<PAGE>
--------------------------------------------------------------------------------
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                                   FORM 10-Q
                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549

                            ------------------------

  /X/    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
         SECURITIES EXCHANGE ACT OF 1934

                  FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1999
                                       OR

  / /    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
         SECURITIES EXCHANGE ACT OF 1934

        FOR THE TRANSITION PERIOD FROM ______________ TO ______________

                        COMMISSION FILE NUMBER 333-57099

                           CCPC HOLDING COMPANY, INC.

                                  (Registrant)

                  DELAWARE                             16-1403318
  ----------------------------------------  ---------------------------------
          (State of incorporation)           (I.R.S. Employer Identification
                                                          No.)

      ONE PYREX PLACE, ELMIRA NEW YORK                    14902
  ----------------------------------------  ---------------------------------
  (Address of principal executive offices)             (Zip Code)

Registrant's telephone number, including area code: 607-377-8605

                            ------------------------

    Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months and (2) has been subject to the filing
requirements for at least the past 90 days. Yes /X/  No / /

    Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date:

    24,000,000 shares of CCPC Holding Company, Inc.'s, $0.01 Par Value, were
outstanding as of August 13, 1999.

--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
<PAGE>
                         PART I--FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

    Index to condensed consolidated financial statements of CCPC Holding
Company, Inc. filed as part of this report:

<TABLE>
<CAPTION>
                                                                                                                PAGE
                                                                                                                -----

<S>                                                                                                          <C>
Condensed Consolidated Statements of Operations for the three months and six months ended June 30, 1999 and
  1998.....................................................................................................           3

Condensed Consolidated Balance Sheets at June 30, 1999 and December 31, 1998...............................           4

Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 1999 and 1998............           5

Condensed Consolidated Statement of Changes in Stockholder's Equity for the six months ended June 30,
  1999.....................................................................................................           7

Notes to Condensed Consolidated Financial Statements.......................................................           8
</TABLE>

                                       2
<PAGE>
                           CCPC HOLDING COMPANY, INC.

                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

                    (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

<TABLE>
<CAPTION>
                                                           THREE MONTHS ENDED             SIX MONTHS ENDED
                                                      ----------------------------  ----------------------------
                                                        JUNE 30,       JUNE 30,       JUNE 30,       JUNE 30,
                                                          1999           1998           1999           1998
                                                      -------------  -------------  -------------  -------------
<S>                                                   <C>            <C>            <C>            <C>
REVENUES
    Net sales.......................................  $     108,548  $     112,931  $     221,777  $     229,469
DEDUCTIONS
    Cost of sales...................................         69,461         74,019        145,100        151,780
    Selling, general and administrative expenses....         36,843         37,218         72,828         74,775
    Provision for restructuring costs...............             --             --         76,200             --
    Transaction related expenses....................             --         27,227             --         28,611
    Other, net......................................         (1,167)          (619)        (1,919)          (470)
                                                      -------------  -------------  -------------  -------------
Operating income (loss).............................          3,411        (24,914)       (70,432)       (25,227)
Interest expense....................................         10,078         10,855         19,956         12,429
                                                      -------------  -------------  -------------  -------------
Loss before taxes on income.........................         (6,667)       (35,769)       (90,388)       (37,656)
Income tax (benefit) expense........................           (103)           (13)          (377)         1,718
                                                      -------------  -------------  -------------  -------------
Loss before minority interest.......................         (6,564)       (35,756)       (90,011)       (39,374)
Minority interest (expense) income in subsidiary....           (110)            79           (108)           115
                                                      -------------  -------------  -------------  -------------
Net loss............................................         (6,674)       (35,677)       (90,119)       (39,259)
Preferred stock dividends...........................         (1,013)          (900)        (1,996)          (900)
                                                      -------------  -------------  -------------  -------------
NET LOSS APPLICABLE TO COMMON STOCK.................  $      (7,687) $     (36,577) $     (92,115) $     (40,159)
                                                      -------------  -------------  -------------  -------------
                                                      -------------  -------------  -------------  -------------
BASIC AND DILUTED LOSS PER COMMON SHARE.............  $       (0.32) $       (1.52) $       (3.84) $       (1.67)
                                                      -------------  -------------  -------------  -------------
                                                      -------------  -------------  -------------  -------------
Weighted average number of common shares outstanding
  during the period.................................     24,000,000     24,000,000     24,000,000     24,000,000
</TABLE>

        The accompanying notes are an integral part of these statements.

                                       3
<PAGE>
                           CCPC HOLDING COMPANY, INC.

                     CONDENSED CONSOLIDATED BALANCE SHEETS

                    (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

<TABLE>
<CAPTION>
                                                                                         JUNE 30,    DECEMBER 31,
                                                                                           1999          1998
                                                                                        -----------  ------------
<S>                                                                                     <C>          <C>
                                                     ASSETS
CURRENT ASSETS
    Cash and cash equivalents.........................................................  $     2,974   $    9,057
    Accounts receivable, net of allowances -- $5,857/1999; $11,172/1998...............       47,222       62,511
    Inventories, net..................................................................      142,707      132,035
    Prepaid expenses and other current assets.........................................        6,299        7,412
    Deferred taxes on income..........................................................        8,213        8,181
                                                                                        -----------  ------------
        Total current assets..........................................................      207,415      219,196
                                                                                        -----------  ------------
PROPERTY AND EQUIPMENT, NET...........................................................       99,379      141,402
DEFERRED TAXES ON INCOME..............................................................       40,848       40,867
GOODWILL, NET OF ACCUMULATED AMORTIZATION $7,351/1999; $8,369/year-end 1998...........       45,682       58,717
OTHER ASSETS..........................................................................       36,725       35,077
                                                                                        -----------  ------------
        TOTAL ASSETS..................................................................  $   430,049   $  495,259
                                                                                        -----------  ------------
                                                                                        -----------  ------------
                                      LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
    Current portion of long term debt.................................................  $     2,570   $    3,986
    Accounts payable and accrued expenses.............................................       66,551      100,338
    Restructuring reserve.............................................................       18,441           --
                                                                                        -----------  ------------
        Total current liabilities.....................................................       87,562      104,324
                                                                                        -----------  ------------
LONG-TERM DEBT........................................................................      470,571      433,656
ACCRUED POSTRETIREMENT LIABILITY......................................................       33,528       31,432
OTHER LIABILITIES.....................................................................        6,806        4,599
MINORITY INTEREST IN SUBSIDIARY COMPANY...............................................          853          745
COMMITMENTS (NOTE 7)
STOCKHOLDERS' EQUITY
Preferred Stock -- 5,000,000 shares authorized; 1,200,000 shares issued...............       34,778       32,782
Common Stock -- $0.01 par value/45,000,000 shares authorized; 24,000,000 shares
  issued..............................................................................          240          240
Contributed capital...................................................................      453,655      453,655
Accumulated deficit...................................................................     (656,128)    (564,013)
Cumulative translation adjustment.....................................................       (1,816)      (2,161)
                                                                                        -----------  ------------
        Total stockholders' (deficit).................................................     (169,271)     (79,497)
                                                                                        -----------  ------------
        TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY....................................  $   430,049   $  495,259
                                                                                        -----------  ------------
                                                                                        -----------  ------------
</TABLE>

        The accompanying notes are an integral part of these statements.

                                       4
<PAGE>
                           CCPC HOLDING COMPANY, INC.

                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                                 (IN THOUSANDS)

<TABLE>
<CAPTION>
                                                                                                  SIX MONTHS ENDED
                                                                                               ----------------------
                                                                                                JUNE 30,    JUNE 30,
                                                                                                  1999        1998
                                                                                               -----------  ---------
<S>                                                                                            <C>          <C>
CASH FLOWS (USED IN) OPERATING ACTIVITIES:
  Net loss...................................................................................   $ (90,119)  $ (39,259)
  Adjustments to reconcile net loss to net cash used in operating activities:
    Depreciation and amortization............................................................      15,543      17,989
    Amortization of deferred financing fees..................................................         842         364
    Minority interest in losses(earnings) of subsidiary......................................         108        (115)
    Loss on disposition of plant and equipment...............................................          71         122
    Deferred tax assets......................................................................         (13)      3,906
    Provision for restructuring expenses, net of cash paid...................................      74,041          --
    Provision for postretirement benefits, net of cash paid..................................       1,471       2,118
  Changes in operating assets and liabilities:
    Accounts receivable......................................................................      15,289      23,324
    Inventories..............................................................................     (15,029)    (26,950)
    Prepaid expenses and other current assets................................................       1,113      (1,599)
    Accounts payable and accrued expenses....................................................     (33,794)     (6,052)
    Other liabilities........................................................................        (459)      5,646
                                                                                               -----------  ---------
        NET CASH USED IN OPERATING ACTIVITIES................................................     (30,936)    (20,506)
                                                                                               -----------  ---------
CASH FLOWS USED IN INVESTING ACTIVITIES:
  Additions to property and equipment and other assets.......................................     (10,646)     (8,049)
  Other, net.................................................................................          --         102
                                                                                               -----------  ---------
        NET CASH USED IN INVESTING ACTIVITIES................................................     (10,646)     (7,947)
                                                                                               -----------  ---------
Cash flows provided by financing activities:
    Borrowings on revolving credit facility..................................................      38,900      77,000
    Borrowings of long-term debt other than revolving credit facility........................          --     400,000
    Repayment of long-term debt other than revolving credit facility.........................      (3,401)     (1,806)
    Interim financing........................................................................          --     471,600
    Repayment of interim financing...........................................................          --    (471,600)
    Dividend to Corning Incorporated.........................................................          --    (472,600)
    (Decrease) increase in net amounts due to Corning Incorporated...........................          --     (87,142)
    Shareholder capital contribution.........................................................          --     103,324
    Issuance of preferred stock..............................................................          --      30,000
    Issuance of common stock.................................................................          --         240
    Deferred financing fees..................................................................          --     (14,993)
                                                                                               -----------  ---------
        NET CASH PROVIDED BY FINANCING ACTIVITIES............................................      35,499      34,023
                                                                                               -----------  ---------
Net (decrease) increase in cash..............................................................      (6,083)      5,570
Cash and cash equivalents at beginning of year...............................................       9,057       4,345
                                                                                               -----------  ---------
CASH AND CASH EQUIVALENTS AT END OF PERIOD...................................................   $   2,974   $   9,915
                                                                                               -----------  ---------
                                                                                               -----------  ---------
SUPPLEMENTAL DATA:
Income taxes paid, net.......................................................................   $     573   $     335
Interest paid................................................................................   $  17,228   $  11,172
Non-cash activity:
  Increase to deferred taxes resulting from the Recapitalization.............................   $      --   $  13,471
  Adjustment to postretirement liability for amounts assumed by Corning......................   $      --   $  31,998
  Adjustment to pension liability for amounts assumed by Corning.............................   $      --   $  17,669
  Adjustment to accounts payable for liabilities retained by Corning.........................   $      --   $   7,913
  Preferred stock dividends..................................................................   $   1,996   $     900
</TABLE>

        The accompanying notes are an integral part of these statements.

                                       5
<PAGE>
                           CCPC HOLDING COMPANY, INC.

      CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

                                 (IN THOUSANDS)

<TABLE>
<CAPTION>
                                                                                                   ACCUMULATED      TOTAL
                                                                                                      OTHER      STOCKHOLDERS'
                                              PREFERRED     COMMON     CONTRIBUTED  ACCUMULATED   COMPREHENSIVE   (DEFICIT)
                                                STOCK        STOCK       CAPITAL      DEFICIT        INCOME         EQUITY
                                             -----------  -----------  -----------  ------------  -------------  ------------
<S>                                          <C>          <C>          <C>          <C>           <C>            <C>
Balance, December 31, 1998.................   $  32,782    $     240    $ 453,655    $ (564,013)    $  (2,161)    $  (79,497)
Net Loss...................................                                             (90,119)                     (90,119)
Foeign currency translation adjustment, net
  of tax...................................                                                               345            345
Preferred stock dividends..................       1,996                                  (1,996)                          --
                                             -----------       -----   -----------  ------------  -------------  ------------
Balance, June 30, 1999.....................   $  34,778    $     240    $ 453,655    $ (656,128)    $  (1,816)    $ (169,271)
</TABLE>

        The accompanying notes are an integral part of these statements.

                                       6
<PAGE>
                           CCPC HOLDING COMPANY, INC.

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

               (DOLLARS IN THOUSANDS, UNLESS OTHERWISE INDICATED)

(1) NATURE OF OPERATIONS AND BASIS OF PRESENTATION

    CCPC Holding Company, Inc. (CCPC or the Company) is a leading manufacturer
and marketer of housewares, including bakeware, dinnerware and rangetop
cookware. The Company believes that its brands, including
Corningware-Registered Trademark-, Pyrex-Registered Trademark-,
Revereware-Registered Trademark-, and Visions-Registered Trademark-, constitute
one of the broadest and best recognized collection of brands in the U.S.
housewares industry.

    Pursuant to Regulation 15(d) of the Securities Act of 1934, CCPC is filing
herein its quarterly report on Form 10-Q which includes the second fiscal
quarter of the year ended December 31, 1999. The consolidated financial
statements reflect all adjustments which, in the opinion of management, are
necessary for a fair statement of the results of operations and financial
position for the interim periods presented. All such adjustments are of a normal
recurring nature. The consolidated financial statements have been compiled
without audit and are subject to such year-end adjustments as may be considered
appropriate by the registrant and should be read in conjunction with CCPC's Form
10-K for the year ended December 31, 1998 which has been filed with the
Securities and Exchange Commission.

    Subsequent to April 1, 1998, Corning Consumer Products Company changed its
name to CCPC Holding Company, Inc. The consolidated balance sheet at June 30,
1999, the consolidated statements of operations for the three and six months
ended June 30, 1999, and the consolidated statement of cash flows for the six
months ended June 30, 1999, reflect the Recapitalization (see Note 2). The
consolidated statement of operations for the six months ended June 30, 1998, and
the consolidated statement of cash flows for the six months ended June 30, 1998,
include results of CCPC as a wholly-owned subsidiary of Corning Incorporated
(Corning) prior to the Recapitalization.

(2) RECAPITALIZATION

    On March 2, 1998, Corning, CCPC, Borden, Inc., and CCPC Acquisition Corp.
entered into a Recapitalization Agreement.

    On April 1, 1998, pursuant to the Recapitalization Agreement, CCPC
Acquisition Corp. acquired 22,080,000, or 92%, of the outstanding shares of
common stock of CCPC from Corning for $110.4 million. CCPC then borrowed $471.6
million and paid a cash dividend to Corning of $472.6 million. Corning retained
1,920,000, or 8%, of the outstanding shares of common stock of CCPC. Also on
April 1, 1998, CCPC issued and sold 1,200,000 shares of junior preferred stock
to CCPC Acquisition Corp. for $30.0 million. CCPC paid an additional $10.2
million to Corning in July 1998 relating to certain provisions of the
Recapitalization Agreement.

(3) RESTRUCTURING

    In the first quarter of 1999 CCPC initiated a plan to restructure its
manufacturing and supply organization as part of a program designed to reduce
costs through the elimination of under-utilized capacity, unprofitable product
lines and increased utilization of the remaining facilities.

    The restructuring includes the discontinuation of the commercial tableware
product line, which is sold to restaurants and other institutions, and closure
of the related portion of CCPC's manufacturing facility in Charleroi,
Pennsylvania. In order to optimize the utilization of the Charleroi facility,
CCPC is in the process of moving Corelle-Registered Trademark- cup production to
its Martinsburg, West Virginia facility and to third party suppliers. In
addition, CCPC's supply contract with Corning's Greenville, Ohio facility will
be terminated and Pyrex-Registered Trademark- production will be consolidated at
the Charleroi facility. Additionally, CCPC will

                                       7
<PAGE>
                           CCPC HOLDING COMPANY, INC.

        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

               (DOLLARS IN THOUSANDS, UNLESS OTHERWISE INDICATED)

(3) RESTRUCTURING (CONTINUED)
discontinue manufacturing rangetop cookware and close its manufacturing and
distribution center in Clinton, Illinois. Future supply of rangetop cookware
will be sourced from third party manufacturers.

    The cash and non cash elements of the restructuring charge approximate $20.6
million and $55.6 million, respectively. Details of the restructuring charge are
as follows.

<TABLE>
<CAPTION>
                                            APPLIED TO      BEGINNING                 BALANCE AT
                            RESTRUCTURING  BALANCE SHEET  RESTRUCTURING     CASH       JUNE 30,
                               CHARGE        ACCOUNTS        ACCURAL       CHARGES       1999
                            -------------  -------------  -------------  -----------  -----------
<S>                         <C>            <C>            <C>            <C>          <C>
Disposal of assets........   $    53,200     $  53,200     $        --    $      --    $      --
Employee severance and
  termination.............        18,047         2,400          15,647        1,511       14,136
Other exit costs..........         4,953            --           4,953          648        4,305
                            -------------  -------------  -------------  -----------  -----------
                             $    76,200     $  55,600     $    20,600    $   2,159    $  18,441
                            -------------  -------------  -------------  -----------  -----------
                            -------------  -------------  -------------  -----------  -----------
</TABLE>

    The tangible assets of the Clinton, Illinois facility and the commercial
tableware product line have been written off. All intangible asset carrying
values associated with the Clinton facility and the commercial tableware product
line have been eliminated. The tangible and intangible assets written off
totaled $40.9 million and $12.3 million, respectively. Management judgement is
involved in estimating the tangible assets fair value, accordingly, actual
results could vary significantly from such estimates. As part of the
restructuring initiative , approximately 600 employees are in the process of
being terminated. The termination results in a pension and post retirement
benefit charge of $2.4 million. CCPC expects the restructuring plan to be
completed early in 2000.

    The commercial tableware product line generated net sales of $2.5 million
and $4.2 million in the second quarter and six months ended June 30, 1998,
respectively, prior to its discontinuance. Year to date June 30, 1999 commercial
tableware net sales totaled $1.8 million, the majority of which occurred in the
first quarter. Operating income for the product line was break even in 1999 and
1998.

(4) INVENTORIES

    Inventories shown on the accompanying balance sheets were comprised of the
following

<TABLE>
<CAPTION>
                                                                      JUNE 30,   DECEMBER 31,
                                                                        1999         1998
                                                                     ----------  ------------
<S>                                                                  <C>         <C>
Finished goods.....................................................  $   77,627   $   68,869
Work in process....................................................      49,936       44,821
Raw materials......................................................       9,056        7,720
Supplies and packing materials.....................................       6,088       10,625
                                                                     ----------  ------------
                                                                     $  142,707   $  132,035
                                                                     ----------  ------------
                                                                     ----------  ------------
</TABLE>

                                       8
<PAGE>
                           CCPC HOLDING COMPANY, INC.

        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

               (DOLLARS IN THOUSANDS, UNLESS OTHERWISE INDICATED)

(5) RELATED PARTY TRANSACTIONS

    The following transactions with related parties are included in the
consolidated statements of income for the three and six months ended June 30,
1999 and 1998:

<TABLE>
<CAPTION>
                                                          THREE MONTHS ENDED
                                                                                     SIX MONTHS ENDED
                                                       ------------------------  ------------------------
                                                        JUNE 30,     JUNE 30,     JUNE 30,     JUNE 30,
                                                          1999         1998         1999         1998
                                                       -----------  -----------  -----------  -----------
<S>                                                    <C>          <C>          <C>          <C>
Interest expense from Corning........................          --           --           --    $   1,574
Interest expense to Borden, Inc. and an
  affiliate of Borden, Inc...........................          --    $   2,368           --        2,368
Centralized services.................................       1,063        3,650        3,486        8,135
Management fees to Corning...........................          --           --           --          437
Management fees to Borden............................   $     375          375    $     750          375
</TABLE>

    For the three and six months ended June 30, 1999 and 1998, Corning Inc.
provided and continues to provide certain administrative and operating support
(reflected above as centralized services) including financial services,
information systems support, risk management, purchasing, transportation,
benefit plans administration, and engineering services. Prior to the
Recapitalization, CCPC was charged for this support using various allocation
bases including number of employees, related payroll costs, and direct efforts
expended. These costs, which are included in cost of sales and selling, general,
and administrative expenses, are currently charged to CCPC by Corning under a
transition service agreement using negotiated rates agreed upon by the
management of CCPC. Management believes that the methodology used to allocate
the costs is reasonable, but may not necessarily be indicative of the costs that
would have been incurred has these functions been performed by CCPC.

    Prior to the Recapitalization, amounts due to and from Corning resulting
from intercompany transactions carried interest at a rate based on the 30-day
London Interbank Offered Rate (LIBOR) plus 3/8%.

    CCPC paid Corning $437 in management fees in the first quarter of 1998. CCPC
currently pays Borden a management fee of $375 per quarter.

(6) COMPREHENSIVE INCOME

    As of January 1, 1998, CCPC implemented Financial Accounting Standard No.
130, "Reporting Comprehensive Income." This pronouncement, which is solely a
financial statement presentation standard, requires CCPC to disclose non-owner
changes included in stockholders' equity but not included in net earnings.

    Comprehensive income was computed as follows:

<TABLE>
<CAPTION>
                                                  THREE MONTHS ENDED       SIX MONTHS ENDED
                                                ----------------------  ----------------------
                                                 JUNE 30,    JUNE 30,    JUNE 30,    JUNE 30,
                                                   1999        1998        1999        1998
                                                ----------  ----------  ----------  ----------
<S>                                             <C>         <C>         <C>         <C>
Net loss......................................  $   (6,674) $  (35,677) $  (90,119) $  (39,259)
Foreign currency translation adjustments......         213        (585)        132        (417)
                                                ----------  ----------  ----------  ----------
Comprehensive income..........................  $   (6,461) $  (36,262) $  (89,987) $  (39,676)
                                                ----------  ----------  ----------  ----------
                                                ----------  ----------  ----------  ----------
</TABLE>

                                       9
<PAGE>
                           CCPC HOLDING COMPANY, INC.

        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

               (DOLLARS IN THOUSANDS, UNLESS OTHERWISE INDICATED)

(7) COMMITMENTS

    The company is a defendant or plaintiff in various claims and lawsuits
arising in the normal course of business. The company believes, based upon
information it currently possesses, and taking into account established reserves
for estimated liabilities and its insurance coverage, that the ultimate outcome
of the proceedings and actions is unlikely to have a material adverse effect on
the company's financial position or results of operations.

                                       10
<PAGE>
ITEM 2.

                      MANAGEMENT'S DISCUSSION AND ANALYSIS
                OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
               (DOLLARS IN THOUSANDS, UNLESS OTHERWISE INDICATED)

RESULTS OF OPERATIONS

BACKGROUND

    CCPC Holding Co. Inc. (CCPC or the Company) is a leading manufacturer and
marketer of oven/ bakeware, dinnerware and rangetop cookware. The Company has
strong positions in major channels of distribution for its products in North
America and has also achieved a significant presence in certain international
markets, primarily Asia, Australia and Latin America. In North America, CCPC
sells both on a wholesale basis to retailers, distributors, and other accounts
that resell the Company's products and on a retail basis through
Company-operated outlet stores. In the international market, CCPC has
established its presence through an international sales force along with
localized distribution and marketing capabilities.

    Prior to April 1, 1998 CCPC operated as a wholly-owned subsidiary of Corning
Inc. (Corning). During this period, Corning provided CCPC with certain
process-oriented administrative services, such as benefits administration,
accounts payable, accounts receivable, treasury and tax services. Corning has
agreed pursuant to a transition services agreement to continue to provide such
services for up to two years at negotiated rates (expiring in April 2000)
calculated on the same basis as before April 1, 1998. CCPC is developing its
administrative infrastructure and is in the process of assuming these functions
previously performed by Corning or outsourcing them to third parties.

    THREE MONTHS ENDED JUNE 30, 1999 VERSUS THREE MONTHS ENDED JUNE 30, 1998

<TABLE>
<CAPTION>
                                                                    THREE MONTHS ENDED
                                                             ---------------------------------
                                                              JUNE 30,    JUNE 30,
                                                                1999        1998      CHANGE
                                                             ----------  ----------  ---------
<S>                                                          <C>         <C>         <C>
NET SALES
  North America............................................  $   87,479  $   96,110  $  (8,631)
  Asia.....................................................      13,363       8,521      4,842
  Other International......................................       7,706       8,300       (594)
                                                             ----------  ----------  ---------
    Net Sales..............................................  $  108,548  $  112,931  $  (4,383)
                                                             ----------  ----------  ---------
                                                             ----------  ----------  ---------

OPERATING INCOME(1)........................................
  North America............................................  $     (382) $    1,854  $  (2,236)
  Asia.....................................................       3,499        (355)     3,854
  Other International......................................         294         814       (520)
  Transaction Related Expense..............................          --     (27,227)    27,227
                                                             ----------  ----------  ---------
    Operating Income.......................................  $    3,411  $  (24,914) $  28,325
                                                             ----------  ----------  ---------
                                                             ----------  ----------  ---------
</TABLE>

------------------------

(1) All manufacturing variances and corporate overhead costs are included in
    North America

OVERVIEW

    Net sales decreased $4.4 million or 3.9% from the second quarter 1998,
principally due to the timing of certain promotional programs at major retail
customers and the discontinuation of sales of commercial tableware. Absent the
transactions related expenses, incurred in the second quarter 1998,

                                       11
<PAGE>
operating results improved $1.1 million in 1999 versus 1998. The improvement is
a result of a more profitable product mix and administrative cost savings.
partially offset by weaker sales in the North American retail trade and the
Company-operated outlet stores.

<TABLE>
<CAPTION>
                                                             THREE MONTHS ENDED
                                                --------------------------------------------
                                                 JUNE 30,   % OF NET    JUNE 30,   % OF NET
                                                   1999       SALES       1998       SALES
                                                ----------  ---------  ----------  ---------
<S>                                             <C>         <C>        <C>         <C>
Net sales.....................................  $  108,548   100.0%    $  112,931   100.0%
Cost of sales.................................      69,461    64.0%        74,019    65.5%
                                                ----------  ---------  ----------  ---------
Gross profit..................................      39,087    36.0%        38,912    34.5%

SG&A..........................................      36,843    33.9%        37,218    33.0%
Transactions related expenses.................          --     0.0%        27,227    24.1%
Other, net....................................      (1,167)   (1.1)%         (619)   (0.5)%
                                                ----------  ---------  ----------  ---------
Operating income (loss).......................       3,411     3.1%       (24,914)  (22.1)%
Interest expense..............................      10,078     9.3%        10,855     9.6%
                                                ----------  ---------  ----------  ---------
Loss before taxes on income...................      (6,667)   (6.1)%      (35,769)  (31.7)%
Income tax expense............................        (103)   (0.1)%          (13)    0.0%
                                                ----------  ---------  ----------  ---------
Loss before minority interest.................      (6,564)   (6.0)%      (35,756)  (31.7)%
Minority interest in subsidiary...............        (110)   (0.1)%           79     0.1%
                                                ----------  ---------  ----------  ---------
Net loss......................................      (6,674)   (6.1)%      (35,677)  (31.6)%
                                                ----------  ---------  ----------  ---------
                                                ----------  ---------  ----------  ---------
EBITDA, excluding restructuring and
  transaction related expenses................      11,006    10.1%        11,313    10.0%
                                                ----------  ---------  ----------  ---------
                                                ----------  ---------  ----------  ---------
</TABLE>

SALES

    Net sales decreased $4.4 million or 3.9% in the second quarter of 1999
versus the second quarter of 1998.

    Asia continued to rebound from 1998 downturns as net sales exceeded the
prior year by $4.8 million. The significant improvement resulted primarily from
the continued recovery of Asian economic conditions. In the first half of 1999
Asia also benefited from the successful introduction of new
Corelle-Registered Trademark- patterns and new distribution channels for
Corningware-Registered Trademark-.

    The increase in Asian sales was more than offset by a reduction at major
retail customers in the United States, primarily as a result of the timing of
promotional driven sales, and discontinuation of sales of commercial tableware.

GROSS PROFIT

    Gross profit as a percentage of net sales was 36.0% in 1999, compared to the
1998 gross profit percentage of 34.5%. The improvement is primarily a result of
efficiencies and cost reductions gained at the Company's manufacturing
facilities. The cost reductions were partially driven by the manufacturing
rationalization announced in the first quarter.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

    Selling, general and administrative expenses decreased $0.4 million in 1999
compared to 1998. The net decrease in selling, general and administrative
expenses is a result of the separation from Corning. CCPC now operates as an
independent company versus a wholly-owned subsidiary of Corning and is in the
process of transitioning certain administrative functions from Corning. As an
independent company CCPC is able to perform many of the administrative tasks
previously performed by Corning at a

                                       12
<PAGE>
significantly lower cost. These savings were partially offset by an increase in
expenses to support new products and the growth of existing products.

    Selling, general and administrative expenses increased as a percentage of
net sales to 33.9% in 1999 from 33.0% in 1998 due to fixed costs being spread
over a lower sales base.

TRANSACTIONS RELATED EXPENSES

    Transactions related expenses of $27.2 million recorded in 1998 were
associated with the Recapitalization (see Note 2 of Notes to Condensed
Consolidated Financial Statements).

OTHER, NET

    Other operating income increased $0.5 million in 1999 as a result of an
increase in the amount of royalty income in 1999 compared to 1998. During 1998
the Company licensed certain of its trademarks for use in conjunction with
several household items which were outside the Company's strategic product
portfolio. Income from this activity commenced in 1999.

OPERATING INCOME

    As a result of the factors discussed above, operating income increased by
$28.3 million to income of $3.4 million in 1999 from a loss of $24.9 million in
1998. Excluding the transaction related expense, operating income improved by
$1.1 million over 1998.

NET INTEREST EXPENSE

    Interest expense decreased $0.8 million to $10.1 million from $10.9 million
in 1998. The decrease is attributable to higher debt levels in the second
quarter of 1998 as the Company incurred substantial indebtedness associated with
the Recapitalization.

INCOME TAX EXPENSE

    The $0.1 million income tax benefit in 1999 is as a result of the losses
incurred in the period. The Company did not recognize the benefit of the current
period operating loss as realization of the net operating loss carry-forward is
not certain. The valuation allowance on the net operating loss carry-forward was
increased to reflect this uncertainty.

    EBITDA, EXCLUDING RESTRUCTURING AND TRANSACTIONS RELATED EXPENSES (EARNINGS
BEFORE NET INTEREST EXPENSE, INCOME TAXES, DEPRECIATION AND AMORTIZATION,
RESTRUCTURING EXPENSES, TRANSACTIONS RELATED EXPENSES AND MINORITY INTEREST)
EBITDA for the three months ended June 30, 1999 decreased by $0.3 million or
0.3% compared to the same period of the prior year. EBITDA as a percentage of
net sales increased to 10.1% in 1999 from 10.0% in 1998. The cost savings
realized in selling, general and administrative expenses as a result of the
separation from Corning partially offset the weakness in sales and increased
advertising expenses described above.

                                       13
<PAGE>
      SIX MONTHS ENDED JUNE 30, 1999 VERSUS SIX MONTHS ENDED JUNE 30, 1998

<TABLE>
<CAPTION>
                                                                     SIX MONTHS ENDED
                                                            ----------------------------------
                                                             JUNE 30,    JUNE 30,
                                                               1999        1998       CHANGE
                                                            ----------  ----------  ----------
<S>                                                         <C>         <C>         <C>
NET SALES
  North America...........................................  $  184,182  $  198,321  $  (14,139)
  Asia....................................................      22,488      13,276       9,212
  Other International.....................................      15,107      17,872      (2,765)
                                                            ----------  ----------  ----------
    Net Sales.............................................  $  221,777  $  229,469  $   (7,692)
                                                            ----------  ----------  ----------
                                                            ----------  ----------  ----------
OPERATING INCOME(1)
  North America...........................................  $     (771) $      (50) $     (721)
  Asia....................................................       5,401         310       5,091
  Other International.....................................       1,138       3,124      (1,986)
  Restructuring...........................................     (76,200)         --     (76,200)
  Transaction Related Expense.............................          --     (28,611)     28,611
                                                            ----------  ----------  ----------
    Operating Income......................................  $  (70,432) $  (25,227) $  (45,205)
                                                            ----------  ----------  ----------
                                                            ----------  ----------  ----------
</TABLE>

------------------------

(1) All manufacturing variances and corporate overhead costs are included in
    North America

    Net sales decreased $7.7 million or 3.4% from the first half of 1998,
principally due to the timing of promotional programs at major retail customers
and lower sales at the Company-operated outlet stores partially offset by the
continued recovery of the Asian markets. The operating loss includes a $76.2
million charge to restructure certain domestic manufacturing operations (see
Note 3 to the Condensed Consolidated Financial Statements). Absent the
restructuring charge incurred in the first quarter of 1999 and the transactions
related expenses incurred in the first half of 1998, operating results improved
$2.4 million in 1999 versus 1998. The improvement is a result of the
strengthening of

                                       14
<PAGE>
Asian markets versus depressed 1998 levels and administrative cost savings,
partially offset by lower sales in the North American retail trade and the
Company-operated outlet stores.

<TABLE>
<CAPTION>
                                                              SIX MONTHS ENDED
                                                --------------------------------------------
                                                 JUNE 30,   % OF NET    JUNE 30,   % OF NET
                                                   1999       SALES       1998       SALES
                                                ----------  ---------  ----------  ---------
<S>                                             <C>         <C>        <C>         <C>
Net sales.....................................  $  221,777   100.0%    $  229,469   100.0%
Cost of sales.................................     145,100    65.4%       151,780    66.1%
                                                ----------  ---------  ----------  ---------
Gross profit..................................      76,677    34.6%        77,689    33.9%

SG&A..........................................      72,828    32.8%        74,775    32.6%
Provisions for restructuring costs............      76,200    34.4%            --     0.0%
Transactions related expenses.................          --     0.0%        28,611    12.5%
Other, net....................................      (1,919)   (0.9)%         (470)   (0.2)%
                                                ----------  ---------  ----------  ---------
Operating loss................................     (70,432)  (31.8)%      (25,227)  (11.0)%
Interest expense..............................      19,956     9.0%        12,429     5.4%
                                                ----------  ---------  ----------  ---------
Loss before taxes on income...................     (90,388)  (40.8)%      (37,656)  (16.4)%
Income tax (benefit) expense..................        (377)   (0.2)%        1,718     0.7%
                                                ----------  ---------  ----------  ---------
Loss before min. int..........................     (90,011)  (40.6)%      (39,374)  (17.2)%
Minority interest in subsidiary...............        (108)    0.0%           115     0.1%
                                                ----------  ---------  ----------  ---------
    Net loss..................................     (90,119)  (40.6)%      (39,259)  (17.1)%
                                                ----------  ---------  ----------  ---------
                                                ----------  ---------  ----------  ---------
EBITDA, excluding restructuring and
  transactions related expenses...............      21,311     9.6%        21,373     9.3%
                                                ----------  ---------  ----------  ---------
                                                ----------  ---------  ----------  ---------
</TABLE>

SALES

    Net sales decreased $7.7 million or 3.4% in first half of 1999 versus the
first half of 1998.

    Asia improved over depressed 1998 levels as net sales exceeded the prior
year by $9.2 million. The increase was primarily due to improved Asian economic
conditions. In the first half of 1999 Asia also benefited from the successful
introduction of new Corelle-Registered Trademark- patterns and new distribution
channels for Corningware-Registered Trademark- in the first half of 1999.

    The increase was more than offset by lower sales to certain wholesale
customers in the United States, a first quarter sales shortfall at
company-operated outlet stores and a reduction in sales to other international
markets, primarily Latin America and discontinuation of commercial tableware
sales. The reduction at certain wholesale customers is primarily a result of the
timing of promotional driven sales.

    Company-operated outlet stores sales were lower than 1998 principally as a
result of the closure of several clearance stores and inclement weather. In the
first quarter of 1999 CCPC closed a number of clearance stores as part of a plan
to improve overall profitability. Additionally, the success of the Company's
1998 inventory reduction program has resulted in lower close-out sales at the
outlet stores. Store traffic was negatively impacted by severe weather
conditions in the first quarter of 1999 compared to 1998.

    Lower sales in Latin America, principally Mexico, are primarily a result of
unfavorable economic conditions in 1999.

GROSS PROFIT

    Gross profit as a percentage of net sales was 34.6% in 1999, compared to
33.9% in 1998. The improvement is primarily a result of efficiencies and cost
reductions gained at the Company's

                                       15
<PAGE>
manufacturing facilities and the benefit of the manufacturing rationalization
announced in the first quarter.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

    Selling, general and administrative expenses decreased $1.9 million in 1999
compared to 1998. The net decrease in selling, general and administrative
expenses is a result of the separation from Corning. CCPC now operates as an
independent company versus a wholly-owned subsidiary of Corning and is in the
process of transitioning certain administrative functions from Corning Inc. As
an independent company CCPC is able to perform many of the administrative tasks
previously performed by Corning at a significantly lower cost. These savings
were partially offset by an increase in advertising expenses to support new
products and the growth of existing products.

    Selling, general and administrative expenses increased as a percentage of
net sales to 32.8% in 1999 from 32.6% in 1998 due to fixed costs being spread
over a lower sales base.

RESTRUCTURING

    In the first quarter of 1999 the Company recorded a $76.2 million charge
relating to the restructuring of CCPC's manufacturing and supply organization
designed to reduce costs through the elimination of under-utilized capacity,
unprofitable product lines and increased utilization of the remaining facilities
(see Note 3 to the Condensed Consolidated Financial Statements). Management
believes that the changes covered by this plan will increase the Company's
ability to compete in the future by reducing manufacturing and distribution
costs and by opening up diverse sources of supply both in the United States and
internationally.

TRANSACTIONS RELATED EXPENSES

    Transactions related expenses of $28.6 million recorded in 1998 were
associated with the Recapitalization (see Note 2 of Notes to Consolidated
Financial Statements).

OTHER, NET

    Other operating income increased $1.4 million in 1999 as a result of an
increase in the amount of royalty income in 1999 versus 1998. During 1998 the
Company licensed certain of its trademarks for use in conjunction with several
household items which were outside the Company's strategic product portfolio.
Income from this activity commenced in 1999.

OPERATING INCOME

    As a result of the factors discussed above, operating loss increased by
$45.2 million to a loss of $70.4 million in 1999 from a loss of $25.2 million in
1998. Excluding the impact of the restructuring and transactions related
expenses operating income increased by $2.4 million to $5.8 million in 1999 from
$3.4 million in 1998.

NET INTEREST EXPENSE

    Interest expense increased $7.6 million to $20.0 million from $12.4 million
in 1998. The increase is attributable to higher debt levels related to the
Recapitalization, which occurred on April 1, 1998. The debt associated with the
Recapitalization was not drawn until the second quarter of 1998.

INCOME TAX EXPENSE

    The $0.4 million income tax benefit in 1999 is as a result of the losses
incurred in the period. The Company did not recognize the benefit of the current
period operating loss as realization of the net

                                       16
<PAGE>
operating loss carry-forward is not certain. The valuation allowance on the net
operating loss carry-forward was increased to reflect this uncertainty.

    EBITDA (EARNINGS BEFORE NET INTEREST EXPENSE, INCOME TAXES, DEPRECIATION AND
AMORTIZATION, RESTRUCTURING EXPENSES, TRANSACTIONS RELATED EXPENSES AND MINORITY
INTEREST) EBITDA for the six months ended June 30, 1999 remained flat compared
to the same period of the prior year. EBITDA as a percentage of net sales
increased to 9.6% in 1999 from 9.3% in 1998. The cost savings realized in
selling, general and administrative expenses as a result of the separation from
Corning more than offset the weakness in sales and increased advertising
expenses described above.

LIQUIDITY AND CAPITAL RESOURCES

RECAPITALIZATION

    On March 2, 1998, Corning, Borden, the Company and CCPC Acquisition entered
into the Recapitalization Agreement, pursuant to which on April 1, 1998 CCPC
Acquisition acquired 92.0% of the outstanding shares of Common Stock of the
Company from Corning for $110.4 million. The stock acquisition was financed by
an equity investment in CCPC Acquisition by BW Holdings, an affiliate of KKR and
the parent company of Borden and CCPC Acquisition. Pursuant to the
Recapitalization Agreement, on the closing date prior to the consummation of the
stock acquisition, CCPC paid a cash dividend to Corning of $472.6 million. On
July 10, 1998, post-closing adjustments to the cash dividend were agreed upon by
CCPC and Corning, and CCPC distributed $10.2 million to Corning. As a result of
the Recapitalization, Corning continues to hold 8.0% of the outstanding shares
of common stock.

FINANCING ARRANGEMENTS

    CCPC incurred substantial indebtedness as a result of the Recapitalization.
On April 1, 1998, CCPC entered into an interim financing agreement with Borden
and BW Holdings, an affiliate of Borden, providing $471.6 million in financing
at 9.5% maturing December 31, 1998. The interim financing was repaid in May 1998
with the proceeds of borrowings under senior credit facilities from a syndicate
of banks and other financial institutions and the issuance of senior
subordinated notes in a private placement. On October 23, 1998, CCPC exchanged
the privately placed senior subordinated notes for 9 5/8% Series B Senior
Subordinated Notes due 2008 (the "Notes") which have been registered under the
Securities Act.

    The senior credit facilities provide term loans of $200.0 million and a
revolving credit facility of up to $275.0 million of which $200.0 million and
$68.3 million respectively, were outstanding at June 30, 1999. The senior credit
facilities provide for nominal annual amortization of the term loans and final
maturity in 2006. The senior credit facilities contain provisions under which
interest rates on the term loans and the revolving credit loans are adjusted in
increments based on the rate of consolidated total debt to adjusted cash flow.
At June 30, 1999, the term loan rate was at 7.00% and the weighted average
interest rate for the revolving credit facility was 6.80%. The commitments for
revolving credit loans expire in 2005. CCPC expects that its working capital
needs and other requirements will require it to obtain replacement revolving
credit facilities at that time. The 9 5/8% Series B Senior Subordinated Notes
carry a principal amount of $200.0 million and mature in 2008. The Notes are
subordinate and junior in right of payment to all existing and future senior
indebtedness of the CCPC, including all indebtedness under the senior credit
facilities.

    The obligations of the Company under the Notes and the indenture relating to
the Notes have not been guaranteed by subsidiaries of the Company. The credit
facilities contain numerous financial and operating covenants that will limit
the discretion of the Company's management with respect to certain business
matters. These covenants place significant restrictions on, among other things,
the ability of the Company to incur additional indebtedness, pay dividends and
other distributions, prepay

                                       17
<PAGE>
subordinated indebtedness, enter into sale and leaseback transactions, create
liens or other encumbrances, make capital expenditures, make certain investments
or acquisitions, engage in certain transactions with affiliates, sell or
otherwise dispose of assets and merge or consolidate with other entities and
otherwise restrict corporate activities. The credit facilities also require the
Company to meet certain financial ratios and tests. The credit facilities and
the indenture contain customary events of default.

    The credit facilities contain numerous financial and operating covenants. In
addition, the credit facilities also require the company to meet certain
financial ratios and tests including a ratio of debt to EBITDA and EBITDA to
cash interest expense (where EBITDA represents adjusted cash flow as described
more fully in the credit facilities). CCPC was in compliance with its covenants
at June 30, 1999.

CASH FLOWS

    In 1999, CCPC's operating activities used cash of $30.9 million compared to
$20.5 during the same period in 1998. Cash generated as a result of the
Company's inventory reduction program was more than offset by the deferral of
certain payments until the first quarter of 1999 as a result of tightened cash
management initiatives taken late in 1998. Investing activities used cash of
$10.6 million in 1999 compared to $7.9 million in 1998 due primarily to the
capitalization of costs associated with the implementation of a comprehensive
enterprise-wide resource management system. Net cash generated in financing
operations totaled $35.5 million for 1999 compared to $34.0 million for the same
period in 1998 as a result of borrowings needed to fund working capital.

    CCPC currently believes that cash flow from operating activities, together
with borrowings available under the revolving credit facility, will be
sufficient to fund CCPC's currently anticipated working capital requirements,
capital expenditures, interest payments and scheduled principal payments. Any
future acquisitions, joint ventures or other similar transactions will likely
require additional capital and there can be no assurance that any such capital
will be available to CCPC on acceptable terms or at all.

INVENTORY REDUCTION PROGRAM

    In the third quarter of 1998 CCPC implemented an ongoing inventory reduction
program. The year on year impact of the program is as follows:

<TABLE>
<CAPTION>
                                                                         JUNE 30,    JUNE 30,
                                                                           1999        1998
                                                                        ----------  ----------
<S>                                                                     <C>         <C>
Finished goods........................................................  $   77,627  $   72,493
Work in process.......................................................      49,936      69,214
Raw materials.........................................................       9,056       9,094
Supplies and packing materials........................................       6,088      13,435
                                                                        ----------  ----------
                                                                        $  142,707  $  164,236
                                                                        ----------  ----------
                                                                        ----------  ----------
</TABLE>

    Inventories have been reduced by $21.5 million at June 1999 in comparison to
June 1998. The inventory reduction program has had the effect of improving cash
flow and reducing inventory carrying costs.

RESTRUCTURING

    In the first quarter of 1999 CCPC initiated a plan to restructure its
manufacturing and supply organization designed to reduce costs through the
elimination of under-utilized capacity, unprofitable product lines and increased
utilization of the remaining facilities. Management believes that the changes
will increase the Company's ability to compete by opening up diverse sources of
supply both in the United States and internationally.

                                       18
<PAGE>
    The restructuring includes the discontinuation of the commercial tableware
product line and closure of the related portion of CCPC's manufacturing facility
in Charleroi, Pennsylvania. In order to optimize the utilization of the
Charleroi facility, CCPC will move Corelle-Registered Trademark- cup production
to its Martinsburg, West Virginia facility and to third party suppliers, CCPC's
supply contract with Corning's Greenville, Ohio facility will be terminated and
Pyrex-Registered Trademark- production will be consolidated at the Charleroi
facility. Additionally, CCPC will discontinue manufacturing rangetop cookware
and close its manufacturing and distribution center in Clinton, Illinois. Future
supply will be sourced from third party manufacturers.

    The cash and non cash elements of the restructuring charge approximate $20.6
million and $55.6 million, respectively. The Company has spent $2.2 million in
cash on the program to date. The cash charges will primarily be incurred in the
third and fourth quarters of 1999.

SUBSEQUENT EVENT

    On August 2, 1999 the CCPC Acquisition Corp. (the parent of the Company)
announced the signing of a definitive merger agreement for CCPC Acquisition
Corp. to acquire General Housewares Corp. in a transaction valued at
approximately $145 million, including assumption of debt.

    On August 5, 1999 CCPC Acquisition Corp. announced the signing of a
definitive merger agreement for CCPC Acquisition Corp. to acquire the publicly
traded EKCO Group. The transaction is valued at approximately $300 million,
including the assumption of debt. The transactions are expected to close by the
end of the third quarter or early in the fourth quarter of 1999.

    It is anticipated that General Housewares Corp. and EKCO Group, after
certain asset divestitures, will become part of CCPC Holding Company Inc., the
registrant. Although specifics have yet to be determined, CCPC Holding Company,
Inc. anticipates financing the acquisition through a combination of its existing
credit facilities and/or an equity contribution.

IMPACT OF THE YEAR 2000 ISSUE

OVERVIEW

    The year 2000 issue is the result of computer programs written using two
digits rather than four to define the applicable year. Any of CCPC's computer
programs that have date-sensitive software may recognize a date using "00" as
the year 1900 rather than the year 2000. This could result in a system failure
or miscalculations causing disruptions of operations including, among other
things, a temporary inability to process transactions, send invoices, or engage
in similar normal business activities. If not addressed, the Year 2000 issue
could have a material adverse impact on the business operations and financial
results of the Company.

    To address this issue, CCPC's Year 2000 Program is a risk-based plan divided
into three phases that are being executed by both internal and external
resources. These phases are: Phase I--an inventory of all systems, assigning a
business priority for each system and performing a preliminary assessment of
Year 2000 susceptibility; Phase II--completion of a detailed Year 2000
susceptibility analysis and development of remediation plans and contingency
plans; and Phase III--implementation of the remediation plans and, if necessary,
contingency plan(s) and completing final system testing.

    The Year 2000 efforts are divided into three areas that include, (1) systems
being replaced by new enterprise-wide system implementations; (2) systems that
will not be replaced by the new enterprise-wide system implementations,
including non-information technology systems such as plant process controls; and
(3) external suppliers and customers. A discussion of each area of activity
relative to the three phased approach follows.

                                       19
<PAGE>
ENTERPRISE-WIDE SYSTEMS

    As of June 30, 1999, CCPC substantially completed all of the implementation
of the enterprise-wide resource management system. The enterprise-wide system
versions are represented to be Year 2000 compliant by the vendor. Due to the
relative complexity and importance of the existing business and accounting
systems to ongoing operations, the new enterprise-wide system implementations
will address the significant majority of CCPC's internal Year 2000 risk
associated with business applications.

OTHER SYSTEMS

    As of June 30, 1999, CCPC completed substantially all of the needed
remediation work for these other systems. For the systems not to be replaced by
enterprise-wide implementations, Phase I is complete, Phase II is substantially
complete, and Phase III remediation has begun.

SUPPLIERS AND CUSTOMERS

    CCPC is in the final phase of the plan to assess and address the risks
related to third party suppliers and customers. As a result of initial
inquiries, supplier and customer responses have been received. These responses
are being evaluated and appropriate procedures will be performed to determine
the extent to which CCPC may be vulnerable to the failure of third parties to
resolve their own Year 2000 issues. Efforts related to suppliers and customers,
including development of contingency plans where appropriate, are targeted for
refinement by September 30, 1999. Although the CCPC systems do not rely
significantly on systems of other companies, CCPC cannot provide assurance that
failure of third parties to address the Year 2000 issue will not have an adverse
impact on business operations and results.

BUSINESS CONTINUATION TEAMS

    To optimize and integrate contingency planning, business continuation teams
have been formed at major operational locations to perform cross-functional risk
assessment and develop appropriate, concerted contingency plans commensurate
with perceived probability of failure and adverse financial impact.

COSTS

    Significant investments in enterprise-wide information systems have been
made since 1996 that will total approximately $16.5 million by December 31,
1999. The cost to make the remaining systems Year 2000 compliant is estimated to
be $0.6 million. As of June 30, 1999, CCPC had incurred costs of approximately
$16.0 million for enterprise-wide systems and approximately $0.4 million for
other systems and efforts.

RISKS

    Due to the general uncertainty inherent in the Year 2000 problem, including
the uncertainty associated with suppliers and customers, the potential effect of
the Year 2000 issue on the financial results and condition of CCPC has not been
measured. CCPC intends its Year 2000 Program, as described above, to be
completed on a timely basis so as to significantly reduce the level of
uncertainty and the impact on business operations and financial results.
Contingency plans have been and will continue to be developed and implemented to
mitigate Year 2000 risks and the effect of Year 2000 issues. These contingency
plans generally include remediation of existing business systems in the event
the enterprise-wide implementations are delayed. To date, some of these
contingency plans have been implemented to reduce the risk of potential delays
in enterprise-wide system implementations.

                                       20
<PAGE>
    Readers are cautioned that forward-looking statements contained in the Year
2000 Update should be read in conjunction with the disclosure under the heading:
"Forward-Looking and Cautionary Statements".

FORWARD-LOOKING AND CAUTIONARY STATEMENTS

    The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for certain forward-looking statements. The factors discussed below,
among others, could cause actual results to differ materially from those
contained in forward-looking statements made in this report, including without
limitation, in "Management's Discussion and Analysis of Financial Condition and
Results of Operations," in the Company's related press releases and in oral
statements made by authorized officers of the Company. When used in this report,
any press release or oral statement, the words "looking forward," "estimate,"
"project," "anticipate," "expect," "intend," "believe" and similar expressions
are intended to identify a forward-looking statement. Forward-looking statements
are not guarantees of future performance and are subject to risks, uncertainties
and other factors (many of which are beyond the Company's control) that could
cause actual results to differ materially from future results expressed or
implied by such forward-looking statements. The forward-looking statements
regarding such matters are based on certain assumptions and analyses made by the
Company in light of its experience and its perception of historical trends,
current conditions and expected future developments, as well as other factors it
believes are appropriate in the circumstances. Whether actual results and
developments will conform with the Company's expectations and predictions,
however, is subject to a number of risks and uncertainties, in addition to the
risk factors discussed above, including: a global economic slowdown in any one,
or all, of the Company's sales categories; loss of sales as the Company
streamlines and focuses on strategic accounts; unpredictable difficulties or
delays in the development of new product programs; increased difficulties in
obtaining a consistent supply of basic raw materials such as sand, soda ash,
steel or copper and energy inputs such as electrical power or natural gas at
stable pricing levels; development by the Company of an adequate administrative
infrastructure; technological shifts away from the Company's technologies and
core competencies; unforeseen interruptions to the Company's business with its
largest customers resulting from, but not limited to, financial instabilities or
inventory excesses; the effects of extreme changes in monetary and fiscal
policies in the United States and abroad, including extreme currency
fluctuations and unforeseen inflationary pressures such as those recently
experienced by certain Asian economies; drastic and unforeseen price pressures
on the Company's products or significant cost increases that cannot be recovered
through price increases or productivity improvements; significant changes in
interest rates or in the availability of financing for the Company or certain of
its customers; loss of any material intellectual property rights; any
difficulties in obtaining or retaining the management or other human resource
competencies that the Company needs to achieve its business objectives; and
other factors, many of which are beyond the control of the Company.
Consequently, all of the forward-looking statements made in this Form 10-Q are
qualified by these cautionary statements, and there can be no assurance that the
actual results or developments anticipated by the Company will be realized or,
even if substantially realized, that they will have the expected consequences to
or effects on the Company and its subsidiaries or their business or operations.

ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

    CCPC has market risk in the areas of foreign currency and fixed interest
rate debt.

    Currency exchange fluctuations could significantly affect CCPC's foreign
sales and earnings. The increased strength of the U.S. dollar has, in 1999, and
may in future periods, increase the effective price of the Company's products
sold in U.S. dollars with the result of materially adversely affecting sales.
CCPC's costs are predominantly denominated in U.S. dollars. Thus, with respect
to sales conducted in foreign currencies, increased strength of the U.S. dollar
decreases CCPC's reported

                                       21
<PAGE>
revenues and margins in respect of such sales to the extent CCPC is unable or
determines not to increase local currency prices.

    At June 30, 1999, CCPC held foreign exchange contracts in Canadian and
Australian dollars totaling a notional amount of $3.3 million. The contracts are
less than 90 days in length and as of June 30, 1999 the fair value of the
contracts approximated the notional amount.

                           PART II--OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

    There are no pending legal proceedings which are material in relation to the
consolidated financial statements of CCPC.

    CCPC has been engaged in, and will continue to be engaged in, the defense of
product liability claims related to its products, particularly its bakeware and
cookware product lines. The company maintains product liability coverage,
subject to certain deductibles and maximum coverage levels that the company
believes is adequate and in accordance with industry standards.

    In addition to product liability claims, from time to time the company is
involved in various legal actions in the ordinary course of business. The
company is not currently involved in any legal actions which, in the belief of
management, could have a material adverse impact on the company.

ITEM 5.  OTHER INFORMATION

    Subsequent to June 30, 1999, CCPC Acquisition Corp. (the parent of CCPC
Holding Company Inc.) announced definitive merger agreements for the acquisition
of General Housewares Corp. and EKCO Group. See Exhibit 99 to the Form 10-Q.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

    (a) Exhibits

       See the Exhibit Index which is located on page 24.

    Other items under Part II are not applicable.

                                       22
<PAGE>
                                   SIGNATURES

    Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

<TABLE>
<S>                             <C>  <C>
                                CCPC HOLDING COMPANY, INC.
                                ---------------------------------------------
                                (Registrant)
</TABLE>

<TABLE>
<C>                                           <S>
              August 13, 1999                 /s/ PETER F. CAMPANELLA
-------------------------------------------   ---------------------------------------------
                    Date                      Peter F. Campanella
                                              President and Chief Executive Officer

              August 13, 1999                 /s/ ANTHONY P. DEASEY
-------------------------------------------   ---------------------------------------------
                    Date                      Anthony P. Deasey
                                              Senior Vice President--Finance and
                                              Chief Financial Officer
</TABLE>

                                       23
<PAGE>
                           CCPC HOLDING COMPANY, INC.

                                 EXHIBIT INDEX

    This exhibit is numbered in accordance with Exhibit Table I of Item 601 of
Regulation S-K

<TABLE>
<CAPTION>
                                                                                                         PAGE NUMBER IN
                                                                                                         MANUALLY SIGNED
  EXHIBIT #                                         DESCRIPTION                                             ORIGINAL
-------------  --------------------------------------------------------------------------------------  -------------------
<C>            <S>                                                                                     <C>
         27    Financial Data Schedule...............................................................
       99.1    Press Release.........................................................................
       99.2    Press Release.........................................................................
</TABLE>

                                       24