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Conwed Acquires Polynet

May 23, 2006

Conwed, Minneapolis, MN, a supplier of high-performance netting, has acquired Palmer, MA-based Polynet Inc. The company manufactures extruded plastic netting for packaging of produce, meat, poultry, toys and specialty items.

"The Polynet acquisition allows us to expand our netting capabilities
in the food product packaging market," said Mark Lewry, CEO and president of Conwed. "By integrating Polynet, we will extend our comprehensive offering of netting products." Conwed plans to integrate Polynet manufacturing with another recently acquired company, NSW, a manufacturer of plastic netting products for packaging and filtration located in Roanoke, VA.
   
John Scobo, president of Polynet, will join the Conwed management
team. Polynet will be the fifth acquisition Conwed has completed in the
plastics industry within the past three years.

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