THE GENERAL HISTORY AND BUSINESS OF ACandS

From the time it commenced operations in January 1958, ACandS Inc. ("ACandS") was an insulation contracting company, primarily engaged in the installation of thermal and mechanical insulation. In later years, ACandS also performed a significant amount of asbestos abatement and other environmental remediation work. These services were performed throughout the United States.

Since 1969, ACandS has been a wholly owned subsidiary of Irex Corporation, a holding company which also owns several subsidiaries that operate within the specialty contracting business. ACandS maintains its corporate headquarters at 120 North Lime Street, Lancaster, Pennsylvania 17602.

Certain of the products installed by ACandS between 1958 and 1974 contained asbestos. Effective January 1, 1974, ACandS adopted the policy that it would no longer handle, furnish or install friable asbestos-containing materials.