Terram Business Update

We would like to advise you of some changes to our business. You may have heard that Fiberweb plc, our parent company, recently acquired Boddingtons Ltd. Boddingtons was both a significant supplier and customer of growing importance to Terram with a clear strategic fit. Following a review period we can announce the following changes to the structure of our business.

Fiberweb has formed a new Geosynthetics Division which comprises not only Terram and the Boddingtons businesses in the UK, the US, Australia and Germany but also Fiberweb’s Typar business in the US and Fiberweb’s global DefenCell business.  These businesses have a strong background and proven history within the sector operating from six sites across the globe.

The new Geosynthetics Division will be headed up by John Warner (formerly CEO of Boddingtons Ltd, now called Fiberweb Geosynthetics Ltd). John will be supported by a management team comprising experienced people from throughout the businesses that comprise the new division.

Fiberweb Geosynthetics Ltd will continue to operate from its site in Maldon, Essex. Terram’s management, accounting functions and customer services are currently being transferred to Maldon whilst certain parts of its manufacturing will start to be moved to Maldon over the next few months.  As from 1 April 2011, Terram will commence trading under the name Fiberweb Geosynthetics.

We will be providing the same products and service levels on which we have built our reputation in the industry. All our contact details remain the same for the time being and we will keep you up to date on further changes through direct contact and through our website.

We would like to take this opportunity to thank you for being one of our valued customers. We appreciate your understanding in this matter and look forward to developing our new business with your ongoing support.

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