Table of Contents

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |
| Delaware                                                      |   | 47-0938234 |
| (State or other jurisdiction ofincorporation or organization) |   | (I.R.S. EmployerIdentification No.) |
|                                                          |   |   |
| 150 South Saunders Road, Suite 150, Lake Forest, Illinois     |   | 60045 |
| (Address of principal executive offices)                      |   | (Zip Code) |

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Table of Contents

|               |
|---------------|
|               |  |  |
|          |   | Page |
| PART I.  | Financial Information |   |
|          |   |   |
| Item 1.  | Financial Statements | 1 |
|          |   |   |
| Item 2.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 16 |
|          |   |   |
| Item 3.  | Quantitative and Qualitative Disclosures about Market Risk | 21 |
|          |   |   |
| Item 4.  | Controls and Procedures | 21 |
|          |   |   |
| PART II. | Other Information |   |
|          |   |   |
| Item 1.  | Legal Proceedings | 22 |
|          |   |   |
| Item 1A. | Risk Factors | 22 |
|          |   |   |
| Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds | 22 |
|          |   |   |
| Item 3.  | Defaults upon Senior Securities | 22 |
|          |   |   |
| Item 4.  | (Removed and Reserved) | 22 |
|          |   |   |
| Item 5.  | Other Information | 22 |
|          |   |   |
| Item 6.  | Exhibits | 22 |

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Table of Contents

|         |                       |
|---------|-----------------------|
| Item 1. | Financial Statements. |

|                                                                                                        |
|--------------------------------------------------------------------------------------------------------|
|                                                                                                        |  |  |  |  |  |  |  |
|                                                                                                   | March 27, 2011 |   | December 26, 2010 |
|                                                                                                   | (Unaudited) |   |   |
| Assets                                                                                                 |   |   |   |
| Current assets:                                                                                        |   |   |   |
| Cash and cash equivalents                                                                              | $ | 16,360 |   |   | $ | 21,511 |   |
| Accounts receivable - trade, less allowance for doubtful accounts of $1,908 and $1,837                 | 126,382 |   |   | 116,213 |   |
| Accounts receivable - other                                                                            | 4,672 |   |   | 4,512 |   |
| Inventories                                                                                            | 272,373 |   |   | 227,589 |   |
| Deferred income taxes                                                                                  | 11,256 |   |   | 13,056 |   |
| Prepaid expenses                                                                                       | 4,878 |   |   | 6,039 |   |
| Restricted cash                                                                                        | — |   |   | 1,940 |   |
| Other current assets                                                                                   | 17,763 |   |   | 17,809 |   |
| Total current assets                                                                                   | 453,684 |   |   | 408,669 |   |
| Property, plant and equipment, less accumulated depreciation and amortization of $636,754 and $612,847 | 410,775 |   |   | 429,113 |   |
| Intangible assets, net                                                                                 | 856 |   |   | 910 |   |
| Other assets                                                                                           | 24,312 |   |   | 25,980 |   |
| Total assets                                                                                           | $ | 889,627 |   |   | $ | 864,672 |   |
| Liabilities and Shareholder’s Deficit                                                            |   |   |   |
| Current liabilities:                                                                                   |   |   |   |
| Accounts payable                                                                                       | $ | 89,046 |   |   | $ | 63,058 |   |
| Accrued payroll and related costs                                                                      | 28,993 |   |   | 28,707 |   |
| Accrued customer allowances                                                                            | 25,066 |   |   | 27,172 |   |
| Current maturities of long-term debt                                                                   | 446 |   |   | 430 |   |
| Accrued interest                                                                                       | 20,499 |   |   | 20,000 |   |
| Other current liabilities                                                                              | 36,734 |   |   | 39,189 |   |
| Total current liabilities                                                                              | 200,784 |   |   | 178,556 |   |
| Long-term debt, net of current maturities                                                              | 664,635 |   |   | 637,285 |   |
| Deferred income taxes                                                                                  | 12,748 |   |   | 14,876 |   |
| Pensions and other postretirement benefits                                                             | 37,963 |   |   | 38,428 |   |
| Deferred gain on sale-leaseback                                                                        | 40,101 |   |   | 40,758 |   |
| Other liabilities                                                                                      | 42,881 |   |   | 42,273 |   |
| Total liabilities                                                                                      | 999,112 |   |   | 952,176 |   |
| Shareholder’s deficit:                                                                           |   |   |   |
| Common stock - Par value $0.01 per share; 1,000 shares authorized; 100 shares issued and outstanding   | — |   |   | — |   |
| Additional paid-in capital                                                                             | 254,895 |   |   | 254,895 |   |
| Accumulated deficit                                                                                    | (356,413 | ) |   | (331,116 | ) |
| Accumulated other comprehensive loss                                                                   | (7,967 | ) |   | (11,283 | ) |
| Total shareholder’s deficit                                                                      | (109,485 | ) |   | (87,504 | ) |
| Total liabilities and shareholder’s deficit                                                      | $ | 889,627 |   |   | $ | 864,672 |   |

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|                                                         |
|---------------------------------------------------------|
|                                                         |  |  |  |  |  |  |  |
|                                                    | For the thirteen weeks ended |
|                                                    | March 27, 2011 |   | March 28, 2010 |
| Net sales                                               | $ | 371,145 |   |   | $ | 344,872 |   |
| Cost of goods sold                                      | 340,724 |   |   | 306,588 |   |
| Gross profit                                            | 30,421 |   |   | 38,284 |   |
| Selling, general and administrative expenses            | 35,587 |   |   | 34,822 |   |
| Loss on asset disposals                                 | 544 |   |   | 963 |   |
| Operating (loss) income                                 | (5,710 | ) |   | 2,499 |   |
| Interest expense, net of interest income of $34 and $34 | 17,282 |   |   | 17,100 |   |
| Foreign currency exchange loss, net                     | 2,158 |   |   | 1,376 |   |
| Loss before income taxes                                | (25,150 | ) |   | (15,977 | ) |
| Income tax provision                                    | 147 |   |   | 551 |   |
| Net loss                                                | $ | (25,297 | ) |   | $ | (16,528 | ) |

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|                                                   |
|---------------------------------------------------|
|                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                              | Common stock |   | Additionalpaid-in capital |   | Accumulated deficit |   | Accumulatedothercomprehensive loss |   | Totalshareholder’s deficit |
|                                              | Shares |   | Amount |   |   |   |   |
| December 26, 2010                            | 100 |   |   | $ | — |   |   | $ | 254,895 |   |   | $ | (331,116 | ) |   | $ | (11,283 | ) |   | $ | (87,504 | ) |
| Net loss                                          | — |   |   | — |   |   | — |   |   | (25,297 | ) |   | — |   |   | (25,297 | ) |
| Foreign currency translation adjustment           | — |   |   | — |   |   | — |   |   | — |   |   | 2,910 |   |   | 2,910 |   |
| Pension liability adjustments, net of tax of $186 | — |   |   | — |   |   | — |   |   | — |   |   | 406 |   |   | 406 |   |
| March 27, 2011                                    | 100 |   |   | $ | — |   |   | $ | 254,895 |   |   | $ | (356,413 | ) |   | $ | (7,967 | ) |   | $ | (109,485 | ) |

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|                                                                             |
|-----------------------------------------------------------------------------|
|                                                                             |  |  |  |  |  |  |  |
|                                                                        | Thirteen weeks ended |
|                                                                        | March 27, 2011 |   | March 28, 2010 |
| CASH FLOWS FROM OPERATING ACTIVITIES                                        |   |   |   |
| Net loss                                                                    | $ | (25,297 | ) |   | $ | (16,528 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |   |   |
| Depreciation and amortization                                               | 26,235 |   |   | 17,007 |   |
| Deferred financing fee amortization                                         | 1,809 |   |   | 1,720 |   |
| Loss on asset disposals                                                     | 544 |   |   | 963 |   |
| Deferred income taxes                                                       | 116 |   |   | (257 | ) |
| Foreign currency exchange loss, net                                         | 2,158 |   |   | 1,376 |   |
| Changes in operating assets and liabilities:                                |   |   |   |
| Accounts receivable, net                                                    | (9,090 | ) |   | 4,585 |   |
| Inventories                                                                 | (43,382 | ) |   | (56,526 | ) |
| Prepaid expenses and other current assets                                   | 1,753 |   |   | 1,324 |   |
| Other assets                                                                | (339 | ) |   | 832 |   |
| Accounts payable                                                            | 25,414 |   |   | 18,540 |   |
| Accrued expenses and other current liabilities                              | (6,422 | ) |   | 896 |   |
| Other liabilities                                                           | (1,226 | ) |   | 37 |   |
| Other, net                                                                  | 448 |   |   | 655 |   |
| Net cash used in operating activities                                       | (27,279 | ) |   | (25,376 | ) |
| CASH FLOWS FROM INVESTING ACTIVITIES                                        |   |   |   |
| Proceeds from sale of property, plant and equipment                         | 1,089 |   |   | 21 |   |
| Purchases of property, plant and equipment                                  | (7,219 | ) |   | (20,032 | ) |
| Decrease in restricted cash                                                 | 1,940 |   |   | 2,170 |   |
| Net cash used in investing activities                                       | (4,190 | ) |   | (17,841 | ) |
| CASH FLOWS FROM FINANCING ACTIVITIES                                        |   |   |   |
| Net borrowings under revolving credit facilities                            | 26,989 |   |   | 42,300 |   |
| Repayments of term notes                                                    | — |   |   | (348 | ) |
| Repayments of other debt                                                    | (110 | ) |   | (64 | ) |
| Return of capital to parent                                                 | — |   |   | (100 | ) |
| Debt issuance costs                                                         | — |   |   | (480 | ) |
| Net cash provided by financing activities                                   | 26,879 |   |   | 41,308 |   |
| Effect of exchange rate changes on cash                                     | (561 | ) |   | 328 |   |
| NET DECREASE IN CASH AND CASH EQUIVALENTS                                   | (5,151 | ) |   | (1,581 | ) |
| CASH AND CASH EQUIVALENTS, beginning of period                              | 21,511 |   |   | 30,006 |   |
| CASH AND CASH EQUIVALENTS, end of period                                    | $ | 16,360 |   |   | $ | 28,425 |   |
| SUPPLEMENTAL CASH FLOW DISCLOSURES:                                         |   |   |   |
| Interest paid, net of capitalized interest                                  | $ | 16,322 |   |   | $ | 15,595 |   |
| Income taxes paid (tax refunds), net                                        | $ | 737 |   |   | $ | (1,958 | ) |

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|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                   | Estimated range |   | Incurred (expensed) |
|                                   | As of |   | Year ended |   | Thirteen weeks ended |   | Life to date |
|                                   | March 27, 2011 |   | December 26, 2010 |   | March 27, 2011 |   | March 27, 2011 |
| Severance                              | $ | 7 |   |   | $ | 7 |   |   | $ | 7 |   |   | $ | — |   |   | $ | 7 |   |
| Equipment relocation and related costs | 20 |   |   | 22 |   |   | 5 |   |   | 6 |   |   | 11 |   |
| Pension plan curtailment loss          | 2 |   |   | 2 |   |   | 2 |   |   | — |   |   | 2 |   |
| Accrual of remaining lease payments    | 4 |   |   | 6 |   |   | — |   |   | — |   |   | — |   |
| Asset impairment                       | 17 |   |   | 17 |   |   | 17 |   |   | — |   |   | 17 |   |
| Accelerated depreciation               | 65 |   |   | 70 |   |   | 40 |   |   | 9 |   |   | 49 |   |
| Total costs                            | $ | 115 |   |   | $ | 124 |   |   | $ | 71 |   |   | $ | 15 |   |   | $ | 86 |   |

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|                            |
|----------------------------|
|                            |  |  |  |  |  |  |  |
|                       | March 27, 2011 |   | December 26, 2010 |
| Finished goods             | $ | 206,671 |   |   | $ | 166,042 |   |
| Work in process            | 12,683 |   |   | 12,307 |   |
| Raw materials and supplies | 53,019 |   |   | 49,240 |   |
| Total inventories          | $ | 272,373 |   |   | $ | 227,589 |   |

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |
|                                       | March 27, 2011 |   | December 26, 2010 |
| Long-term debt:                            |   |   |   |
| 10.5% Senior Secured Notes due 2013        | $ | 300,000 |   |   | $ | 300,000 |   |
| Unamortized discount                       | (4,130 | ) |   | (4,464 | ) |
| 10.5% Senior Secured Notes due 2013, net   | 295,870 |   |   | 295,536 |   |
| 8.5% Senior Subordinated Notes due 2014    | 325,000 |   |   | 325,000 |   |
| Asset-based Revolving Credit Facility      | 38,435 |   |   | 10,027 |   |
| Canadian Revolving Credit Facility         | 1,329 |   |   | 2,669 |   |
| Capital lease obligations                  | 4,447 |   |   | 4,483 |   |
| Total long-term debt                       | 665,081 |   |   | 637,715 |   |
| Less: Current maturities of long-term debt | 446 |   |   | 430 |   |
| Long-term debt, net of current maturities  | $ | 664,635 |   |   | $ | 637,285 |   |

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|         |                                                                                                                                                                                |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 1 fair values are valuations that the entity has the ability to access and that are based on quoted market prices in active markets for identical assets or liabilities; |

|         |                                                                                                                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 2 fair values are valuations based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities; and |

|         |                                                                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 3 fair values are valuations based on inputs that are supported by little or no market activity, and that are significant to the fair value of the assets or liabilities. |

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|                                      |
|--------------------------------------|
|                                      |  |  |  |  |  |  |  |
|                                 | For the thirteen weeks ended |
|                                 | March 27, 2011 |   | March 28, 2010 |
| Pension Benefits                     |   |   |   |
| Service cost                         | $ | 357 |   |   | $ | 343 |   |
| Interest cost                        | 1,788 |   |   | 1,758 |   |
| Expected return on plan assets       | (1,808 | ) |   | (1,773 | ) |
| Amortization of prior service cost   | 30 |   |   | 51 |   |
| Amortization of net loss             | 666 |   |   | 570 |   |
| Net periodic benefit cost            | $ | 1,033 |   |   | $ | 949 |   |
| Other Postretirement Benefits        |   |   |   |
| Service cost                         | $ | 15 |   |   | $ | 14 |   |
| Interest cost                        | 94 |   |   | 93 |   |
| Amortization of prior service credit | (109 | ) |   | (108 | ) |
| Amortization of net loss             | 13 |   |   | 13 |   |
| Net periodic benefit cost            | $ | 13 |   |   | $ | 12 |   |

|                                                            |
|------------------------------------------------------------|
|                                                            |  |  |  |  |  |  |  |
|                                                       | For the thirteen weeks ended |
|                                                       | March 27, 2011 |   | March 28, 2010 |
| Net loss                                                   | $ | (25,297 | ) |   | $ | (16,528 | ) |
| Foreign currency translation adjustments                   | 2,910 |   |   | 345 |   |
| Pension liability adjustments, net of tax of $186 and $224 | 406 |   |   | 302 |   |
| Comprehensive loss                                         | $ | (21,981 | ) |   | $ | (15,881 | ) |

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |
|                                                                   | March 27, 2011 |   | December 26, 2010 |
| Foreign currency translation adjustments                               | $ | 15,995 |   |   | $ | 13,085 |   |
| Pension liability adjustments, net of tax benefit of $5,029 and $5,215 | (23,962 | ) |   | (24,368 | ) |
| Accumulated other comprehensive loss                                   | $ | (7,967 | ) |   | $ | (11,283 | ) |

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|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands)                              | North America |   | Europe |   | Other |   | Total Segments |   | Eliminations |   | Total |
| For the thirteen weeks ended March 27, 2011 |   |   |   |   |   |   |   |   |   |   |   |
| Revenues from external customers            | $ | 340,741 |   |   | $ | 26,788 |   |   | $ | 3,616 |   |   | $ | 371,145 |   |   | $ | — |   |   | $ | 371,145 |   |
| Intersegment net sales                      | 7,892 |   |   | — |   |   | — |   |   | 7,892 |   |   | (7,892 | ) |   | — |   |
| Operating (loss) income                     | (5,680 | ) |   | (356 | ) |   | 351 |   |   | (5,685 | ) |   | (25 | ) |   | (5,710 | ) |
| For the thirteen weeks ended March 28, 2010 |   |   |   |   |   |   |   |   |   |   |   |
| Revenues from external customers            | $ | 316,731 |   |   | $ | 25,098 |   |   | $ | 3,043 |   |   | $ | 344,872 |   |   | $ | — |   |   | $ | 344,872 |   |
| Intersegment net sales                      | 3,671 |   |   | — |   |   | — |   |   | 3,671 |   |   | (3,671 | ) |   | — |   |
| Operating income (loss)                     | 3,509 |   |   | (1,405 | ) |   | 326 |   |   | 2,430 |   |   | 69 |   |   | 2,499 |   |

|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |  |  |  |  |  |
|                                                | For the thirteen weeks ended |
| (in thousands)                                      | March 27, 2011 |   | March 28, 2010 |
| Operating income (loss):                            |   |   |   |
| Total segment and other operating (loss) income     | $ | (5,685 | ) |   | $ | 2,430 |   |
| Elimination of intersegment operating (income) loss | (25 | ) |   | 69 |   |
| Interest expense                                    | (17,316 | ) |   | (17,134 | ) |
| Interest income                                     | 34 |   |   | 34 |   |
| Foreign currency exchange loss, net                 | (2,158 | ) |   | (1,376 | ) |
| Loss before income taxes                            | $ | (25,150 | ) |   | $ | (15,977 | ) |

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|------------------------------------------------------------|
|                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                       | Condensed Consolidated Balance SheetMarch 27, 2011(In thousands) |
|                                                       | SoloDelaware(1) |   | SFHoldings(2)(Guarantor) |   | SCOC(3) |   | OtherGuarantors(4) |   | Non-Guarantors |   | Eliminations |   | Consolidated |
| Assets                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current assets:                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents                                  | $ | — |   |   | $ | — |   |   | $ | 1,850 |   |   | $ | 5,701 |   |   | $ | 8,809 |   |   | $ | — |   |   | $ | 16,360 |   |
| Accounts receivable - trade                                | — |   |   | — |   |   | 88,038 |   |   | 17,988 |   |   | 20,356 |   |   | — |   |   | 126,382 |   |
| Accounts receivable - other                                | 2,072 |   |   | — |   |   | 22,554 |   |   | 2,185 |   |   | — |   |   | (22,139 | ) |   | 4,672 |   |
| Inventories                                                | — |   |   | — |   |   | 230,049 |   |   | 19,395 |   |   | 25,841 |   |   | (2,912 | ) |   | 272,373 |   |
| Deferred income taxes                                      | — |   |   | — |   |   | 10,707 |   |   | — |   |   | 549 |   |   | — |   |   | 11,256 |   |
| Prepaid expenses and other current assets                  | — |   |   | — |   |   | 18,490 |   |   | 2,269 |   |   | 1,882 |   |   | — |   |   | 22,641 |   |
| Total current assets                                       | 2,072 |   |   | — |   |   | 371,688 |   |   | 47,538 |   |   | 57,437 |   |   | (25,051 | ) |   | 453,684 |   |
| Property, plant and equipment, net                         | — |   |   | — |   |   | 367,446 |   |   | 12,536 |   |   | 30,793 |   |   | — |   |   | 410,775 |   |
| Intangible assets, net                                     | — |   |   | — |   |   | 856 |   |   | — |   |   | — |   |   | — |   |   | 856 |   |
| Intercompany receivables - non-current                     | 184,093 |   |   | — |   |   | 6,088 |   |   | — |   |   | — |   |   | (190,181 | ) |   | — |   |
| Intercompany debt - non-current                            | 400,728 |   |   | — |   |   | 39,467 |   |   | — |   |   | — |   |   | (440,195 | ) |   | — |   |
| Investments in subsidiaries                                | (70,147 | ) |   | 255,802 |   |   | 56,275 |   |   | — |   |   | 20,473 |   |   | (262,403 | ) |   | — |   |
| Other assets                                               | 11,068 |   |   | — |   |   | 9,582 |   |   | 1,014 |   |   | 2,648 |   |   | — |   |   | 24,312 |   |
| Total assets                                               | $ | 527,814 |   |   | $ | 255,802 |   |   | $ | 851,402 |   |   | $ | 61,088 |   |   | $ | 111,351 |   |   | $ | (917,830 | ) |   | $ | 889,627 |   |
| Liabilities and Shareholder’s (Deficit) Equity       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current liabilities:                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Accounts payable                                           | $ | — |   |   | $ | — |   |   | $ | 71,481 |   |   | $ | 11,737 |   |   | $ | 5,828 |   |   | $ | — |   |   | $ | 89,046 |   |
| Intercompany payable                                       | — |   |   | — |   |   | 4,257 |   |   | 8,404 |   |   | 9,480 |   |   | (22,141 | ) |   | — |   |
| Accrued expenses and other current liabilities             | 16,429 |   |   | — |   |   | 86,731 |   |   | 1,766 |   |   | 6,366 |   |   | — |   |   | 111,292 |   |
| Current maturities of long-term debt                       | — |   |   | — |   |   | 173 |   |   | 273 |   |   | — |   |   | — |   |   | 446 |   |
| Total current liabilities                                  | 16,429 |   |   | — |   |   | 162,642 |   |   | 22,180 |   |   | 21,674 |   |   | (22,141 | ) |   | 200,784 |   |
| Long-term debt, net of current maturities                  | 620,870 |   |   | — |   |   | 41,694 |   |   | 741 |   |   | 1,330 |   |   | — |   |   | 664,635 |   |
| Long-term debt, net of current maturities - intercompany   | — |   |   | 135,768 |   |   | 264,960 |   |   | 39,465 |   |   | — |   |   | (440,193 | ) |   | — |   |
| Deferred income taxes                                      | — |   |   | — |   |   | 11,266 |   |   | — |   |   | 1,482 |   |   | — |   |   | 12,748 |   |
| Long-term payable - intercompany                           | — |   |   | 190,181 |   |   | — |   |   | — |   |   | — |   |   | (190,181 | ) |   | — |   |
| Other long-term liabilities                                | — |   |   | — |   |   | 115,038 |   |   | 522 |   |   | 5,385 |   |   | — |   |   | 120,945 |   |
| Total liabilities                                          | 637,299 |   |   | 325,949 |   |   | 595,600 |   |   | 62,908 |   |   | 29,871 |   |   | (652,515 | ) |   | 999,112 |   |
| Total shareholder’s (deficit) equity                 | (109,485 | ) |   | (70,147 | ) |   | 255,802 |   |   | (1,820 | ) |   | 81,480 |   |   | (265,315 | ) |   | (109,485 | ) |
| Total liabilities and shareholder’s (deficit) equity | $ | 527,814 |   |   | $ | 255,802 |   |   | $ | 851,402 |   |   | $ | 61,088 |   |   | $ | 111,351 |   |   | $ | (917,830 | ) |   | $ | 889,627 |   |

|     |                                                                                   |
|-----|-----------------------------------------------------------------------------------|
| (1) | Issuer of 8.5% Senior Subordinated Notes; co-issuer of 10.5% Senior Secured Notes |

|     |                                                                            |
|-----|----------------------------------------------------------------------------|
| (2) | Guarantor of 8.5% Senior Subordinated Notes and 10.5% Senior Secured Notes |

|     |                                                                                      |
|-----|--------------------------------------------------------------------------------------|
| (3) | Guarantor of 8.5% Senior Subordinated Notes; co-issuer of 10.5% Senior Secured Notes |

|     |                                                                             |
|-----|-----------------------------------------------------------------------------|
| (4) | Guarantors of 8.5% Senior Subordinated Notes and 10.5% Senior Secured Notes |

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Table of Contents

|                                                            |
|------------------------------------------------------------|
|                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                       | Condensed Consolidated Balance SheetDecember 26, 2010(In thousands) |
|                                                       | SoloDelaware |   | SFHoldings(Guarantor) |   | SCOC |   | OtherGuarantors |   | Non-Guarantors |   | Eliminations |   | Consolidated |
| Assets                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current assets:                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash and cash equivalents                                  | $ | — |   |   | $ | — |   |   | $ | 7,455 |   |   | $ | 4,896 |   |   | $ | 9,160 |   |   | $ | — |   |   | $ | 21,511 |   |
| Accounts receivable - trade                                | — |   |   | — |   |   | 82,118 |   |   | 16,612 |   |   | 17,483 |   |   | — |   |   | 116,213 |   |
| Accounts receivable - other                                | 2,756 |   |   | — |   |   | 15,633 |   |   | 2,184 |   |   | — |   |   | (16,061 | ) |   | 4,512 |   |
| Inventories                                                | — |   |   | — |   |   | 189,455 |   |   | 15,625 |   |   | 24,598 |   |   | (2,089 | ) |   | 227,589 |   |
| Deferred income taxes                                      | — |   |   | — |   |   | 12,573 |   |   | — |   |   | 483 |   |   | — |   |   | 13,056 |   |
| Restricted cash                                            | 1,940 |   |   | — |   |   | — |   |   | — |   |   | — |   |   | — |   |   | 1,940 |   |
| Prepaid expenses and other current assets                  | — |   |   | — |   |   | 20,379 |   |   | 1,726 |   |   | 1,743 |   |   | — |   |   | 23,848 |   |
| Total current assets                                       | 4,696 |   |   | — |   |   | 327,613 |   |   | 41,043 |   |   | 53,467 |   |   | (18,150 | ) |   | 408,669 |   |
| Property, plant and equipment, net                         | — |   |   | — |   |   | 385,381 |   |   | 12,905 |   |   | 30,827 |   |   | — |   |   | 429,113 |   |
| Intangible asssets, net                                    | — |   |   | — |   |   | 910 |   |   | — |   |   | — |   |   | — |   |   | 910 |   |
| Intercompany receivables - non-current                     | 178,021 |   |   | — |   |   | 6,088 |   |   | — |   |   | — |   |   | (184,109 | ) |   | — |   |
| Intercompany debt - non-current                            | 407,488 |   |   | — |   |   | 37,894 |   |   | — |   |   | — |   |   | (445,382 | ) |   | — |   |
| Investments in subsidiaries                                | (51,681 | ) |   | 268,197 |   |   | 56,089 |   |   | — |   |   | 19,488 |   |   | (292,093 | ) |   | — |   |
| Other assets                                               | 11,984 |   |   | — |   |   | 9,915 |   |   | 1,662 |   |   | 2,419 |   |   | — |   |   | 25,980 |   |
| Total assets                                               | $ | 550,508 |   |   | $ | 268,197 |   |   | $ | 823,890 |   |   | $ | 55,610 |   |   | $ | 106,201 |   |   | $ | (939,734 | ) |   | $ | 864,672 |   |
| Liabilities and Shareholder’s Equity (Deficit)       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Current liabilities:                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Accounts payable                                           | $ | — |   |   | $ | — |   |   | $ | 46,925 |   |   | $ | 10,861 |   |   | $ | 5,272 |   |   | $ | — |   |   | $ | 63,058 |   |
| Intercompany payable                                       | — |   |   | — |   |   | 5,265 |   |   | 4,805 |   |   | 5,991 |   |   | (16,061 | ) |   | — |   |
| Accrued expenses and other current liabilities             | 17,476 |   |   | — |   |   | 89,448 |   |   | 1,649 |   |   | 6,495 |   |   | — |   |   | 115,068 |   |
| Current maturities of long-term debt                       | — |   |   | — |   |   | 168 |   |   | 262 |   |   | — |   |   | — |   |   | 430 |   |
| Total current liabilities                                  | 17,476 |   |   | — |   |   | 141,806 |   |   | 17,577 |   |   | 17,758 |   |   | (16,061 | ) |   | 178,556 |   |
| Long-term debt, net of current maturities                  | 620,536 |   |   | — |   |   | 13,330 |   |   | 747 |   |   | 2,672 |   |   | — |   |   | 637,285 |   |
| Long-term debt, net of current maturities - intercompany   | — |   |   | 135,768 |   |   | 271,720 |   |   | 37,893 |   |   | — |   |   | (445,381 | ) |   | — |   |
| Deferred income taxes                                      | — |   |   | — |   |   | 13,132 |   |   | — |   |   | 1,744 |   |   | — |   |   | 14,876 |   |
| Long-term payable - intercompany                           | — |   |   | 184,110 |   |   | — |   |   | — |   |   | — |   |   | (184,110 | ) |   | — |   |
| Other long-term liabilities                                | — |   |   | — |   |   | 115,705 |   |   | 667 |   |   | 5,087 |   |   | — |   |   | 121,459 |   |
| Total liabilities                                          | 638,012 |   |   | 319,878 |   |   | 555,693 |   |   | 56,884 |   |   | 27,261 |   |   | (645,552 | ) |   | 952,176 |   |
| Total shareholder’s equity (deficit)                 | (87,504 | ) |   | (51,681 | ) |   | 268,197 |   |   | (1,274 | ) |   | 78,940 |   |   | (294,182 | ) |   | (87,504 | ) |
| Total liabilities and shareholder’s equity (deficit) | $ | 550,508 |   |   | $ | 268,197 |   |   | $ | 823,890 |   |   | $ | 55,610 |   |   | $ | 106,201 |   |   | $ | (939,734 | ) |   | $ | 864,672 |   |

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|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                         | Consolidated Statement of OperationsFor the thirteen weeks ended March 27, 2011(In thousands) |
|                                         | SoloDelaware |   | SF Holdings(Guarantor) |   | SCOC |   | OtherGuarantors |   | Non-Guarantors |   | Eliminations |   | Consolidated |
| Net sales                                    | $ | — |   |   | $ | — |   |   | $ | 315,073 |   |   | $ | 26,815 |   |   | $ | 52,352 |   |   | $ | (23,095 | ) |   | $ | 371,145 |   |
| Cost of goods sold                           | — |   |   | — |   |   | 290,258 |   |   | 24,998 |   |   | 48,235 |   |   | (22,767 | ) |   | 340,724 |   |
| Gross profit                                 | — |   |   | — |   |   | 24,815 |   |   | 1,817 |   |   | 4,117 |   |   | (328 | ) |   | 30,421 |   |
| Selling, general and administrative expenses | — |   |   | — |   |   | 30,117 |   |   | 2,172 |   |   | 3,325 |   |   | (27 | ) |   | 35,587 |   |
| Loss on asset disposals                      | — |   |   | — |   |   | 369 |   |   | — |   |   | 175 |   |   | — |   |   | 544 |   |
| Operating (loss) income                      | — |   |   | — |   |   | (5,671 | ) |   | (355 | ) |   | 617 |   |   | (301 | ) |   | (5,710 | ) |
| Interest expense, net                        | 3,519 |   |   | 6,070 |   |   | 7,485 |   |   | 161 |   |   | 47 |   |   | — |   |   | 17,282 |   |
| Foreign currency exchange loss (gain), net   | — |   |   | — |   |   | 1,505 |   |   | (50 | ) |   | 703 |   |   | — |   |   | 2,158 |   |
| Equity in loss of subsidiaries               | 21,778 |   |   | 15,708 |   |   | 767 |   |   | — |   |   | — |   |   | (38,253 | ) |   | — |   |
| Loss before income taxes                     | (25,297 | ) |   | (21,778 | ) |   | (15,428 | ) |   | (466 | ) |   | (133 | ) |   | 37,952 |   |   | (25,150 | ) |
| Income tax provision (benefit)               | — |   |   | — |   |   | 280 |   |   | (22 | ) |   | (111 | ) |   | — |   |   | 147 |   |
| Net loss                                     | $ | (25,297 | ) |   | $ | (21,778 | ) |   | $ | (15,708 | ) |   | $ | (444 | ) |   | $ | (22 | ) |   | $ | 37,952 |   |   | $ | (25,297 | ) |
|                                         |   |
|                                         | Consolidated Statement of OperationsFor the thirteen weeks ended March 28, 2010(In thousands) |
|                                         | SoloDelaware |   | SF Holdings(Guarantor) |   | SCOC |   | OtherGuarantors |   | Non-Guarantors |   | Eliminations |   | Consolidated |
| Net sales                                    | $ | — |   |   | $ | — |   |   | $ | 288,597 |   |   | $ | 25,125 |   |   | $ | 43,788 |   |   | $ | (12,638 | ) |   | $ | 344,872 |   |
| Cost of goods sold                           | — |   |   | — |   |   | 255,461 |   |   | 24,612 |   |   | 39,143 |   |   | (12,628 | ) |   | 306,588 |   |
| Gross profit                                 | — |   |   | — |   |   | 33,136 |   |   | 513 |   |   | 4,645 |   |   | (10 | ) |   | 38,284 |   |
| Selling, general and administrative expenses | — |   |   | — |   |   | 30,362 |   |   | 1,875 |   |   | 2,613 |   |   | (28 | ) |   | 34,822 |   |
| Loss on asset disposals                      | — |   |   | — |   |   | 921 |   |   | 42 |   |   | — |   |   | — |   |   | 963 |   |
| Operating income (loss)                      | — |   |   | — |   |   | 1,853 |   |   | (1,404 | ) |   | 2,032 |   |   | 18 |   |   | 2,499 |   |
| Interest expense, net                        | 3,484 |   |   | 5,529 |   |   | 7,947 |   |   | 131 |   |   | 9 |   |   | — |   |   | 17,100 |   |
| Foreign currency exchange loss (gain), net   | — |   |   | — |   |   | 568 |   |   | 1,163 |   |   | (355 | ) |   | — |   |   | 1,376 |   |
| Equity in loss of subsidiaries               | 13,044 |   |   | 7,515 |   |   | 928 |   |   | — |   |   | — |   |   | (21,487 | ) |   | — |   |
| (Loss) income before income taxes            | (16,528 | ) |   | (13,044 | ) |   | (7,590 | ) |   | (2,698 | ) |   | 2,378 |   |   | 21,505 |   |   | (15,977 | ) |
| Income tax (benefit) provision               | — |   |   | — |   |   | (75 | ) |   | (33 | ) |   | 659 |   |   | — |   |   | 551 |   |
| Net (loss) income                            | $ | (16,528 | ) |   | $ | (13,044 | ) |   | $ | (7,515 | ) |   | $ | (2,665 | ) |   | $ | 1,719 |   |   | $ | 21,505 |   |   | $ | (16,528 | ) |

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|                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                 | Condensed Consolidated Statement of Cash FlowsFor the thirteen weeks ended March 27, 2011(In thousands) |
|                                                 | SoloDelaware |   | SF Holdings(Guarantor) |   | SCOC |   | OtherGuarantors |   | Non-Guarantors |   | Eliminations |   | Consolidated |
| CASH FLOWS FROM OPERATING ACTIVITIES                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash (used in) provided by operating activities  | $ | (8,700 | ) |   | $ | — |   |   | $ | (21,307 | ) |   | $ | 783 |   |   | $ | 1,945 |   |   | $ | — |   |   | $ | (27,279 | ) |
| CASH FLOWS FROM INVESTING ACTIVITIES                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Proceeds from sale of property, plant and equipment  | — |   |   | — |   |   | 1,098 |   |   | — |   |   | — |   |   | (9 | ) |   | 1,089 |   |
| Purchases of property, plant and equipment           | — |   |   | — |   |   | (7,003 | ) |   | (175 | ) |   | (50 | ) |   | 9 |   |   | (7,219 | ) |
| Decrease in restricted cash                          | 1,940 |   |   | — |   |   | — |   |   | — |   |   | — |   |   | — |   |   | 1,940 |   |
| Net cash provided by (used in) investing activities  | 1,940 |   |   | — |   |   | (5,905 | ) |   | (175 | ) |   | (50 | ) |   | — |   |   | (4,190 | ) |
| CASH FLOWS FROM FINANCING ACTIVITIES                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net borrowings under revolving credit facilities     | — |   |   | — |   |   | 28,407 |   |   | — |   |   | (1,418 | ) |   | — |   |   | 26,989 |   |
| Repayments of other debt                             | — |   |   | — |   |   | (40 | ) |   | (70 | ) |   | — |   |   | — |   |   | (110 | ) |
| Collection on (repayment of) intercompany debt       | 6,760 |   |   | — |   |   | (6,760 | ) |   | — |   |   | — |   |   | — |   |   | — |   |
| Net cash provided by (used in) financing activities  | 6,760 |   |   | — |   |   | 21,607 |   |   | (70 | ) |   | (1,418 | ) |   | — |   |   | 26,879 |   |
| Effect of exchange rate changes on cash              | — |   |   | — |   |   | — |   |   | 267 |   |   | (828 | ) |   | — |   |   | (561 | ) |
| Net (decrease) increase in cash and cash equivalents | — |   |   | — |   |   | (5,605 | ) |   | 805 |   |   | (351 | ) |   | — |   |   | (5,151 | ) |
| Cash and cash equivalents, beginning of period       | — |   |   | — |   |   | 7,456 |   |   | 4,895 |   |   | 9,160 |   |   | — |   |   | 21,511 |   |
| Cash and cash equivalents, end of period             | $ | — |   |   | $ | — |   |   | $ | 1,851 |   |   | $ | 5,700 |   |   | $ | 8,809 |   |   | $ | — |   |   | $ | 16,360 |   |

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|------------------------------------------------------|
|                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                 | Condensed Consolidated Statement of Cash FlowsFor the thirteen weeks ended March 28, 2010(In thousands) |
|                                                 | SoloDelaware |   | SF Holdings(Guarantor) |   | SCOC |   | OtherGuarantors |   | Non-Guarantors |   | Eliminations |   | Consolidated |
| CASH FLOWS FROM OPERATING ACTIVITIES                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net cash (used in) provided by operating activities  | $ | (8,917 | ) |   | $ | — |   |   | $ | (15,247 | ) |   | $ | (1,726 | ) |   | $ | 514 |   |   | $ | — |   |   | $ | (25,376 | ) |
| CASH FLOWS FROM INVESTING ACTIVITIES                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Proceeds from sale of property, plant and equipment  | — |   |   | — |   |   | 28 |   |   | 17 |   |   | — |   |   | (24 | ) |   | 21 |   |
| Purchases of property, plant and equipment           | — |   |   | — |   |   | (19,754 | ) |   | (137 | ) |   | (165 | ) |   | 24 |   |   | (20,032 | ) |
| Decrease in restricted cash                          | 2,170 |   |   | — |   |   | — |   |   | — |   |   | — |   |   | — |   |   | 2,170 |   |
| Net cash used in investing activities                | 2,170 |   |   | — |   |   | (19,726 | ) |   | (120 | ) |   | (165 | ) |   | — |   |   | (17,841 | ) |
| CASH FLOWS FROM FINANCING ACTIVITIES                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net borrowings under revolving credit facilities     | — |   |   | — |   |   | 42,300 |   |   | — |   |   | — |   |   | — |   |   | 42,300 |   |
| Repayments of term notes                             | — |   |   | — |   |   | — |   |   | — |   |   | (348 | ) |   | — |   |   | (348 | ) |
| Return of capital to parent                          | (100 | ) |   | — |   |   | — |   |   | — |   |   | — |   |   | — |   |   | (100 | ) |
| Collection on (repayment of) intercompany debt       | 7,173 |   |   | — |   |   | (7,173 | ) |   | — |   |   | — |   |   | — |   |   | — |   |
| Repayments of other debt                             | — |   |   | — |   |   | — |   |   | (64 | ) |   | — |   |   | — |   |   | (64 | ) |
| Debt issuance costs                                  | (326 | ) |   | — |   |   | (154 | ) |   | — |   |   | — |   |   | — |   |   | (480 | ) |
| Net cash (used in) provided by financing activities  | 6,747 |   |   | — |   |   | 34,973 |   |   | (64 | ) |   | (348 | ) |   | — |   |   | 41,308 |   |
| Effect of exchange rate changes on cash              | — |   |   | — |   |   | — |   |   | (151 | ) |   | 479 |   |   | — |   |   | 328 |   |
| Net (decrease) increase in cash and cash equivalents | — |   |   | — |   |   | — |   |   | (2,061 | ) |   | 480 |   |   | — |   |   | (1,581 | ) |
| Cash and cash equivalents, beginning of period       | — |   |   | — |   |   | 5 |   |   | 4,517 |   |   | 25,484 |   |   | — |   |   | 30,006 |   |
| Cash and cash equivalents, end of period             | $ | — |   |   | $ | — |   |   | $ | 5 |   |   | $ | 2,456 |   |   | $ | 25,964 |   |   | $ | — |   |   | $ | 28,425 |   |

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|         |                                                                                              |
|---------|----------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations. |

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                   | Estimated range |   | Incurred (expensed) |
|                                   | As of |   | Year ended |   | Thirteen weeks ended |   | Life to date |
|                                   | March 27, 2011 |   | December 26, 2010 |   | March 27, 2011 |   | March 27, 2011 |
| Severance                              | $ | 7 |   |   | $ | 7 |   |   | $ | 7 |   |   | $ | — |   |   | $ | 7 |   |
| Equipment relocation and related costs | 20 |   |   | 22 |   |   | 5 |   |   | 6 |   |   | 11 |   |
| Pension plan curtailment loss          | 2 |   |   | 2 |   |   | 2 |   |   | — |   |   | 2 |   |
| Accrual of remaining lease payments    | 4 |   |   | 6 |   |   | — |   |   | — |   |   | — |   |
| Asset impairment                       | 17 |   |   | 17 |   |   | 17 |   |   | — |   |   | 17 |   |
| Accelerated depreciation               | 65 |   |   | 70 |   |   | 40 |   |   | 9 |   |   | 49 |   |
| Total expected costs                   | $ | 115 |   |   | $ | 124 |   |   | $ | 71 |   |   | $ | 15 |   |   | $ | 86 |   |

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|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                         | For the thirteen weeks ended |   | Favorable (Unfavorable) |
| (In millions)                                | March 27, 2011 |   | March 28, 2010 |   | $ |   | % |
| Net sales                                    | $ | 371.1 |   |   | $ | 344.9 |   |   | $ | 26.2 |   |   | 7.6 |   |
| Cost of goods sold                           | 340.7 |   |   | 306.6 |   |   | (34.1 | ) |   | (11.1 | ) |
| Gross profit                                 | 30.4 |   |   | 38.3 |   |   | (7.9 | ) |   | (20.6 | ) |
| Selling, general and administrative expenses | 35.6 |   |   | 34.8 |   |   | (0.8 | ) |   | (2.3 | ) |
| Loss on asset disposals                      | 0.5 |   |   | 1.0 |   |   | 0.5 |   |   | 50.0 |   |
| Operating (loss) income                      | (5.7 | ) |   | 2.5 |   |   | (8.2 | ) |   | * |   |
| Interest expense, net                        | 17.3 |   |   | 17.1 |   |   | (0.2 | ) |   | (1.2 | ) |
| Foreign currency exchange loss, net          | 2.2 |   |   | 1.4 |   |   | (0.8 | ) |   | (57.1 | ) |
| Loss before income taxes                     | (25.2 | ) |   | (16.0 | ) |   | (9.2 | ) |   | (57.5 | ) |
| Income tax provision                         | 0.1 |   |   | 0.5 |   |   | 0.4 |   |   | 80.0 |   |
| Net loss                                     | $ | (25.3 | ) |   | $ | (16.5 | ) |   | $ | (8.8 | ) |   | (53.3 | ) |

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|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |
|                                      | For the thirteen weeks ended |
| (in thousands)                            | March 27, 2011 |   | March 28, 2010 |
| Net cash used in operating activities     | $ | (27,279 | ) |   | $ | (25,376 | ) |
| Net cash used in investing activities     | (4,190 | ) |   | (17,841 | ) |
| Net cash provided by financing activities | 26,879 |   |   | 41,308 |   |

|                                            |
|--------------------------------------------|
|                                            |  |  |  |
|                                       | March 27, 2011 |
| Long-term debt:                            |   |
| 10.5% Senior Secured Notes due 2013        | $ | 300,000 |   |
| Unamortized discount                       | (4,130 | ) |
| 10.5% Senior Secured Notes due 2013, net   | 295,870 |   |
| 8.5% Senior Subordinated Notes due 2014    | 325,000 |   |
| Asset-based Revolving Credit Facility      | 38,435 |   |
| Canadian Revolving Credit Facility         | 1,329 |   |
| Capital lease obligations                  | 4,447 |   |
| Total long-term debt                       | 665,081 |   |
| Less: Current maturities of long-term debt | 446 |   |
| Long-term debt, net of current maturities  | $ | 664,635 |   |

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|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                     | CommitmentAmount |   | AmountsOutstanding |   | Letters ofCredit(1) |   | AvailableCapacity |
| Asset-based revolving credit facility(2) | $ | 200,000 |   |   | $ | 38,435 |   |   | $ | 12,246 |   |   | $ | 113,648 |   |
| Canadian revolving credit facility(3)    | 17,383 |   |   | 1,329 |   |   | — |   |   | 11,343 |   |
|                                     | $ | 217,383 |   |   | $ | 39,764 |   |   | $ | 12,246 |   |   | $ | 124,991 |   |

|     |                                                                                                       |
|-----|-------------------------------------------------------------------------------------------------------|
| (1) | Availability under the credit facilities is reduced by letters of credit issued under the facilities. |

|     |                                                                                                                                                                                                                           |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The commitment amount for the asset-based revolving credit facility is $200.0 million; however, available capacity was $113.6 million due to the borrowing base limit of $164.3 million in effect at March 27, 2011. |

|     |                                                                                                                                                                                                                                                                         |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | The commitment amount for the Canadian revolving credit facility is CA$17.0 million (approximately $17.4 million); however, available capacity was CA$11.1 million (approximately $11.3 million) due to the borrowing base limit in effect at March 27, 2011. |

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|         |                                                                                                                             |
|---------|-----------------------------------------------------------------------------------------------------------------------------|
| • | the impact of the continuing global recession and restricted credit markets on our cash flow and debt service requirements; |

|         |                                                                                                                                                                     |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the impact of our significant current and future debt level on the availability of cash flows for operations, our financial health and our ability to service debt; |

|         |                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------|
| • | the impact of covenant restrictions under our debt agreements on our ability to operate our business; |

|         |                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the impact of economic, financial, industry conditions and our continued realization of cost savings on our ability to drive capital growth to service our debt; |

|         |                                                                                                                                                |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------|
| • | our ability to implement successfully our manufacturing footprint optimization plan and other measures designed to improve our cost structure; |

|         |                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the impact of any downgrades in our corporate ratings on the credit terms offered to us by our vendors and the interest rates offered to us if we require additional capital or financing; |

|         |                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------|
| • | the availability of, and our ability to pass on increases in the price of, raw materials, energy and fuel; |

|         |                                                                                             |
|---------|---------------------------------------------------------------------------------------------|
| • | the impact of competitive products and pricing and fluctuations in demand for our products; |

|         |                                                                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | effect of increased regulation of certain raw materials used in our products and changing federal, state, foreign and local environmental and occupational health and safety laws and regulations; |

|         |                                                                                                                      |
|---------|----------------------------------------------------------------------------------------------------------------------|
| • | the impact of any significant deficiencies or material weaknesses in our internal controls over financial reporting; |

|         |                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------|
| • | the risks associated with conducting business in multiple foreign jurisdictions, including foreign currency exchange rate fluctuations; |

|         |                                                                    |
|---------|--------------------------------------------------------------------|
| • | our ability to improve existing products and develop new products; |

|         |                                                                 |
|---------|-----------------------------------------------------------------|
| • | a catastrophic loss of one of our key manufacturing facilities; |

|         |                                                                                                                      |
|---------|----------------------------------------------------------------------------------------------------------------------|
| • | the potential conflicts of interest between our noteholders and the stockholders of Solo Cup Investment Corporation; |

|         |                                                     |
|---------|-----------------------------------------------------|
| • | the loss of one or more of our principal customers; |

|         |                                                                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the risks associated with acquisitions and divestitures, including the assumption of undisclosed liabilities and the potential diversion of management attention from other business activities; |

|         |                                                                                    |
|---------|------------------------------------------------------------------------------------|
| • | our ability to enforce our intellectual property and other proprietary rights; and |

|         |                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------|
| • | the impact that financial market conditions have on our requirements to fund our pension plans. |

----

Table of Contents

|         |                                                             |
|---------|-------------------------------------------------------------|
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk. |

|         |                          |
|---------|--------------------------|
| Item 4. | Controls and Procedures. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (a) | Disclosure Controls and Procedures. The Company’s management, with the participation of the Company’s chief executive officer and chief financial officer, evaluated the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) as of the end of the period covered by this report. Based upon that evaluation, the Company’s chief executive officer and chief financial officer concluded that, as of the end of such period, the Company’s disclosure controls and procedures were effective. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b) | Changes in Internal Control over Financial Reporting. There have been no changes in the Company’s internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the thirteen weeks ended March 27, 2011, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting. |

----

Table of Contents

|         |                    |
|---------|--------------------|
| Item 1. | Legal Proceedings. |

|          |               |
|----------|---------------|
| Item 1A. | Risk Factors. |

|         |                                                              |
|---------|--------------------------------------------------------------|
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds. |

|         |                                  |
|---------|----------------------------------|
| Item 3. | Defaults upon Senior Securities. |

|         |                         |
|---------|-------------------------|
| Item 4. | (Removed and Reserved). |

|         |                    |
|---------|--------------------|
| Item 5. | Other Information. |

|         |           |
|---------|-----------|
| Item 6. | Exhibits. |

|        |
|--------|
|        |  |
| 31.1   | Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|   |   |
| 31.2   | Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|   |   |
| 32.1   | Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|   |   |
| 32.2   | Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |

----

Table of Contents

|        |
|--------|
|        |  |  |  |  |
|   |   | SOLO CUP COMPANY |
|   |   |   |   |   |
| Date:  | May 10, 2011 | By: |   | /s/ Robert D. Koney, Jr. |
|   |   |   |   | Robert D. Koney, Jr. |
|   |   |   |   | Executive Vice President and Chief Financial Officer |
|   |   |   |   | (Principal Financial and Accounting Officer and Duly Authorized Officer) |

----

Table of Contents

|        |
|--------|
|        |  |
| 31.1   | Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|   |   |
| 31.2   | Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|   |   |
| 32.1   | Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|   |   |
| 32.2   | Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |