Sunroc Buys Cordley/Temprite Division From Elkay

April 17, 2001

The Sunroc Corp. announced the purchase of essentially all of the business and assets of the CORDLEY/Temprite bottled water cooler division from the Elkay Manufacturing Co. of Oak Brook, Ill.

"With the acquisition of the CORDLEY/Temprite line Sunroc can now offer customers one of the widest ranges of products in the industry. This acquisition also supports our strategic growth plans
in both the United States and abroad," said Anthony A. Salamone, president and chief executive officer of Sunroc.

CORDLEY/Temprite, a division of the Elkay Manufacturing Co., is engaged in the manufacture, distribution and sale of bottled water coolers, point of use coolers and related accessories. After Elkay fulfills its manufacturing obligations on behalf of Sunroc, it will close its Lanark, IL facility. Over the next several months, the CORDLEY/Temprite business will be relocated to Sunroc?s modern 250,000 square foot corporate and manufacturing headquarters in Dover, Delaware. Sunroc plans to extend offers of employment to some CORDLEY/Temprite employees.

Elkay will continue to service the retail bottled water cooler business in the United States and elsewhere and the commercial bottled water cooler markets in Asia and Australia through its Far East manufacturing relationships. Elkay?s pressure water cooler and drinking fountain manufacturing operation in Savanna, Ill., is not affected by this transaction.

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Source: Sunroc Corp.

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