acquired company. “We will invest in both companies over the next few years to make sure they have the necessary tools to grow while providing the best customer service in the industry.”

Mike Angell, part of Allen's management team, was named general manager and will be based in Michigan. The rest of Allen Extruders' management team will remain in place, with the exception of Sam Angell, who is retiring.

“As a second-generation, family-run company, our legacy is important to us. It was important for us to find the right partner to lead us into the 21st century. We believe we found such a partner with Sekisui and Kleerdex, who will help us continue to grow and prosper for many years to come,” said Mike Angell.

“We are committed to making sure that this acquisition is as seamless as possible to our customers,” said Jim Lynn, incoming executive vice president at Allen. “Allen Extruders has a strong reputation of treating customers right and we want to assure them that the level of commitment and service will not change.”

For information about Allen Extruders, visit www.allenx.com. For information about Kleerdex and its line of KYDEX sheet, visit www.kydex.com. KYDEX is a registered trademark of Kleerdex Company, LLC.