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Chemline Acquires Steelcote

Maritime Activity Reports, Inc.

September 1, 2006

Chemline acquired the assets of Steelcote Manufacturing Incorporated, manufacturer of various coating and mastic applications for steel and non-ferrous metals, concrete, masonry, polyester fiberglass, glass, wood and glazed tile surfaces. Under the Chemline umbrella, Steelcote will add an extensive line of products that range from heavy-duty floor coatings, to anti-corrosive tank coatings and specialty concrete repair products. Details of the sale were not released. The Steelcote brand name will continue to be used.

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