<PAGE>


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

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                    FORM 10-Q


     (Mark One)

         X               QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
    -----------           OF THE SECURITIES EXCHANGE ACT OF 1934
                        For the quarterly period ended June 30, 2001
                                       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 001-14789


                                   GENTEK INC.
             (Exact name of Registrant as specified in its charter)


                Delaware                                       02-0505547
     (State of other jurisdiction of                        (I.R.S. Employer
     incorporation or organization)                      Identification Number)

              Liberty Lane
         Hampton, New Hampshire                                   03842
(Address of principal executive offices)                       (Zip Code)



       Registrant's telephone number, including area code: (603) 929-2264


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 (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.               Yes   X          No
                                                    -------         -------

The number of shares of Common Stock outstanding at July 31, 2001 was
20,427,506. The number of shares of Class B Common Stock outstanding at July 31,
2001 was 4,750,107.


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



<PAGE>



                                   GENTEK INC.

                                    FORM 10-Q

                      QUARTERLY PERIOD ENDED JUNE 30, 2001

                                      INDEX


<TABLE>
<CAPTION>
                                                                                      Page No.
                                                                                      --------
<S>                                                                                   <C>
PART I.  FINANCIAL INFORMATION:

     Item 1.  Financial Statements

         Consolidated Statements of Operations - Three Months and
         Six Months Ended June 30, 2001 and 2000....................................      1

         Consolidated Balance Sheets - June 30, 2001 and
          December 31, 2000.........................................................      2

         Consolidated Statements of Cash Flows - Six Months
          Ended June 30, 2001 and 2000..............................................      3

         Notes to the Consolidated Financial Statements.............................    4-15

     Item 2.  Management's Discussion and Analysis of Financial
               Condition and Results of Operations..................................    16-18

     Item 3. Quantitative and Qualitative Disclosures about Market Risk.............     18

PART II.  OTHER INFORMATION:

     Item 1.  Legal Proceedings.....................................................     19

     Item 2.  Changes in Securities and Use of Proceeds.............................     19

     Item 3.  Defaults upon Senior Securities.......................................     19

     Item 4.  Submission of Matters to a Vote of Security Holders...................     19

     Item 5.  Other Information.....................................................     19

     Item 6.  Exhibits and Reports on Form 8-K......................................     19

     SIGNATURES.....................................................................     20
</TABLE>




<PAGE>



                          Part I. Financial Information


Item 1. Financial Statements


                                   GENTEK INC.

                      CONSOLIDATED STATEMENTS OF OPERATIONS
                  (Dollars in thousands, except per share data)
                                   (unaudited)

<TABLE>
<CAPTION>
                                                                  Three Months Ended            Six Months Ended
                                                                       June 30,                     June 30,
                                                                       --------                     --------
                                                                  2001          2000           2001          2000
                                                                  ----          ----           ----          ----
<S>                                                           <C>           <C>            <C>           <C>
Net revenues.................................................   $ 319,474      $364,858      $ 659,436      $707,703
Cost of sales................................................     263,981       263,078        527,548       515,542
Selling, general and administrative expense..................      80,170        52,278        135,081       105,711
Restructuring and impairment charges.........................     108,018          --          108,018          --
                                                                ---------      --------      ---------      --------
      Operating profit (loss)................................    (132,695)       49,502       (111,211)       86,450
Interest expense.............................................      18,631        18,191         37,491        36,399
Interest income..............................................         262           366            458           605
Other (income) expense, net..................................          79        (2,486)        (1,684)       (2,714)
                                                                ---------      --------      ---------      --------
      Income (loss) before income taxes......................    (151,143)       34,163       (146,560)       53,370
Income tax provision (benefit)...............................     (48,714)       13,022        (46,606)       22,588
                                                                ---------      --------      ---------      --------
           Net income (loss).................................   $(102,429)     $ 21,141      $ (99,954)     $ 30,782
                                                                =========      ========      =========      ========



Earnings (loss) per common share - basic:....................   $   (4.03)     $    .84      $   (3.94)     $   1.29
                                                                =========      ========      =========      ========

Earnings (loss) per common share - assuming dilution:........   $   (4.03)     $    .82      $   (3.94)     $   1.25
                                                                =========      ========      =========      ========
</TABLE>


      See the accompanying notes to the consolidated financial statements.


                                       -1-




<PAGE>



                                   GENTEK INC.

                           CONSOLIDATED BALANCE SHEETS
                  (Dollars in thousands, except per share data)

                                     ASSETS

<TABLE>
<CAPTION>
                                                                                        June 30,      December 31,
                                                                                          2001             2000
                                                                                        --------      ------------
                                                                                       (unaudited)
<S>                                                                                       <C>               <C>
Current assets:
     Cash and cash equivalents..................................................    $      10,536     $       4,459
     Receivables, net...........................................................          199,886           230,983
     Inventories................................................................          134,216           147,160
     Deferred income taxes......................................................           47,054            23,778
     Other current assets.......................................................           18,758            16,255
                                                                                    -------------     -------------
         Total current assets...................................................          410,450           422,635
Property, plant and equipment, net..............................................          408,286           459,606
Goodwill, net...................................................................          333,129           376,505
Deferred income taxes...........................................................           68,441            30,521
Other assets....................................................................           47,646            61,455
                                                                                    -------------     -------------
         Total assets...........................................................    $   1,267,952     $   1,350,722
                                                                                    =============     =============


                      LIABILITIES AND EQUITY (DEFICIT)

Current liabilities:
     Accounts payable...........................................................       $  113,892        $  120,134
     Accrued liabilities........................................................          143,055           134,972
     Current portion of long-term debt..........................................           28,809            25,562
                                                                                       ----------        ----------
         Total current liabilities..............................................          285,756           280,668
Long-term debt..................................................................          828,611           793,250
Other liabilities...............................................................          225,713           229,146
                                                                                       ----------        ----------
         Total liabilities......................................................        1,340,080         1,303,064
                                                                                       ----------        ----------
Equity (deficit):
     Preferred Stock, $.01 par value; authorized 10,000,000 shares;
       none issued or outstanding...............................................             --                --
     Common Stock, $.01 par value; authorized 100,000,000 shares;
       issued:   20,513,255 and 20,362,558 shares at
       June 30, 2001 and December 31, 2000, respectively........................              205               204
     Class B Common Stock, $.01 par value; authorized
       40,000,000 shares; issued and outstanding: 4,750,107 shares
       at June 30, 2001 and December 31, 2000...................................               48                48
     Paid in capital............................................................            3,903             3,710
     Accumulated other comprehensive loss.......................................          (26,476)           (9,175)
     Retained earnings (deficit)................................................          (48,724)           53,745
     Treasury stock, at cost:   85,749 and  63,847 shares at June 30, 2001
       and December 31, 2000, respectively......................................           (1,084)             (874)
                                                                                       ----------        ----------
         Total equity (deficit).................................................          (72,128)           47,658
                                                                                       ----------        ----------
         Total liabilities and equity (deficit).................................       $1,267,952        $1,350,722
                                                                                       ==========        ==========
</TABLE>


      See the accompanying notes to the consolidated financial statements.


                                      -2-




<PAGE>



                                   GENTEK INC.

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                             (Dollars in thousands)
                                   (unaudited)




<TABLE>
<CAPTION>
                                                                                           Six Months Ended
                                                                                               June 30,
                                                                                               --------
                                                                                          2001           2000
                                                                                          ----           ----
<S>                                                                                        <C>           <C>
Cash flows from operating activities:
       Net income (loss).....................................................            $(99,954)     $ 30,782
       Adjustments to reconcile net income (loss) to net cash provided by
        operating activities:
         Depreciation and amortization.......................................              37,108        32,067
         Asset impairment charges............................................              94,245           --
         Net loss (gain) on disposition of long-term assets..................                 801          (957)
         Long-term incentive plans...........................................                 (12)          182
         (Increase) decrease in receivables..................................              24,746       (13,467)
         (Increase) decrease in inventories..................................               5,797       (13,653)
         Increase (decrease) in accounts payable.............................              (4,237)          170
         Increase in accrued liabilities.....................................              10,790         2,377
         Decrease in other liabilities and assets, net.......................             (56,692)       (5,056)
                                                                                         --------      --------
             Net cash provided by operating activities.......................              12,592        32,445
                                                                                         --------      --------
Cash flows from investing activities:
       Capital expenditures..................................................             (47,816)      (27,213)
       Proceeds from sales or disposals of long-term assets..................               5,982         5,942
       Acquisition of businesses net of cash acquired*.......................                --         (32,455)
       Other investing activities............................................              (2,825)       (1,000)
                                                                                         --------      --------
             Net cash used for investing activities..........................             (44,659)      (54,726)
                                                                                         --------      --------
Cash flows from financing activities:
       Proceeds from sale of stock...........................................                --          37,973
       Proceeds from long-term debt..........................................              87,636        28,000
       Repayment of long-term debt...........................................             (47,430)      (35,639)
       Payment to acquire treasury stock.....................................                (210)          --
       Exercise of stock options.............................................                 206           --
       Dividends.............................................................              (1,255)       (2,498)
       Capital contributions.................................................                --           4,350
                                                                                         --------      --------
             Net cash provided by financing activities.......................              38,947        32,186
                                                                                         --------      --------
Effect of exchange rate changes on cash......................................                (803)       (1,672)
                                                                                         --------      --------
Increase in cash and cash equivalents........................................               6,077         8,233
Cash and cash equivalents at beginning of period.............................               4,459        20,687
                                                                                         --------      --------
Cash and cash equivalents at end of period...................................            $ 10,536      $ 28,920
                                                                                         ========      ========

Supplemental information:
       Cash paid for income taxes............................................            $  6,700      $ 13,613
                                                                                         ========      ========

       Cash paid for interest................................................            $ 37,046      $ 36,170
                                                                                         ========      ========

*Purchase of businesses net of cash acquired:
       Working capital, other than cash......................................            $  --         $ (1,475)
       Property, plant and equipment.........................................               --           (4,284)
       Other assets..........................................................               --          (29,119)
       Noncurrent liabilities................................................               --            2,423
                                                                                         --------      --------
         Net cash used to acquire businesses.................................            $  --         $(32,455)
                                                                                         ========      ========
</TABLE>


      See the accompanying notes to the consolidated financial statements.


                                      -3-




<PAGE>



                                   GENTEK INC.

                 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
                For the three and six months ended June 30, 2001
                             (Dollars in thousands)
                                   (unaudited)

Note 1 - Basis of Presentation

     The accompanying unaudited consolidated financial statements have been
prepared by the Company pursuant to the rules and regulations of the Securities
and Exchange Commission (the "SEC"). In the opinion of management, all
adjustments (consisting of normal recurring adjustments except for those charges
discussed in Note 10) considered necessary for a fair presentation have been
included. Operating results for the six months ended June 30, 2001 are not
necessarily indicative of the results that may be expected for the year ended
December 31, 2001. These statements should be read in conjunction with the
financial statements and the notes thereto included in the Company's Annual
Report on Form 10-K for the year ended December 31, 2000.

Note 2 - Summary of Significant Accounting Policies

     In June 2000, the FASB issued SFAS No. 138, "Accounting for Certain
Derivative Financial Instruments and Certain Hedging Activities - an amendment
of FASB Statement No. 133". This statement amends the accounting and reporting
standards of SFAS 133 for certain derivative instruments and for certain hedging
activities. The Company adopted SFAS 133 and SFAS 138 on January 1, 2001. The
effect of the adoption of these pronouncements is a reduction of approximately
$3.0 million ($4.9 million pre-tax) to other comprehensive income attributable
to the net liability to be recorded for cash flow hedges.

     The Company periodically enters into interest rate swap agreements to
effectively convert a portion of its floating-rate debt to fixed-rate debt in
order to reduce the Company's exposure to movements in interest rates. These
instruments have been designated as cash flow hedges of a portion of the
Company's variable-rate debt, in order to achieve a ratio of fixed to floating
rate debt in accordance with the Company's risk management policy. The Company
is not currently aware of any events that will cause amounts recorded in
accumulated other comprehensive income to be reclassified into earnings.

     In July 2001, the Financial Accounting Standards Board (FASB) issued SFAS
No. 141 "Business Combinations" and SFAS No. 142 "Goodwill and Other Intangible
Assets." SFAS No. 141 requires business combinations initiated after June 30,
2001 to be accounted for using the purchase method of accounting, and broadens
the criteria for recording intangible assets separate from goodwill. SFAS No.
142 requires the use of a nonamortization approach to account for purchased
goodwill and certain intangibles. Under a nonamortization approach, goodwill and
certain intangibles will not be amortized into results of operations, but
instead would be reviewed for impairment and written down and charged to results
of operations only in the periods in which the recorded value of goodwill and
certain intangibles is more than its fair value. The provisions of each
statement which apply to goodwill and intangible assets acquired prior to June
30, 2001 will be adopted by the Company on January 1, 2002. The Company
expects the adoption of these accounting standards will have the impact of
reducing amortization of goodwill and intangibles commencing January 1, 2002;
however, impairment reviews may result in future periodic write-downs.


                                      -4-




<PAGE>



                                   GENTEK INC.

           NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
                For the three and six months ended June 30, 2001
                             (Dollars in thousands)
                                   (unaudited)



Note 3 - Comprehensive Income

     Total comprehensive income is comprised of net income, foreign currency
translation gains and losses and unrealized gains and losses on marketable
securities and derivative financial instruments. Total comprehensive income
(loss) for the three months ended June 30, 2001 and 2000 was $(106,822) and
$16,512, respectively. Total comprehensive income (loss) for the six months
ended June 30, 2001 and 2000 was $(117,255) and $19,033, respectively.

Note 4 - Earnings Per Share

     The computation of basic earnings per share is based on the weighted
average number of common shares outstanding during the period. The computation
of diluted earnings per share assumes the foregoing and, in addition, the
exercise of all stock options and restricted units, using the treasury stock
method.


The shares outstanding used for basic and diluted earnings per common share are
reconciled as follows:


<TABLE>
<CAPTION>
                                                                  Three Months Ended                 Six Months Ended
                                                                       June 30,                          June 30,
                                                                       --------                          --------
                                                                   2001            2000             2001             2000
                                                                   ----            ----             ----             ----
<S>                                                             <C>              <C>              <C>              <C>
Basic earnings per common share:
         Weighted average common shares
          Outstanding................................           25,420,750       25,135,758       25,379,936       23,946,322
                                                                ==========       ==========       ==========       ==========
Diluted earnings per common share:
         Weighted average common shares
          Outstanding................................           25,420,750       25,135,758       25,379,936       23,946,322
         Options and restricted units................                --             604,014           --              604,014
                                                                ----------       ----------       ----------       ----------
               Total.................................           25,420,750       25,739,772       25,379,936       24,550,336
                                                                ==========       ==========       ==========       ==========
</TABLE>



     At June 30, 2001, options and restricted units were not included in the
computation of diluted earnings per common share due to their antidilutive
effect. At June 30, 2000 options to purchase 566,500 shares of common stock were
not included in the computation of diluted earnings per common share because the
exercise price was greater than the average market price of the common shares.


                                      -5-




<PAGE>



                                   GENTEK INC.

           NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
                For the three and six months ended June 30, 2001
                             (Dollars in thousands)
                                   (unaudited)



Note 5 - Additional Financial Information

<TABLE>
<CAPTION>
                                                                            June 30,        December 31,
        Receivables:                                                          2001              2000
                                                                              ----              ----
                    <S>                                                     <C>              <C>
                    Trade........................................            $229,315         $231,625
                    Other........................................               3,449            7,708
                    Allowance for doubtful accounts..............             (32,878)          (8,350)
                                                                             --------         --------
                                                                             $199,886         $230,983
                                                                             ========         ========
         Inventories:
                      Raw materials..............................            $ 55,965         $ 62,151
                      Work in process............................              21,351           23,654
                      Finished products..........................              53,329           56,632
                      Supplies and containers....................               3,571            4,723
                                                                             --------         --------
                                                                             $134,216         $147,160
                                                                             ========         ========
</TABLE>


Note 6 - Long-Term Debt

         Long-term debt consists of the following:


<TABLE>
<CAPTION>
                                                                                         June 30,      December 31,
                                                                       Maturities          2001            2000
                                                                       ----------          ----            ----
<S>                                                                    <C>             <C>              <C>
             Bank Term Loans - floating rates...................       2001-2007         $491,750        $495,375
             Revolving Credit Facility - floating rate..........          2005            126,000          94,000
             Senior Subordinated Notes - 11%....................          2009            200,000         200,000
             Other Debt - floating rates........................                           39,670          29,437
                                                                                         --------        --------
                   Total Debt...................................                          857,420         818,812
                   Less:  Current Portion.......................                           28,809          25,562
                                                                                         --------        --------
                   Net Long-Term Debt...........................                         $828,611        $793,250
                                                                                         ========        ========
</TABLE>


Note 7 - Dividends

     On June 13, 2001, the Board of Directors declared a quarterly cash dividend
of $.05 per share, payable July 6, 2001, to shareholders of record on June 25,
2001.


                                      -6-




<PAGE>



                                   GENTEK INC.

           NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
                For the three and six months ended June 30, 2001
                             (Dollars in thousands)
                                   (unaudited)


Note 8 - Related Party Transactions

Allocations

     Prior to its acquisition, Digital was a division of Prestolite Wire
Corporation. Prestolite provided certain services to Digital such as accounting,
legal, human resources, information technology and other corporate services. The
accompanying statements of operations include allocations of $1,726 for the six
months ended June 30, 2000. Interest expense of $2,639 for the six month period
ended June 30, 2000, has been charged to Digital based on a net assets basis
utilizing Prestolite's effective interest rate and the cash flows of Digital.
These allocations were made consistently in each period prior to GenTek's
acquisition of Digital, and management believes the allocations are reasonable.
However, such allocations are not necessarily indicative of the level of
expenses that might have been incurred had Digital been operating as a
stand-alone entity or which might be expected to be incurred as part of GenTek.

Note 9 - Segment Information

     Industry segment information is summarized as follows:

<TABLE>
<CAPTION>
                                                                     Total Revenues               Operating Profit
                                                                    Six Months Ended              Six Months Ended
                                                                        June 30,                      June 30,
                                                                        --------                      --------
                                                                     2001           2000           2001           2000
                                                                     ----           ----           ----           ----
<S>                                                           <C>              <C>           <C>            <C>
Performance Products......................................         $181,792       $175,868     $ (44,062)       $20,904
Manufacturing.............................................          249,005        293,779        (8,722)        39,132
Communications ...........................................          228,639        238,056       (50,994)        29,152
                                                                   --------       --------     ---------        -------
         Total Segments...................................          659,436        707,703      (103,778)        89,188
Eliminations and other corporate expenses.................            --              --          (7,433)        (2,738)
                                                                   --------       --------     ---------        -------
Consolidated..............................................         $659,436       $707,703      (111,211)        86,450
                                                                   ========       ========
Interest expense..........................................                                        37,491         36,399
Other income, net.........................................                                         2,142          3,319
                                                                                               ---------        -------
Income (loss) before income taxes.........................                                     $(146,560)       $53,370
                                                                                               =========        =======
</TABLE>


<TABLE>
<CAPTION>
                                                                    Identifiable Assets
                                                                 June 30,       December 31,
                                                                   2001             2000
                                                                   ----             ----
<S>                                                            <C>             <C>
Performance Products......................................       $  306,170      $  338,845
Manufacturing (1).........................................          465,434         475,103
Communications ...........................................          472,612         511,222
Corporate.................................................           23,736          25,552
                                                                 ----------      ----------
Consolidated..............................................       $1,267,952      $1,350,722
                                                                 ==========      ==========
</TABLE>

(1) Includes equity method investments of $24,731 and $22,136, respectively.


                                      -7-




<PAGE>



                                   GENTEK INC.

           NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
                For the three and six months ended June 30, 2001
                             (Dollars in thousands)
                                   (unaudited)


Note 10 - Second Quarter Charges

     In the current fiscal quarter, the Company recorded pre-tax charges to
income totaling $150,769 which includes restructuring and impairment charges of
$108,018 and other charges of $42,751.

Restructuring and Impairment Charges

     On May 9, 2001 the Company announced a restructuring program, consisting of
a workforce reduction, several plant closings and the discontinuation of certain
product lines. Included in the provision for restructuring and impairment
charges are restructuring charges of $24,395 consisting of: $12,072 related to
employee termination costs for approximately 1,600 employees; $10,622 associated
with the write-down of assets resulting from plant closings and product line
discontinuance; and $1,701 related primarily to lease obligations and other
closure costs at facilities that will no longer be used. The employee
terminations impact all of the Company's business segments, with the majority in
the Manufacturing and Communciations segments. As of June 30, 2001, total
headcount has been reduced by approximately 1,000 employees, of which
approximately 400 were entitled to termination benefits. The following table
summarizes the Company's accruals for restructuring costs:


<TABLE>
<CAPTION>
                                           Employee                       Facility
                                       Termination Costs                 Exit Costs
                                       -----------------                 ----------
         <S>                            <C>                              <C>
         Provision                         $12,072                        $1,701
         Amounts utilized                    1,754                           544
                                           -------                        ------
         Balance at June 30, 2001          $10,318                        $1,157
                                           =======                        ======
</TABLE>

     Due to operating losses being experienced in certain of the Company's
operations, during the second quarter management performed a comprehensive
review of the Company's operations in order to assess the recoverability of
its long-lived assets. As a result of this review, the Company recorded non-cash
asset impairment charges of $83,623. These charges relate primarily to nine
facilities in the Performance Products segment and certain intangible assets in
the Communications segment. The charge for one of these facilities resulted from
a principal customer's decision to close its plant. The fair value of the assets
at this facility was determined based upon an appraisal. The charges for the
other facilities resulted from changes in the principal markets served by these
units. The fair value of the assets was determined based upon a calculation of
the present value of expected future cash flows.

Selling, General and Administrative Expense

     Included in selling, general and administrative expense is a $26,320 charge
principally related to a loss provision for accounts receivable for customers
who have recently filed for bankruptcy or whose current financial condition and
payment history indicate payment is doubtful. The Company will continue to
monitor the status of these accounts and further adjustments may be necessary.

Cost of Sales

     Included in cost of sales is a $16,431 charge principally related to a loss
provision for obsolete and excess inventory due to a significant decline in
actual and forecasted revenue for certain of the Company's product lines as well
as the discontinuation of certain of the Company's product lines.


                                      -8-




<PAGE>



                                   GENTEK INC.

           NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
                For the three and six months ended June 30, 2001
                             (Dollars in thousands)
                                   (unaudited)


Note 11 - Summarized Financial Information

     The Company's Senior Subordinated Notes due 2009 are fully and
unconditionally guaranteed, on a joint and several basis, by all of the
Company's wholly owned, domestic subsidiaries ("Subsidiary Guarantors"). The
non-guarantor subsidiaries are foreign.

     The following condensed consolidating financial information illustrates the
composition of the combined Subsidiary Guarantors. The Company believes that the
separate complete financial statements of the respective guarantors would not
provide additional material information which would be useful in assessing the
financial composition of the Subsidiary Guarantors.

Condensed Consolidating Statement of Operations
Three Months Ended June 30, 2001


<TABLE>
<CAPTION>

                                                                      Subsidiary    Non-Guarantor
                                                          Parent      Guarantors     Subsidiaries   Eliminations  Consolidated
                                                          ------      ----------     ------------   ------------  ------------
<S>                                                     <C>          <C>             <C>             <C>          <C>
Net revenues.........................................   $     --      $ 197,526        $134,765       $(12,817)   $ 319,474
Cost of sales........................................         --        173,866         102,932        (12,817)     263,981
Selling, general and administrative expense..........         704        52,848          26,618            --        80,170
Restructuring and impairment charges.................         --         94,735          13,283            --       108,018
                                                        ---------     ---------        --------       --------    ---------
    Operating profit (loss)..........................        (704)     (123,923)         (8,068)           --      (132,695)
Interest expense.....................................      14,915        14,206           3,749        (14,239)      18,631
Other (income) expense, net..........................     (14,329)       (5,647)          5,554         14,239         (183)
                                                        ---------     ---------        --------       --------    ---------
    Income (loss) before income taxes................      (1,290)     (132,482)        (17,371)           --      (151,143)
Income tax provision (benefit).......................     (16,480)      (29,029)         (3,205)           --       (48,714)
Equity in income (loss) from subsidiaries............    (117,619)      (14,166)            --         131,785         --
                                                        ---------     ---------        --------       --------    ---------
    Net income (loss)................................   $(102,429)    $(117,619)       $(14,166)      $131,785    $(102,429)
                                                        =========     =========        ========       ========    =========
</TABLE>


                                      -9-




<PAGE>



                                   GENTEK INC.

           NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
                For the three and six months ended June 30, 2001
                             (Dollars in thousands)
                                   (unaudited)


Condensed Consolidating Statement of Operations
Three Months Ended June 30, 2000

<TABLE>
<CAPTION>
                                                                        Subsidiary   Non-Guarantor
                                                             Parent     Guarantors   Subsidiaries   Eliminations  Consolidated
                                                             ------     ----------   ------------   ------------  ------------
<S>                                                      <C>            <C>           <C>           <C>            <C>
Net revenues.........................................    $      --     $   219,170   $   156,225    $  (10,537)   $   364,858
Cost of sales........................................           --         167,160       106,455       (10,537)       263,078
Selling, general and administrative expense..........           670         22,769        28,839           --          52,278
                                                         ----------    -----------   -----------    ----------    -----------
    Operating profit.................................          (670)        29,241        20,931           --          49,502
Interest expense.....................................        11,804         13,473         4,647       (11,733)        18,191
Other (income) expense, net..........................       (11,643)          (506)       (2,436)       11,733         (2,852)
                                                         ----------    -----------   -----------    ----------    -----------
    Income before income taxes.......................          (831)        16,274        18,720           --          34,163
Income tax provision.................................          (329)         5,033         8,318           --          13,022
Equity in income from subsidiaries...................        21,643         10,402           --        (32,045)           --
                                                         ----------    -----------   -----------    ----------    ----------
    Net income.......................................    $   21,141    $    21,643   $    10,402    $  (32,045)   $    21,141
                                                         ==========    ===========   ===========    ==========    ===========
</TABLE>


Condensed Consolidating Statement of Operations
Six months ended June 30, 2001

<TABLE>
<CAPTION>
                                                                        Subsidiary   Non-Guarantor
                                                             Parent     Guarantors   Subsidiaries   Eliminations  Consolidated
                                                             ------     ----------   ------------   ------------  ------------
<S>                                                        <C>         <C>           <C>           <C>            <C>
Net revenues.........................................     $     --       $ 410,187      $270,493      $(21,244)     $ 659,436
Cost of sales........................................           --         348,184       200,608       (21,244)       527,548
Selling, general and administrative expense..........         1,143         84,335        49,603           --         135,081
Restructuring and impairment charges.................           --          94,735        13,283           --         108,018
                                                          ---------      ---------      --------     ---------      ---------
    Operating profit (loss)..........................        (1,143)      (117,067)        6,999           --        (111,211)
Interest expense.....................................        30,311         29,535         7,224       (29,579)        37,491
Other (income) expense, net..........................       (29,432)        (8,318)        6,029        29,579         (2,142)
                                                          ---------      ---------      --------     ---------      ---------
    Income (loss) before income taxes................        (2,022)      (138,284)       (6,254)          --        (146,560)
Income tax provision (benefit).......................       (16,772)       (31,103)        1,269           --         (46,606)
Equity in income (loss) from subsidiaries............      (114,704)        (7,523)           --       122,227            --
                                                          ---------      ---------      --------      --------      ---------
    Net income (loss)................................     $ (99,954)     $(114,704)      $ (7,523)     $122,227      $ (99,954)
                                                          =========      =========      ========      ========      =========
</TABLE>


                                      -10-




<PAGE>



                                   GENTEK INC.

           NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
                For the three and six months ended June 30, 2001
                             (Dollars in thousands)
                                   (unaudited)



Condensed Consolidating Statement of Operations
Six Months ended June 30, 2000


<TABLE>
<CAPTION>

                                                                        Subsidiary  Non-Guarantor
                                                             Parent     Guarantors   Subsidiaries   Eliminations  Consolidated
                                                             ------     ----------   ------------   ------------  ------------
<S>                                                       <C>            <C>           <C>           <C>          <C>
Net revenues.........................................        $    --     $422,543     $305,815      $(20,655)       $707,703
Cost of sales........................................             --      324,438      211,759       (20,655)        515,542
Selling, general and administrative expense..........           1,557      48,077       56,077           --          105,711
                                                             --------    --------     --------      --------        --------
    Operating profit.................................          (1,557)     50,028       37,979           --           86,450
Interest expense.....................................          23,482      27,190       12,226       (26,499)         36,399
Other (income) expense, net..........................         (23,467)     (3,955)      (2,396)       26,499          (3,319)
                                                             --------    --------     --------      --------        --------
    Income before income taxes.......................          (1,572)     26,793       28,149           --           53,370
Income tax provision.................................            (622)     10,920       12,290           --           22,588
Equity in income from subsidiaries...................          31,732      15,859          --        (47,591)            --
                                                             --------    --------     --------      --------        --------
    Net income.......................................        $ 30,782    $ 31,732     $ 15,859      $(47,591)       $ 30,782
                                                             ========    ========     ========      ========        ========

</TABLE>


                                      -11-




<PAGE>



                                   GENTEK INC.

           NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
                For the three and six months ended June 30, 2001
                             (Dollars in thousands)
                                   (unaudited)


Condensed Consolidating Balance Sheet
June 30, 2001

<TABLE>
<CAPTION>
                                                                      Subsidiary   Non-Guarantor
                                                       Parent         Guarantors   Subsidiaries   Eliminations  Consolidated
                                                       ------         ----------   ------------   ------------  ------------
<S>                                                       <C>            <C>           <C>           <C>         <C>
Current assets:
    Cash and cash equivalents....................     $    --         $   5,653      $  4,883       $    --     $   10,536
    Receivables, net.............................          --           112,937        86,949            --        199,886
    Inventories..................................          --            80,759        53,457            --        134,216
    Other current assets.........................          547           48,051        17,214            --         65,812
                                                      --------        ---------      --------       --------    ----------
       Total current assets......................          547          247,400       162,503            --        410,450
Property, plant and equipment, net...............          --           277,134       131,152            --        408,286
Goodwill, net....................................          --           101,702       231,427            --        333,129
Intercompany receivable (payable)................      672,999         (679,689)        6,690            --           --
Investment in subsidiaries.......................      (55,270)         189,160           --         (133,890)        --
Other assets.....................................        2,895          105,847         7,345            --        116,087
                                                      --------        ---------      --------       ---------   ----------
       Total assets..............................     $621,171        $ 241,554      $539,117       $(133,890)  $1,267,952
                                                      ========        =========      ========       =========   ==========
Current liabilities:
    Accounts payable.............................     $    188        $  72,008      $ 41,696       $    --     $  113,892
    Accrued liabilities..........................       14,610           77,554        50,891            --        143,055
    Current portion of long-term debt............        9,500              134        19,175            --         28,809
                                                      --------        ---------      --------       ---------   ----------
       Total current liabilities.................       24,298          149,696       111,762            --        285,756
Long-term debt...................................      661,250            3,650       163,711            --        828,611
Other liabilities................................        7,751          143,478        74,484            --        225,713
                                                      --------        ---------      --------       ---------   ----------
       Total liabilities.........................      693,299          296,824       349,957            --      1,340,080
Equity (deficit).................................      (72,128)         (55,270)      189,160        (133,890)     (72,128)
                                                      ---------       ----------     --------       ---------   ----------
       Total liabilities and equity (deficit)....     $621,171        $ 241,554      $539,117       $(133,890)  $1,267,952
                                                      ========        =========      ========       =========   ==========
</TABLE>


                                      -12-




<PAGE>



                                   GENTEK INC.

           NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
                For the three and six months ended June 30, 2001
                             (Dollars in thousands)
                                   (unaudited)


Condensed Consolidating Balance Sheet
December 31, 2000

<TABLE>
<CAPTION>
                                                                      Subsidiary   Non-Guarantor
                                                      Parent          Guarantors   Subsidiaries   Eliminations   Consolidated
                                                      ------          ----------   ------------   ------------   ------------
<S>                                                       <C>            <C>           <C>           <C>         <C>
Current assets:
    Cash and cash equivalents....................     $    --        $  (4,889)      $  9,348      $    --       $    4,459
    Receivables, net.............................          --          131,775         99,208           --          230,983
    Inventories..................................          --           89,471         57,689           --          147,160
    Other current assets.........................          186          21,630         18,217           --           40,033
                                                      --------       ---------       --------      ---------     ----------
       Total current assets......................          186         237,987        184,462           --          422,635
Property, plant and equipment, net...............          --          319,374        140,232           --          459,606
Goodwill, net....................................          --          126,505        250,000           --          376,505
Intercompany receivable (payable)................      643,282        (641,391)        (1,891)          --             --
Investment in subsidiaries.......................       72,602         227,334            --        (299,936)          --
Other assets.....................................          245          81,424         10,307           --           91,976
                                                      --------       ---------       --------      ---------     ----------
       Total assets..............................     $716,315       $ 351,233       $583,110      $(299,936)    $1,350,722
                                                      ========       =========       ========      =========     ==========
Current liabilities:
    Accounts payable.............................     $     29       $  72,132       $ 47,973      $    --       $  120,134
    Accrued liabilities..........................       26,120          59,988         48,864           --          134,972
    Current portion of long-term debt............        7,625             154         17,783           --           25,562
                                                      --------       ---------       --------      ---------     ----------
       Total current liabilities.................       33,774         132,274        114,620           --          280,668
Long-term debt...................................      634,000             799        158,451           --          793,250
Other liabilities................................          883         145,558         82,705           --          229,146
                                                      --------       ---------       --------      ---------     ----------
       Total liabilities.........................      668,657         278,631        355,776           --        1,303,064
Equity...........................................       47,658          72,602        227,334       (299,936)        47,658
                                                      --------       ---------       --------      ---------     ----------
       Total liabilities and equity..............     $716,315       $ 351,233       $583,110      $(299,936)    $1,350,722
                                                      ========       =========       ========      =========     ==========
</TABLE>


                                      -13-




<PAGE>



                                   GENTEK INC.

           NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
                For the three and six months ended June 30, 2001
                             (Dollars in thousands)
                                   (unaudited)


Condensed Consolidating Statement of Cash Flows
Six Months ended June 30, 2001


<TABLE>
<CAPTION>
                                                                                          Non-
                                                                        Subsidiary     Guarantor
                                                           Parent       Guarantors    Subsidiaries   Consolidated
                                                           ------       ----------    ------------   ------------
<S>                                                         <C>             <C>          <C>          <C>
Net cash provided by (used in) operating
 activities........................................       $  7,271       $(14,203)      $ 19,524      $ 12,592
                                                          --------       --------       --------      --------
Net cash provided by (used in) investing
 activities........................................            --         (34,763)        (9,896)     (44,659)
                                                          --------       --------       ---------     --------
Cash flows from financing activities:
    Intercompany cash transfers....................        (35,137)        51,751         (16,614)          --
    Other..........................................         27,866          7,757          3,324        38,947
                                                          --------       --------       --------      --------
Net cash provided by (used in) financing
 activities........................................         (7,271)        59,508        (13,290)       38,947
                                                          --------       --------       --------      --------
Effect of exchange rates on cash...................            --             --            (803)         (803)
                                                          --------       --------       --------      --------
Increase (decrease) in cash and cash
 equivalents.......................................            --          10,542         (4,465)        6,077
Cash and cash equivalents at beginning
 of year...........................................            --          (4,889)         9,348         4,459
                                                          --------       --------       --------      --------
Cash and cash equivalents at end of year...........       $    --        $  5,653       $  4,883      $ 10,536
                                                          ========       ========       ========      ========
</TABLE>


                                      -14-




<PAGE>



                                   GENTEK INC.

           NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Concluded)
                For the three and six months ended June 30, 2001
                             (Dollars in thousands)
                                   (unaudited)


Condensed Consolidating Statement of Cash Flows
Six Months ended June 30, 2000

<TABLE>
<CAPTION>
                                                                                       Non-
                                                                     Subsidiary     Guarantor
                                                          Parent     Guarantors    Subsidiaries   Consolidated
                                                          ------     ----------    ------------   ------------
<S>                                                       <C>        <C>           <C>             <C>
Net cash provided by (used in) operating
 activities........................................      $ 19,863      $ (5,054)       $17,636     $ 32,445
                                                         --------      --------        -------     --------
Cash flows from investing activities:
    Acquisition of businesses net of cash
     acquired......................................           --        (32,455)           --       (32,455)
    Other..........................................           --        (13,085)        (9,186)     (22,271)
                                                         --------      --------        -------     --------
Net cash provided by (used in) investing
 activities........................................           --        (45,540)        (9,186)     (54,726)
                                                         --------      --------        -------     --------
Cash flows from financing activities:
    Proceeds from sale of stock....................        37,973           --             --        37,973
    Intercompany cash transfers....................       (58,384)       49,446          8,938          --
    Other..........................................           502          (636)        (5,653)      (5,787)
                                                         --------      --------        -------     --------
Net cash provided by (used in) financing
 activities........................................       (19,909)       48,810          3,285       32,186
                                                         --------      --------        -------     --------
Effect of exchange rates on cash...................           --            --          (1,672)      (1,672)
                                                         --------      --------        -------     --------
Increase (decrease) in cash and cash
 equivalents.......................................           (46)       (1,784)        10,063        8,233
Cash and cash equivalents at beginning
 of year...........................................            51         6,175         14,461       20,687
                                                         --------      --------        -------     --------
Cash and cash equivalents at end of year...........      $      5      $  4,391        $24,524     $ 28,920
                                                         ========      ========        =======     ========
</TABLE>


                                      -15-




<PAGE>



Item 2. Management's Discussion and Analysis of
Financial Condition and Results of Operations.

         This Form 10-Q contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. The Company's actual results could differ materially from
those set forth in the forward-looking statements. Certain factors that might
cause such a difference include those discussed in the section entitled
"Management's Discussion and Analysis of Financial Condition and Results of
Operations - Forward-Looking Statements" contained in the Company's Form 10-K
for the year ended December 31, 2000.

Results of Operations

     Net revenues for the three and six-month periods ended June 30, 2001
decreased by $45 million and $48 million, respectively, over the comparable
prior year levels. The decrease for the second quarter is principally due to
lower volumes in the Communications segment and the Manufacturing segment
reflecting the economic slowdown in the Telecommunications and Automotive
industries. The year-to-date decrease reflects lower volumes in the
Manufacturing and Communications segments reflecting the economic slowdown,
partially offset by higher sales in the Performance Products segment,
principally due to higher volumes in the environmental services and technology
markets.

     Gross profit for the three and six-month periods ended June 30, 2001
decreased by $46 million and $60 million, respectively, over the comparable
prior year periods. These decreases reflect the lower volumes in the
Communications and Manufacturing segments, lower pricing in the
Manufacturing segment and higher spending in the Performance Products segment.
In addition, the Company recorded a charge of $16 million to cost of sales
principally due to obsolete and excess inventory, discontinued products, and
fixed asset write-offs.

     Selling, general and administrative expense increased by $28 million and
$29 million for the three and six month periods ended June 30, 2001 as compared
to the prior year levels. These increases are related to a $26 million charge
the Company recorded principally due to a loss provision for accounts receivable
for customers who have recently filed for bankruptcy or whose current financial
condition and payment history indicate payment is doubtful. The Company will
continue to monitor the status of these accounts and further adjustments may be
necessary.

     Interest expense was $19 million and $37 million for the three and six
month periods ended June 30, 2001, respectively, up slightly from the comparable
prior year periods due to higher outstanding debt balances.

Restructuring and Impairment Charges

     As previously announced on May 9, 2001, the Company approved a plan to
reduce its workforce, close several plants and discontinue certain product
lines. Further, due to operating losses being experienced in certain of the
Company's operations, during the second quarter management performed a
comprehensive review of the Company's operations in order to assess the
recoverability of its long-lived assets. As a result of the above actions, the
Company has recorded restructuring and impairment charges of approximately
$108 million during the quarter ended June 30, 2001. The $108 million is
comprised of $12 million related to employee termination costs, $10 million
for asset writedowns related to management's decision to exit a business,
$2 million for lease obligations and other closure costs for facilities which
will no longer be used, and $84 million of asset impairment charges related to


                                      -16-




<PAGE>



long-lived assets utilized in the Company's Performance Products and
Communications segments. The Company expects to substantially complete
implementation of its restructuring program by the end of the first quarter of
2002. Cash payments charged against the restructuring liability totaled $2
million for employee termination costs and $0.5 million for facility exit costs
in the quarter ended June 30, 2001. Management expects that cash outlays related
to the restructuring program will be substantially completed by the end of 2002.
Management intends to fund these cash outlays from cash flow generated by
operations. Management expects that the actions described above will result in
an estimated reduction of annual depreciation and amortization expense of
approximately $8 million and an estimated reduction in employee and facility
related expense and cash flows of approximately $25 million. The Company expects
to begin to realize these reductions in the latter half of fiscal 2001.
Management does not believe that the actions described above will have a
material impact on revenues.

Financial Condition, Liquidity and Capital Resources

     Cash and cash equivalents were $11 million at June 30, 2001 compared with
$4 million at year-end 2000. During the first six months of 2001, the Company
generated cash flow from operations of $13 million and had net proceeds from
long-term debt of $40 million, which was used to make capital expenditures of
$48 million.

     The Company had working capital of $125 million at June 30, 2001 as
compared with $142 million at December 31, 2000. This decrease reflects
provisions for bad debt, inventory obsolescence, and severance as previously
discussed, partially offset by the related deferred taxes.

     The Company's senior credit facility with a syndicate of banks and other
financial institutions consists of $500 million of term loans and a $300 million
revolving credit facility. At June 30, 2001, the Company had $126 million in
borrowings, letters of credit of $28 million and the ability to borrow an
additional $146 million, under its revolving credit facility. The Company
recently finalized several amendments to the financial covenants and other terms
of the credit facility. As a result of such amendments, the interest rate on
$199 million of term loans has been increased by 0.50%, on $293 million of term
loans by 0.75% and on the borrowings under the revolving facility by 0.75%.
These amendments provide for more flexible financial covenants for the second
half of 2001 and for 2002 in exchange for more restrictive covenants regarding
restricted payments, investments, incurrence of indebtedness, sales of assets
and related matters through 2002. In addition, the lenders have a security
interest in certain real property, intellectual property and other assets of the
Company in the United States and Canada.

     Management believes that cash flows and borrowings under the revolving
portion of its credit facility will be sufficient to cover future interest
expense, capital expenditures and working capital requirements.

Recent Accounting Pronouncements

     In July 2001, the Financial Accounting Standards Board (FASB) issued SFAS
No. 141 "Business Combinations" and SFAS No. 142 "Goodwill and Other Intangible
Assets." SFAS No. 141 requires business combinations initiated after June 30,
2001 to be accounted for using the purchase method of accounting, and broadens
the criteria for recording intangible assets separate from goodwill. SFAS No.
142 requires the use of a nonamortization approach to account for purchased
goodwill and certain intangibles. Under a nonamortization approach, goodwill and
certain intangibles will not be amortized into results of operations, but
instead would be reviewed for impairment and written down and charged to results
of operations only in the periods in which the recorded value of goodwill and
certain intangibles is more than its fair value. The provisions of each
statement which apply to goodwill and intangible assets acquired prior to June
30, 2001 will be adopted by the Company on January 1, 2002. The Company


                                      -17-




<PAGE>



expects the adoption of these accounting standards will have the impact of
reducing amortization of goodwill and intangibles commencing January 1, 2002;
however, impairment reviews may result in future periodic write-downs.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

     The Company's cash flows and earnings are subject to fluctuations resulting
from changes in interest rates and changes in foreign currency exchange rates
and the Company selectively uses financial instruments to manage these risks.
The Company's objective in managing its exposure to changes in foreign currency
exchange rates and interest rates is to reduce volatility on earnings and cash
flow associated with such changes. The Company has not entered, and does not
intend to enter, into financial instruments for speculation or trading purposes.

     The Company measures the market risk related to its holding of financial
instruments based on changes in interest rates and foreign currency rates using
a sensitivity analysis. The sensitivity analysis measures the potential loss in
fair values, cash flows and earnings based on a hypothetical 10 percent change
in interest and currency exchange rates. The Company used current market rates
on its debt and derivative portfolio to perform the sensitivity analysis. Such
analysis indicates that a hypothetical 10 percent change in interest rates or
foreign currency exchange rates would not have a material impact on the fair
values, cash flows or earnings of the Company.


                                      -18-




<PAGE>



                           PART II. OTHER INFORMATION


Item 1. Legal Proceedings

       NONE


Item 2. Changes in Securities and Use of Proceeds

       NONE


Item 3. Defaults Upon Senior Securities

       NONE


Item 4. Submission of Matters to a Vote of Security Holders

     On May 16, 2001, the Company held its Annual Meeting of Stockholders. At
the meeting, Paul M. Montrone, Paul M. Meister, John W. Gildea, Bruce L.
Koepfgen, Richard R. Russell, Scott M. Sperling and Ira Stepanian were each
elected as a director of the Company to serve a one year term which will expire
at the 2002 Annual Meeting of Stockholders and until a successor has been duly
elected and qualified. For Paul M. Montrone, 63,824,358 votes were cast in favor
and 915,343 votes were cast against. For Paul M. Meister, 64,532,440 votes were
cast in favor and 207,261 votes were cast against. For John W. Gildea,
64,529,786 votes were cast in favor and 209,915 votes were cast against. For
Bruce L. Koepfgen, 64,532,841 votes were cast in favor and 206,860 votes were
cast against. For Richard R. Russell, 64,132,807 votes were cast in favor and
606,894 votes were cast against. For Scott M. Sperling, 64,532,640 votes were
cast in favor and 207,061 votes were cast against. For Ira Stepanian, 64,532,841
votes were cast in favor and 206,860 votes were cast against.

     The stockholders also ratified the appointment of Deloitte & Touche LLP as
the Company's independent auditors; 64,628,602 votes were cast in favor of the
ratification, 32,920 were votes against and 78,179 abstained.


Item 5. Other Information

       NONE


Item 6. Exhibits and Reports on Form 8-K

     The Company did not file any current reports on Form 8-K during the last
quarter covered by this report.


                                      -19-



<PAGE>



                                   SIGNATURES


     Pursuant to the requirements of the Securities 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>
                                                                                     GENTEK INC.
                                                              -----------------------------------------------------
                                                                                     Registrant



Date           August 13, 2001                                /s/Richard R. Russell
         ---------------------------                             --------------------------------------------------
                                                                 Richard R. Russell
                                                                 President and Chief Executive Officer
                                                                 (Principal Executive Officer) and Director



Date         August 13, 2001                                  /s/Stewart A. Fisher
         ---------------------------                             -------------------------------------------------
                                                                 Stewart A. Fisher
                                                                 Vice President and Chief Financial Officer
                                                                 (Principal Financial and Accounting Officer)
</TABLE>


                                      -20-