Exhibit 99.1

Index

Consolidated Financial Statements, February 28, 2003:
Consolidated Balance Sheet	1
Consolidated Statement of Operations	2
Consolidated Statement of Cash Flows	3

RBX CORPORATION

CONSOLIDATED BALANCE SHEET

February 28, 2003

(in thousands)

Unaudited

ASSETS
Cash and cash equivalents	$	599
Accounts receivable, less allowance for doubtful accounts of $1,835		22,395
Inventories		17,991
Prepaid and other current assets		1,672
Total current assets		42,657
Property, plant and equipment, net		53,979
Intangible assets		18,058
Other noncurrent assets		5,742
Total assets	$	120,436
LIABILTIES AND STOCKHOLDERS’ EQUITY
Accounts payable	$	11,754
Accrued liabilities		5,744
Current portion of postretirement benefit obligation		3,498
Current portion of long-term debt		2,000
Total current liabilities		22,996
Long-term debt		49,430
Postretirement benefit obligation		22,412
Pension benefit obligation		18,434
Other liabilities		1,704
Total liabilities		114,976
Stockholders’ equity:
Common stock, $0.001 par value, 5,000,000 shares authorized, 1,000,000 issued and outstanding		1
Additional paid-in capital		15,160
Accumulated deficit		(7,804	)
Other comprehensive loss		(1,897	)
Total stockholders’ equity		5,460
Commitments and contingencies
Total liabilities and stockholders’ equity	$	120,436

RBX CORPORATION

CONSOLIDATED STATEMENT OF OPERATIONS

For the two months ended February 28, 2003

(in thousands)

Unaudited

Net sales	$	23,335
Cost of goods sold		19,909
Gross profit		3,426
Selling, general and administrative costs		2,993
Other (income) expense		247
Operating income		186
Interest expense		819
Loss before income taxes		(633	)
Income tax expense		20
Net loss		(653	)

2

RBX CORPORATION

CONSOLIDATED STATEMENT OF CASH FLOWS

For the two months ended February 28, 2003

(in thousands)

Unaudited

OPERATING ACTIVITIES
Net loss	$	(653	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		600
Loss on disposal of equipment		247
Increase (decrease) in cash from changes in operating assets and liabilities:
Accounts receivable		274
Inventories		(1,615	)
Prepaid and other current assets		28
Accounts payable		1,012
Accrued liabilities		(1,252	)
Other liabilities		640
Liabilities subject to compromise		—
Net cash used in operating activities		(719	)
INVESTING ACTIVITIES
Capital expenditures		(101	)
Proceeds from disposals of property, plant and equipment		122
Increase in restricted cash		—
Net cash provided by investing activities		21
FINANCING ACTIVITIES
Proceeds from borrowings		24,964
Principal payments on long-term debt		(24,220	)
Net cash provided by financing activities		744
Net increase in cash and cash equivalents		46
Cash and cash equivalents:
Beginning of period		553
End of period	$	599

3