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Company History

Timeline:

1971: Utilities Supply Corporation appointed by Trans Global Metals (TGM), a sub-agent for Asahi Organic Chemicals Co., Ltd. ("AOC") products for New England - Asahi Sales of New England created.

1972: TGM extends Asahi Sales of New England's territory to east coast of United States - Asahi Atlantic created. Asahi Atlantic sets up distributors for AOC product on the East Coast of the United States.

1973: AOC replaces TGM and through Ataka Trading Company appoints Utilities Supply its exclusive agent for AOC for all of United States. Tradestyle Asahi/America is established.

1974: Asahi/America commences national advertising program, sets up national distribution network, creates an AOC product catalog and develops pricing structure. Asahi/America asks AOC to produce True Union Ball Valves.

1977: Asahi/America is established as the master agent and distribution center for AOC here in the U.S. and Latin America. Asahi/America, Inc. ("A/A") is registered as an independent corporation. A/A develops national trade advertising program, full color valve catalog and technical papers. AOC enlarges A/A's territory to include Mexico, Latin America and the Caribbean.

1978: Asahi/America participates in the 1st New York Chem Show. A/A develops first 1/4 turn unidirectional electric valve actuators for AOC's Omni Series Ball Valve. Introduces at 1978 Chem Show.

1984: Asahi/America is appointed U.S. distributor of Agru Piping products of Austria.

1986: Asahi/America develops patents for double containment piping systems and commences production.

1990: Asahi/America moves to new corporate headquarters in Malden, MA.

1993: AOC and Nichimen Corp. become equity partners in Asahi/America. Air-Pro compressed air thermoplastic pipe introduced.

1994: A/A made an acquisition of the Poly-Flo production line, which manufactures double containment pipe by single extrusion.

1996: Asahi/America becomes a publicly traded company on the NASDAQ Exchange. (Symbol: ASAM) Asahi/America made an acquisition of The Vortex Universal Flow Meter Division of Universal Flow Monitors, Inc.

1997: Asahi/America expands headquarters and manufacturing operations to 100,000 square feet. Asahi/America establishes Quail Piping Products as a subsidiary.

1999: AOC purchases all Asahi/America common stock and merges A/A into it as a 100% wholly owned subsidiary.

ASAHI/AMERICA FAST FACTS

• Asahi pioneered the thermoplastic valve industry in the U.S. during the 1970's and 1980's.

• Asahi/America has established standards in the thermoplastic industry with regard to new product development and improvement, systems engineering, customer support, and scope of applications. Asahi/America has one of the industry's largest distributor networks, with nearly 1,000 locations within the United States and throughout Latin America.

• AOC continues to be one of the largest plastic valve manufacturers in the world in terms of size range, product variety and total sales.

• "One Stop Shopping" philosophy - Asahi/America is able to offer end users a turnkey approach for fluid flow systems design and equipment purchasing. With a broad product base, a large engineering and R&D staff, and 30 years of applications' experience, Asahi is able to meet virtually all requirements for thermoplastic industrial valves, controls, and pipe.