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Katy Industries, Inc. Announces Acquisition of WIN
Monday August 8, 8:47 am ET

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MIDDLEBURY, Conn., Aug. 8 Katy Industries, Inc. (NYSE: KT - News) today announced that it has completed the acquisition of substantially all of the assets of Washington International Non-Wovens, LLC ("WIN"), based in Washington, GA. This transaction is an important step in the return of Katy's Abrasives business unit (operating under the Glit- Microtron and Loren names) to a leading position in the non-woven abrasives market.

"The WIN acquisition provides us with a high quality and relatively new production line that will give us more operational flexibility," said Glenn Turcotte, General Manager of Katy's Abrasives operations. "We now have additional space to better integrate the recently closed Loren abrasives facility and it also opens the possibility of a quicker integration of our Microtron facility in North Carolina into our operations in Georgia," added Mr. Turcotte.

"A key aspect of this acquisition is the return of certain lost customers as well as the ability to gain new ones," commented Anthony T. Castor III, Katy's President and Chief Executive Officer. "In addition, we will be bringing talented and experienced manufacturing personnel to our Abrasives team," remarked Mr. Castor.

This press release may contain various forward-looking statements. The forward-looking statements are based on the beliefs of Katy's management, as well as assumptions made by, and information currently available to, the company's management. Additionally, the forward-looking statements are based on Katy's current expectations and projections about future events and trends affecting the financial condition of its business. The forward-looking statements are subject to risks and uncertainties, detailed from time to time in Katy's filings with the SEC, that may lead to results that differ materially from those expressed in any forward-looking statement made by the company or on its behalf. Katy undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Katy Industries, Inc. is a diversified corporation with interests primarily in Maintenance Products and Electrical Products.







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