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	<infoTable>
		<nameOfIssuer>ALLEGION, PLC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>G0176J109</cusip>
		<value>494</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3759</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>3759</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>AMERCO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>023586100</cusip>
		<value>12620</value>
		<shrsOrPrnAmt>
			<sshPrnamt>19719</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>19719</Sole>
			<Shared>0</Shared>
			<None>0</None>
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	<infoTable>
		<nameOfIssuer>ASTRONICS</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>046433108</cusip>
		<value>178</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12947</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>12947</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>BERRY PLASTICS</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>08579W103</cusip>
		<value>1287</value>
		<shrsOrPrnAmt>
			<sshPrnamt>21268</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>21268</Sole>
			<Shared>0</Shared>
			<None>0</None>
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	<infoTable>
		<nameOfIssuer>BRISTOL MYERS</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>110122108</cusip>
		<value>754</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12838</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>12838</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>BUILDERS F.S.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>12008R107</cusip>
		<value>501</value>
		<shrsOrPrnAmt>
			<sshPrnamt>9721</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>9721</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>CARRIER GLOBAL</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>14448C104</cusip>
		<value>1108</value>
		<shrsOrPrnAmt>
			<sshPrnamt>21524</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>21524</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CHASE CORP.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>16150R104</cusip>
		<value>5077</value>
		<shrsOrPrnAmt>
			<sshPrnamt>50016</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>50016</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CHEMOURS</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>163851108</cusip>
		<value>211</value>
		<shrsOrPrnAmt>
			<sshPrnamt>7400</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>7400</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>CIRCOR INT'L</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>17273K109</cusip>
		<value>291</value>
		<shrsOrPrnAmt>
			<sshPrnamt>8939</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>8939</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CONOCOPHILLIPS</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>20825C104</cusip>
		<value>2715</value>
		<shrsOrPrnAmt>
			<sshPrnamt>40216</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>40216</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>CORE MOLDINGS</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>218683100</cusip>
		<value>686</value>
		<shrsOrPrnAmt>
			<sshPrnamt>60942</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>60942</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CRANE CO.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>224399105</cusip>
		<value>1476</value>
		<shrsOrPrnAmt>
			<sshPrnamt>15616</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>15616</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>DELTA APPAREL</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>247368103</cusip>
		<value>10258</value>
		<shrsOrPrnAmt>
			<sshPrnamt>383471</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>383471</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DENNY'S CORP.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>24869P104</cusip>
		<value>676</value>
		<shrsOrPrnAmt>
			<sshPrnamt>42270</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>42270</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DUCOMMUN INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>264147109</cusip>
		<value>441</value>
		<shrsOrPrnAmt>
			<sshPrnamt>8814</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>8814</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>EASTMAN CHEM</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>277432100</cusip>
		<value>2882</value>
		<shrsOrPrnAmt>
			<sshPrnamt>28816</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>28816</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>EATON CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>G29183103</cusip>
		<value>380</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2550</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2550</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FERRO CORP.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>315405100</cusip>
		<value>3136</value>
		<shrsOrPrnAmt>
			<sshPrnamt>154868</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>154868</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>FLOTEK IND.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>343389102</cusip>
		<value>28</value>
		<shrsOrPrnAmt>
			<sshPrnamt>24435</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>24435</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>GOODYEAR TIRE</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>382550101</cusip>
		<value>1354</value>
		<shrsOrPrnAmt>
			<sshPrnamt>77371</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>77371</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HANESBRANDS</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>410345102</cusip>
		<value>1189</value>
		<shrsOrPrnAmt>
			<sshPrnamt>69930</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>69930</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HESS CORP.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>42809H107</cusip>
		<value>385</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4971</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>4971</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HUNTSMAN CORP.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>447011107</cusip>
		<value>7624</value>
		<shrsOrPrnAmt>
			<sshPrnamt>260646</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>260646</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>IEC ELECTRIC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>44949L105</cusip>
		<value>1954</value>
		<shrsOrPrnAmt>
			<sshPrnamt>132464</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>132464</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INGERSOLL RAND </nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>45687V106</cusip>
		<value>439</value>
		<shrsOrPrnAmt>
			<sshPrnamt>8790</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>8790</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INGLES MARKETS</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>457030104</cusip>
		<value>4329</value>
		<shrsOrPrnAmt>
			<sshPrnamt>66597</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>66597</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>JOHNSON OUTDR</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>479167108</cusip>
		<value>370</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3525</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>3525</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>KOPPERS HOLDING</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>50060P106</cusip>
		<value>2114</value>
		<shrsOrPrnAmt>
			<sshPrnamt>68207</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>68207</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>KRATON PERFORM</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>50077C106</cusip>
		<value>8932</value>
		<shrsOrPrnAmt>
			<sshPrnamt>200727</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>200727</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>L3 HARRIS TECH</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>502431109</cusip>
		<value>2055</value>
		<shrsOrPrnAmt>
			<sshPrnamt>9341</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>9341</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LCI INDUSTRIES</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>50189K103</cusip>
		<value>2857</value>
		<shrsOrPrnAmt>
			<sshPrnamt>21321</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>21321</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LYDALL, INC.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>550819106</cusip>
		<value>643</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10460</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>10460</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MARATHON PET.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>56585A102</cusip>
		<value>1561</value>
		<shrsOrPrnAmt>
			<sshPrnamt>25382</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>25382</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>NORTHERN TECH</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>665809109</cusip>
		<value>835</value>
		<shrsOrPrnAmt>
			<sshPrnamt>55696</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>55696</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>OLIN CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>680665205</cusip>
		<value>547</value>
		<shrsOrPrnAmt>
			<sshPrnamt>11400</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>11400</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>OSHKOSH CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>688239201</cusip>
		<value>250</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2450</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>2450</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PHILLIPS 66</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>718546104</cusip>
		<value>1575</value>
		<shrsOrPrnAmt>
			<sshPrnamt>22666</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>22666</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>Q.E.P. CO.,INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>74727K102</cusip>
		<value>3085</value>
		<shrsOrPrnAmt>
			<sshPrnamt>176306</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>176306</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>READING INT'L</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>755408101</cusip>
		<value>118</value>
		<shrsOrPrnAmt>
			<sshPrnamt>24757</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>24757</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SENSIENT TECH</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>81725T100</cusip>
		<value>330</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3666</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>3666</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>STANDEX INTL CP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>854231107</cusip>
		<value>3242</value>
		<shrsOrPrnAmt>
			<sshPrnamt>32910</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>32910</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>STEPAN CHEMICAL</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>858586100</cusip>
		<value>540</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4823</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>4823</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TOTAL SA</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>89151E109</cusip>
		<value>258</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5426</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>5426</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TRANE TECH</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>G8994E103</cusip>
		<value>1658</value>
		<shrsOrPrnAmt>
			<sshPrnamt>9638</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>9638</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TRINSEO SA</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>G9059U107</cusip>
		<value>6302</value>
		<shrsOrPrnAmt>
			<sshPrnamt>117789</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>117789</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>UFP INDUSTRIES</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>90278Q108</cusip>
		<value>285</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4250</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>4250</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>UNITED RENTALS</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>911363109</cusip>
		<value>6848</value>
		<shrsOrPrnAmt>
			<sshPrnamt>19566</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>19566</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VAALCO ENERGY</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>91851C201</cusip>
		<value>8475</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3026881</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>3026881</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>WATTS WATER</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>942749102</cusip>
		<value>2515</value>
		<shrsOrPrnAmt>
			<sshPrnamt>15017</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>15017</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>WESCO INTL</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>95082P105</cusip>
		<value>924</value>
		<shrsOrPrnAmt>
			<sshPrnamt>7900</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>7900</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LIFE STORAGE</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>53223X107</cusip>
		<value>351</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3082</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>3082</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>APARTMENT INVT</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>03748R747</cusip>
		<value>114</value>
		<shrsOrPrnAmt>
			<sshPrnamt>17500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>17500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>UNIVERSAL SEC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>913821302</cusip>
		<value>356</value>
		<shrsOrPrnAmt>
			<sshPrnamt>71272</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>71272</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
</informationTable>
