Laud Collier Sponsors Oneida Molded Plastics Acquisition of ORC Plastics

Oneida Molded Plastics, LLC 104 South Warner Street, Oneida, New York 13421 Phone: 315-363-7990 Fax: 315-363-8519 Laud Collier Sponsors Oneida Molded Plastics Acquisition of ORC Plastics (Financial) Oneida Molded Plastics Acquires ORC Plastics from Reunion (Trade) ONEIDA, NY [March 8, 2006] – Oneida Molded Plastics, LLC has acquired the assets of the ORC Plastics Division of Reunion Industries, Inc. (AMEX:RUN), in a transaction sponsored by Laud Collier & Company, LLC, a New Jersey-based private equity firm. Investors in Oneida include Argosy Investment Partners, Family Capital Growth Partners and management. Oneida Molded Plastics (OMP), which has three plants in New York State and a fourth in North Carolina, provides premium injection molded plastics, high quality value-added aesthetic finishing services, and tool-making capabilities to customers in a broad range of industries. R. Barry Uber will serve as Executive Chairman of OMP’s new board. According to Uber, a former Group Executive with Ingersoll Rand Corporation and an investor in the transaction, the acquisition will provide OMP greater resources to expand its business. “Our new, strong balance sheet and access to capital will allow us to focus on operating improvements and solidifying relationships with our customers and suppliers.” Among the services OMP provides customers are ultrasonic welding, assembly, machining, pad and silkscreen printing, painting, and shielding. Markets served include medical equipment, business machines, telecommunications, recreational firearms, building materials and transportation. “We’ve built our business by solving problems often brought to us by frustrated customers of our competitors,” noted John Werner, Vice President of Engineering at OMP. He added, “We know how to build tools, shoot parts, and then add value with finishing services. It’s an integrated solution for our customers.” The principals of Laud Collier & Company have managed investments in nine plastics companies over the past 15 years, and were founding investors in Berry Plastics in 1991. “Despite playing in a highly competitive industry, with a volatile resin market, OMP has managed to consistently grow its top line and cash flow over the past several years,” notes Paul Laud, a principal of the firm. Bank financing for the transaction was provided by PNC Business Credit, a leading lender to middle-market companies. Equity capital was provided by Argosy Investment Partners (www.argosycapital.com) and Family Capital Growth Partners (www.fcgplp.com). Founded in 1989, Argosy is a licensed Small Business Investment Company with over $300 million invested and under management and has provided funding to more than 60 operating companies. Family Capital Growth Partners provides private equity capital to family owned and closely held businesses. About Laud Collier & Company Laud Collier & Company (www.lccap.com) is a private equity firm focused on acquiring controlling interests in U.S. based middle-market manufacturing, distribution and service businesses. Laud Collier believes that value in these businesses can be enhanced through acquisitions, new product introductions, and operational improvements. The firm’s Executive Council, consisting of owners and operators of middle-market companies, assist the principals in the development and execution of these value enhancement strategies. Laud Collier takes pride in building, mentoring and coaching the management teams of its portfolio companies. Press Contacts: Investor Relations: Paul Laud, Laud Collier & Company -- 973-822-1234 ext. 12, or Chuck Beeler, MRA 315-233-3000 News Media: John Werner, Oneida Molded Plastics – 315-363-7990, or Chuck Beeler, MRA 315-233-3000