Congoleum Corporation and United Steelworkers Union Reach Contract Agreement

Business Wire, Nov 9, 1998

MERCERVILLE, N.J.--(BUSINESS WIRE)--Nov. 9, 1998--Congoleum Corporation (NYSE: CGM) announced today that it has reached agreement on a new five-year labor contract with United Steelworkers Union Local 12698.

The new agreement becomes effective November 8, 1998 and covers 280 workers in Congoleum's Marcus Hook, PA sheet flooring production facility.

Roger S. Marcus, Chairman of the Board, commented, "This agreement is a positive development for all involved, and further strengthens the relationships we enjoy with our employees."

Congoleum Corporation is a leading manufacturer of resilient flooring, serving both residential and commercial markets. Its sheet, tile and plank products are available in a wide variety of designs and colors, and are used in remodeling, manufactured housing, new construction, and commercial applications.

The Congoleum brand name is recognized and trusted by consumers as representing a company that has been supplying attractive and durable flooring products for over a century.

Congoleum is a 49% owned subsidiary of American Biltrite, Inc. (AMEX: ABL).