| Delaware                                |   | 75-1277589                                          |
|-----------------------------------------|--------|-----------------------------------------------------|
| (State                of Incorporation) |   | (I.R.S.                Employer Identification No.) |

|   | Yes                x |   | No** **o |   |
|--------|----------------------|--------|---------------|--------|

| Large                accelerated filer o | Accelerated                filer o | Non-accelerated                filer x |
|------------------------------------------|------------------------------------|----------------------------------------|

|   | Yes                o |   | No** **x |   |
|--------|----------------------|--------|---------------|--------|

| Class                                     |   | Outstanding                at October 31, 2006 |
|-------------------------------------------|--------|------------------------------------------------|
| Common                Stock, $1 Par Value |   | 7,957,377                Shares                |

----

|                |                                       |                                                                                          |  Page |
|---------------------|--------------------------------------------|-----------------------------------------------------------------------------------------------|------------|
|  PART I   |  FINANCIAL                INFORMATION |                                                                                          |       |
|                |                                       |                                                                                          |       |
|                |  Item 1.                              |  Financial Statements:                                                                   |       |
|                |                                       |                                                                                          |       |
|                |                                       |  Condensed              Consolidated Balance Sheets                                      |       |
|                |                                       |  September 30, 2006 and December 31,              2005 (unaudited)                       |  3,4  |
|                |                                       |                                                                                          |       |
|                |                                       |  Condensed              Consolidated Statements of Operations                            |       |
|                |                                       |  Three Months and Nine Months Ended              September 30, 2006 and 2005 (unaudited) |  5    |
|                |                                       |                                                                                          |       |
|                |                                       |  Condensed              Consolidated Statements of Cash Flows                            |       |
|                |                                       |  Nine Months Ended September 30, 2006              and 2005 (unaudited)                  |  6    |
|                |                                       |                                                                                          |       |
|                |                                       |  Notes to Condensed Consolidated              Financial Statements (unaudited)           |  7    |
|                |                                       |                                                                                          |       |
|                |  Item 2.                         |  Management's              Discussion and Analysis of Financial                          |       |
|                |                                       |  Condition and Results of              Operations                                        |  30   |
|                |                                       |                                                                                          |       |
|                |  Item 3.                         |  Quantitative and Qualitative              Disclosures about Market Risk            |  46   |
|                |                                       |                                                                                          |       |
|                |  Item 4.                         |  Controls and Procedures                                                            |  47   |
|                |                                       |                                                                                          |       |
|                |                                       |                                                                                          |       |
|  PART II  |  OTHER INFORMATION                    |                                                                                          |       |
|                |                                       |                                                                                          |       |
|                |  Item 1.                    |  Legal Proceedings                                                                  |  50   |
|                |                                       |                                                                                          |       |
|                |  Item 1A.                        |  Risk Factors                                                                       |  50   |
|                |                                       |                                                                                          |       |
|                |  Item 2.                         |  Unregistered Sales of Equity Securities              and Use of Proceeds                |  50   |
|                |                                       |                                                                                          |       |
|                |  Item 3.                         |  Defaults Upon Senior              Securities                                       |  50   |
|                |                                       |                                                                                          |       |
|                |  Item 4.                         |  Submission of Matters to a Vote of              Security Holders                   |  50   |
|                |                                       |                                                                                          |       |
|                |  Item 5.                         |  Other Information                                                                  |  50   |
|                |                                       |                                                                                          |       |
|                |  Item 6.                              |  Exhibits                                                                           |  50   |
|                |                                       |                                                                                          |       |
|                |  Signatures                           |                                                                                          |  52   |

----

|                                                                            |   | September                  30, |    | December                  31, |   |
|----------------------------------------------------------------------------|--------|--------------------------------|---------|-------------------------------|--------|
|                                                                       |   | 2006                           |    | 2005                          |   |
| CURRENT                  ASSETS:                                           |   |                           |    |                          |   |   |   |
|                                                                       |   |                           |    |                          |   |   |   |
| Cash                  and cash equivalents                            |   | $                              | 4,117   |                          | $      | 8,421 |   |
| Accounts                  receivable, net                             |   |                           | 66,966  |                          |   | 63,612 |   |
| Inventories,                  net                                     |   |                           | 60,247  |                          |   | 62,799 |   |
| Other                  current assets                                 |   |                           | 4,376   |                          |   | 3,600 |   |
| Assets                  held for sale                                 |   |                           | 12,152  |                          |   | - |   |
|                                                                       |   |                           |    |                          |   |   |   |
|  Total                  current assets                                |   |                           | 147,858 |                          |   | 138,432 |   |
|                                                                       |   |                           |    |                          |   |   |   |
|                                                                       |   |                           |    |                          |   |   |   |
| OTHER                  ASSETS:                                             |   |                           |    |                          |   |   |   |
|                                                                       |   |                           |    |                          |   |   |   |
| Goodwill                                                              |   |                           | 665     |                          |   | 665 |   |
| Intangibles,                  net                                     |   |                           | 6,481   |                          |   | 6,946 |   |
| Other                                                                 |   |                           | 9,253   |                          |   | 8,643 |   |
|                                                                       |   |                           |    |                          |   |   |   |
|  Total                  other assets                                  |   |                           | 16,399  |                          |   | 16,254 |   |
|                                                                       |   |                           |    |                          |   |   |   |
|                                                                       |   |                           |    |                          |   |   |   |
| PROPERTY                  AND EQUIPMENT                                    |   |                           |    |                          |   |   |   |
| Land                  and improvements                                |   |                           | 336     |                          |   | 1,732 |   |
| Buildings                  and improvements                           |   |                           | 9,695   |                          |   | 14,011 |   |
| Machinery                  and equipment                              |   |                           | 119,206 |                          |   | 140,514 |   |
|                                                                       |   |                           |    |                          |   |   |   |
|                                                                       |   |                           | 129,237 |                          |   | 156,257 |   |
| Less                  - Accumulated depreciation                      |   |                           | (86,801 | )                             |   | (98,260 | ) |
|                                                                       |   |                           |    |                          |   |   |   |
|  Property                  and equipment, net                         |   |                           | 42,436  |                          |   | 57,997 |   |
|                                                                       |   |                           |    |                          |   |   |   |
|  Total                  assets                                        |   | $                              | 206,693 |                          | $      | 212,683 |   |
|                                                                       |   |                           |    |                          |   |   |   |
| See                  Notes to Condensed Consolidated Financial Statements. |   |                           |    |                          |   |   |   |

----

|                                                                                                               |   | September                  30, |    | December                  31, |   |
|---------------------------------------------------------------------------------------------------------------|--------|--------------------------------|---------|-------------------------------|--------|
|                                                                                                          |   | 2006                           |    | 2005                          |   |
| CURRENT                  LIABILITIES:                                                                         |   |                           |    |                          |   |   |   |
|                                                                                                          |   |                           |    |                          |   |   |   |
| Accounts                  payable                                                                        |   | $                              | 42,936  |                          | $      | 47,449 |   |
| Accrued                  compensation                                                                    |   |                           | 4,008   |                          |   | 4,071 |   |
| Accrued                  expenses                                                                        |   |                           | 38,659  |                          |   | 37,713 |   |
| Current                  maturities of long-term debt                                                    |   |                           | 2,857   |                          |   | 2,857 |   |
| Revolving                  credit agreement                                                              |   |                           | 49,729  |                          |   | 41,946 |   |
| Liabilities                  held for sale                                                               |   |                           | 3,434   |                          |   | - |   |
|                                                                                                          |   |                           |    |                          |   |   |   |
|  Total                  current liabilities                                                              |   |                           | 141,623 |                          |   | 134,036 |   |
|                                                                                                          |   |                           |    |                          |   |   |   |
| LONG-TERM                  DEBT, less current maturities                                                      |   |                           | 9,510   |                          |   | 12,857 |   |
|                                                                                                          |   |                           |    |                          |   |   |   |
| OTHER                  LIABILITIES                                                                            |   |                           | 9,012   |                          |   | 10,497 |   |
|                                                                                                          |   |                           |    |                          |   |   |   |
| Total                  liabilities                                                                            |   |                           | 160,145 |                          |   | 157,390 |   |
|                                                                                                          |   |                           |    |                          |   |   |   |
| COMMITMENTS                  AND CONTINGENCIES (Note 9)                                                       |   |                           | -       |                          |   | - |   |
|                                                                                                          |   |                           |    |                          |   |   |   |
| STOCKHOLDERS’                  EQUITY                                                                   |   |                           |    |                          |   |   |   |
| 15%                  Convertible Preferred Stock, $100 par value,                  authorized            |   |                           |    |                          |   |   |   |
|  1,200,000                  shares, issued and outstanding 1,131,551 shares,                             |   |                           |    |                          |   |   |   |
|  liquidation                  value $113,155                                                             |   |                           | 108,256 |                          |   | 108,256 |   |
| Common                  stock, $1 par value, authorized 35,000,000 shares,                               |   |                           |    |                          |   |   |   |
|  issued                  9,822,304 shares                                                                |   |                           | 9,822   |                          |   | 9,822 |   |
| Additional                  paid-in capital                                                              |   |                           | 26,968  |                          |   | 27,016 |   |
| Accumulated                  other comprehensive income                                                  |   |                           | 3,362   |                          |   | 3,158 |   |
| Accumulated                  deficit                                                                     |   |                           | (79,900 | )                             |   | (70,415 | ) |
| Treasury                  stock, at cost, 1,864,927 and 1,874,027 shares,                  respectively  |   |                           | (21,960 | )                             |   | (22,544 | ) |
|                                                                                                          |   |                           |    |                          |   |   |   |
|  Total                  stockholders' equity                                                             |   |                           | 46,548  |                          |   | 55,293 |   |
|                                                                                                          |   |                           |    |                          |   |   |   |
|  Total                  liabilities and stockholders' equity                                             |   | $                              | 206,693 |                          | $      | 212,683 |   |
|                                                                                                          |   |                           |    |                          |   |   |   |
| See                  Notes to Condensed Consolidated Financial Statements.                                    |   |                           |         |                          |   |   |   |

----

|                                                                                     |   | Three                  Months Ended |    | Nine                  Months Ended |   |
|-------------------------------------------------------------------------------------|--------|-------------------------------------|---------|------------------------------------|--------|
|                                                                                |   | September                  30,      |    | September                  30,     |   |
|                                                                                |   | 2006                                |    | 2005                               |   | 2006 |   | 2005 |   |
|                                                                                |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| Net                  sales                                                          |   | $                                   | 121,217 |                               | $      | 133,165 |   | $ | 285,653 |   | $ | 309,724 |   |
| Cost                  of goods sold                                                 |   |                                | 104,912 |                               |   | 116,402 |   |   | 246,468 |   |   | 273,460 |   |
| Gross                  profit                                                  |   |                                | 16,305  |                               |   | 16,763 |   |   | 39,185 |   |   | 36,264 |   |
| Selling,                  general and administrative expenses                       |   |                                | 11,753  |                               |   | 12,820 |   |   | 36,298 |   |   | 39,058 |   |
| Severance,                  restructuring and related charges                       |   |                                | 738     |                               |   | 254 |   |   | 1,591 |   |   | 892 |   |
| Loss                  (gain) on sale of assets                                      |   |                                | 49      |                               |   | (176 | ) |   | 103 |   |   | (342 | ) |
| Operating                  income (loss)                                       |   |                                | 3,765   |                               |   | 3,865 |   |   | 1,193 |   |   | (3,344 | ) |
| Interest                  expense                                                   |   |                                | (1,715  | )                                  |   | (1,457 | ) |   | (5,198 | ) |   | (4,031 | ) |
| Other,                  net                                                         |   |                                | 42      |                               |   | 215 |   |   | 466 |   |   | 203 |   |
|                                                                                |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| Income                  (loss) from continuing operations before provision          |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| for                  income taxes                                              |   |                                | 2,092   |                               |   | 2,623 |   |   | (3,539 | ) |   | (7,172 | ) |
| Provision                  for income taxes from continuing operations              |   |                                | 553     |                               |   | 304 |   |   | 1,211 |   |   | 722 |   |
|                                                                                |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| Income                  (loss) from continuing operations                           |   |                                | 1,539   |                               |   | 2,319 |   |   | (4,750 | ) |   | (7,894 | ) |
| Loss                  from operations of discontinued businesses                    |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| (net                  of tax)                                                  |   |                                | (151    | )                                  |   | (986 | ) |   | (849 | ) |   | (1,467 | ) |
| Loss                  on sale of discontinued businesses (net of tax)               |   |                                | (3,200  | )                                  |   | - |   |   | (3,130 | ) |   | - |   |
|                                                                                |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| (Loss)                  income before cumulative effect of a change in              |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| accounting                  principle                                          |   |                                | (1,812  | )                                  |   | 1,333 |   |   | (8,729 | ) |   | (9,361 | ) |
| Cumulative                  effect of a change in accounting principle (net of tax) |   |                                | -       |                               |   | - |   |   | (756 | ) |   | - |   |
|                                                                                |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| Net                  (loss) income                                                  |   | $                                   | (1,812  | )                                  | $      | 1,333 |   | $ | (9,485 | ) | $ | (9,361 | ) |
|                                                                                |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| (Loss)                  income per share of common stock - Basic:                   |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| Income                  (loss) from continuing operations                      |   | $                                   | 0.19    |                               | $      | 0.29 |   | $ | (0.60 | ) | $ | (0.99 | ) |
| Discontinued                  operations                                       |   |                                | (0.42   | )                                  |   | (0.12 | ) |   | (0.50 | ) |   | (0.19 | ) |
| Cumulative                  effect of a change in accounting principle         |   |                                | -       |                               |   | - |   |   | (0.09 | ) |   | - |   |
| Net                  (loss) income                                             |   | $                                   | (0.23   | )                                  | $      | 0.17 |   | $ | (1.19 | ) | $ | (1.18 | ) |
|                                                                                |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| (Loss)                  income per share of common stock - Diluted:                 |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| Income                  (loss) from continuing operations                      |   | $                                   | 0.06    |                               | $      | 0.09 |   | $ | (0.60 | ) | $ | (0.99 | ) |
| Discontinued                  operations                                       |   |                                | (0.13   | )                                  |   | (0.04 | ) |   | (0.50 | ) |   | (0.19 | ) |
| Cumulative                  effect of a change in accounting principle         |   |                                | -       |                               |   | - |   |   | (0.09 | ) |   | - |   |
| Net                  (loss) income                                             |   | $                                   | (0.07   | )                                  | $      | 0.05 |   | $ | (1.19 | ) | $ | (1.18 | ) |
|                                                                                |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| Weighted                  average common shares outstanding (thousands):            |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
|  Basic                                                                         |   |                                | 7,962   |                               |   | 7,951 |   |   | 7,971 |   |   | 7,948 |   |
|  Diluted                                                                       |   |                                | 26,825  |                               |   | 26,880 |   |   | 7,971 |   |   | 7,948 |   |
|                                                                                |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| See                  Notes to Condensed Consolidated Financial Statements.          |   |                                |    |                               |   |   |   |   |   |   |   |   |   |

----

|                                                                          |   | 2006   |   | 2005   |   |
|-------------------------------------------------------------------------------|--------|--------|--------|--------|--------|
| Cash                  flows from operating activities:                        |   |   |   |   |   |   |   |
| Net                  loss                                                |   | $      | (9,485 | )      | $      | (9,361 | ) |
| Loss                  from operations of discontinued business           |   |   | 3,979  |   |   | 1,467 |   |
| Loss                  from continuing operations                         |   |   | (5,506 | )      |   | (7,894 | ) |
| Cumulative                  effect of a change in accounting principle   |   |   | 756    |   |   | - |   |
| Depreciation                  and amortization                           |   |   | 6,578  |   |   | 6,733 |   |
| Amortization                  of debt issuance costs                     |   |   | 877    |   |   | 844 |   |
| Stock                  option expense                                    |   |   | 486    |   |   | 1,953 |   |
| Loss                  (gain) on sale of assets                           |   |   | 103    |   |   | (342 | ) |
|                                                                          |   |   | 3,294  |   |   | 1,294 |   |
| Changes                  in operating assets and liabilities:            |   |   |   |   |   |   |   |
|  Accounts                  receivable                                    |   |   | (8,589 | )      |   | (12,343 | ) |
|  Inventories                                                             |   |   | (2,201 | )      |   | 3,580 |   |
|  Other                  assets                                           |   |   | (490   | )      |   | (1,279 | ) |
|  Accounts                  payable                                       |   |   | 3,449  |   |   | 16,191 |   |
|  Accrued                  expenses                                       |   |   | 3,414  |   |   | 1,085 |   |
|  Other,                  net                                             |   |   | (3,478 | )      |   | (926 | ) |
|                                                                          |   |   | (7,895 | )      |   | 6,308 |   |
|                                                                          |   |   |   |   |   |   |   |
| Net                  cash (used in) provided by continuing operations         |   |   | (4,601 | )      |   | 7,602 |   |
| Net                  cash provided by (used in) discontinued operations       |   |   | 2,116  |   |   | (461 | ) |
| Net                  cash (used in) provided by operating activities     |   |   | (2,485 | )      |   | 7,141 |   |
|                                                                          |   |   |   |   |   |   |   |
| Cash                  flows from investing activities:                        |   |   |   |   |   |   |   |
| Capital                  expenditures of continuing operations           |   |   | (2,947 | )      |   | (5,402 | ) |
| Capital                  expenditures of discontinued operations         |   |   | (78    | )      |   | (383 | ) |
| Acquisition                  of business, net of cash acquired           |   |   | -      |   |   | (1,115 | ) |
| Collections                  of note receivable from sale of subsidiary  |   |   | -      |   |   | 106 |   |
| Proceeds                  from sale of discontinued operations, net      |   |   | 2,542  |   |   | - |   |
| Proceeds                  from sale of assets                            |   |   | 263    |   |   | 931 |   |
| Net                  cash used in investing activities                   |   |   | (220   | )      |   | (5,863 | ) |
|                                                                          |   |   |   |   |   |   |   |
| Cash                  flows from financing activities:                        |   |   |   |   |   |   |   |
| Net                  borrowings on revolving loans                       |   |   | 7,418  |   |   | 1,045 |   |
| Decrease                  in book overdraft                              |   |   | (5,031 | )      |   | - |   |
| Repayments                  of term loans                                |   |   | (3,347 | )      |   | (2,143 | ) |
| Direct                  costs associated with debt facilities            |   |   | (166   | )      |   | (244 | ) |
| Repurchases                  of common stock                             |   |   | (97    | )      |   | - |   |
| Proceeds                  from the exercise of stock options             |   |   | 147    |   |   | - |   |
| Net                  cash used in financing activities                   |   |   | (1,076 | )      |   | (1,342 | ) |
|                                                                          |   |   |   |   |   |   |   |
| Effect                  of exchange rate changes on cash and cash equivalents |   |   | (523   | )      |   | 166 |   |
| Net                  (decrease) increase in cash and cash equivalents         |   |   | (4,304 | )      |   | 102 |   |
| Cash                  and cash equivalents, beginning of period               |   |   | 8,421  |   |   | 8,525 |   |
| Cash                  and cash equivalents, end of period                     |   | $      | 4,117  |   | $      | 8,627 |   |
|                                                                          |   |   |   |   |   |   |   |
| Supplemental                  disclosure of non-cash investing activities:    |   |   |   |   |   |   |   |
| Note                  receivable from sale of discontinued operations    |   | $      | 1,200  |   | $      | - |   |
|                                                                          |   |   |   |   |   |   |   |
| See                  Notes to Condensed Consolidated Financial Statements.    |   |   |   |   |   |   |   |

----

|                                                        |   | September                  30, |   | December                  31, |   |
|--------------------------------------------------------|--------|--------------------------------|--------|-------------------------------|--------|
|                                                   |   | 2006                           |   | 2005                          |   |
|                                                   |   |                           |   |                          |   |   |   |
| Raw                  materials                         |   | $                              | 16,246 |                          | $      | 23,314 |   |
| Work                  in process                       |   |                           | 779    |                          |   | 1,766 |   |
| Finished                  goods                        |   |                           | 52,778 |                          |   | 48,949 |   |
| Excess                  and obsolete inventory reserve |   |                           | (4,213 | )                             |   | (4,548 | ) |
| LIFO                  reserve                          |   |                           | (5,343 | )                             |   | (6,682 | ) |
|                                                   |   | $                              | 60,247 |                          | $      | 62,799 |   |
|                                                   |   |                           |   |                          |   |   |   |

** **

*Inventory      Costs, an amendment of ARB No. 43, Chapter 4*

----

*Accounting      for Asset Retirement Obligations*

| SFAS                  No. 143 Obligation at December 31, 2005  |   | $      | 1,068  |   |
|----------------------------------------------------------------|--------|--------|--------|--------|
| Accretion                  expense                             |   |   | 38     |   |
| Changes                  in estimates, including timing        |   |   | -      |   |
| SFAS                  No. 143 Obligation at September 30, 2006 |   | $      | 1,106  |   |
|                                                           |   |   |   |   |

*Accounting      for Stock Issued to Employees*
*Accounting      for Stock-Based Compensation *
*Accounting      for Stock-Based Compensation - Transition and Disclosure *

*Share-Based      Payment*

----

|                                                                   |   | Three                  Months Ended |   | Nine                  Months Ended |   |
|------------------------------------------------------------------------|--------|-------------------------------------|--------|------------------------------------|--------|
|                                                                        |   | September                  30,      |   | September                  30,     |   |
|                                                                   |   | 2006                                |   | 2006                               |   |
|                                                                   |   |                                |   |                               |   |   |   |
| Selling,                  general and administrative expense           |   | $                                   | 354    |                               | $      | 381 |   |
| Cumulative                  effect of a change in accounting principle |   |                                | -      |                               |   | 756 |   |
|                                                                   |   | $                                   | 354    |                               | $      | 1,137 |   |
|                                                                   |   |                                |   |                               |   |   |   |

*Share-Based      Payment*

----

|                                                                                      |   |  Three                  Months Ended |   | Nine                  Months Ended  |   |
|-------------------------------------------------------------------------------------------|--------|-------------------------------------------|--------|-------------------------------------|--------|
|                                                                                           |   | September                  30, 2005       |   | September                  30, 2005 |   |
|                                                                                      |   |                                      |   |                                |   |   |   |
| Net                  income (loss)                                                        |   | $                                         | 1,333  |                                | $      | (9,361 | ) |
| Add:                  Stock-based employee compensation expense                           |   |                                      |   |                                |   |   |   |
|                       included in reported net income (loss), with no |   |                                      |   |                                |   |   |   |
|                       related tax effects                             |   |                                      | -      |                                |   | 1,953 |   |
| Deduct:                  Total stock-based employee                                       |   |                                      |   |                                |   |   |   |
|                       compensation expense determined under fair      |   |                                      |   |                                |   |   |   |
|                       value based method for all awards, with no      |   |                                      |   |                                |   |   |   |
|                       related tax effects                             |   |                                      | (120   | )                                   |   | (134 | ) |
|                                                                                      |   |                                      |   |                                |   |   |   |
| Pro                  forma net income (loss)                                              |   | $                                         | 1,213  |                                | $      | (7,542 | ) |
|                                                                                      |   |                                      |   |                                |   |   |   |
| Income                  (loss) per share - Basic:                                         |   |                                      |   |                                |   |   |   |
| As                  reported                                                              |   | $                                         | 0.17   |                                | $      | (1.18 | ) |
| Pro                  forma                                                                |   | $                                         | 0.15   |                                | $      | (0.95 | ) |
|                                                                                      |   |                                      |        |                                |   |  |   |
| Income                  (loss) per share - Diluted:                                       |   |                                      |   |                                |   |   |   |
| As                  reported                                                              |   | $                                         | 0.05   |                                | $      | (1.18 | ) |
| Pro                  forma                                                                |   | $                                         | 0.05   |                                | $      | (0.95 | ) |

*Accounting      for Derivative Financial Instruments and Hedging Activities*

----

|   |   | Notional                  Amount |                                                                                                                                                       | Maturity |   | Rate                  Paid       |   | Rate                  Received |   | Fair                  Value (2) |   |
|--------|--------|----------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|--------|----------------------------------|--------|--------------------------------|--------|---------------------------------|--------|
|   |   | $                                | 15,000                                                                                                                                                     |     |   | August                  17, 2007 |   |                           | 4.49%  |                            |   | LIBOR                  (1) |   | $ | 108 |   |
|   |   |                             |                                                                                                                                                       |     |   |                             |   |                           |   |                            |   |   |   |   |   |   |
| (1)    |   |                             | LIBOR                  rate is determined on the 23rd of each month and continues up to                  and                  including the maturity date. |     |
|   |   |                             |                                                                                                                                                       |     |   |                             |   |                           |   |                            |   |   |   |   |   |   |
| (2)    |   |                             | The                  fair value is the mark-to-market value.                                                                                               |     |

|                                                                  |   | Three                  Months Ended |   | Nine                  Months Ended |   |
|------------------------------------------------------------------|--------|-------------------------------------|--------|------------------------------------|--------|
|                                                                  |   | September                  30,      |   | September                  30,     |   |
|                                                             |   | 2006                                |   | 2005                               |   | 2006 |   | 2005 |   |
| Net                  (loss) income                               |   | $                                   | (1,812 | )                                  | $      | 1,333 |   | $ | (9,485 | ) | $ | (9,361 | ) |
| Foreign                  currency translation (losses) gains     |   |                                | (593   | )                                  |   | 256 |   |   | 161 |   |   | (1,188 | ) |
| Unrealized                  (losses) gains on interest rate swap |   |                                | (90    | )                                  |   | (38 | ) |   | 43 |   |   | (38 | ) |
|                                                             |   |                                | (683   | )                                  |   | 218 |   |   | 204 |   |   | (1,226 | ) |
| Comprehensive                  (loss) income                     |   | $                                   | (2,495 | )                                  | $      | 1,551 |   | $ | (9,281 | ) | $ | (10,587 | ) |
|                                                             |   |                                |   |                               |   |   |   |   |   |   |   |   |   |

|                                               |   | Three                  Months Ended |   | Three                  Months Ended |   |
|----------------------------------------------------|--------|-------------------------------------|--------|-------------------------------------|--------|
|                                                    |   | September                  30, 2006 |   | September                  30, 2005 |   |
| Basic                  EPS                         |   | Income                              |   | Shares                              |   |  Per-share                  amount |   | Income |   | Shares |   |  Per-share                  amount |   |
| Net                  (loss) income                 |   | $                                   | (1,812 | )                                   |   | 7,962 |   | $ | (0.23 | ) | $ | 1,333 |   |   | 7,951 |   | $ | 0.17 |   |
|                                               |   |                                |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Effect                  of Dilutive Securities [a] |   |                                |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Stock                  options                     |   |                                |   |                                |   | 4 |   |   |   |   |   |   |   |   | 70 |   |   |   |   |
| Convertible                  preferred stock       |   |                                |   |                                |   | 18,859 |   |   |   |   |   |   |   |   | 18,859 |   |   |   |   |
| Diluted                  EPS                       |   | $                                   | (1,812 | )                                   |   | 26,825 |   | $ | (0.07 | ) | $ | 1,333 |   |   | 26,880 |   | $ | 0.05 |   |
|                                               |   |                                |   |                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

*Accounting      for Uncertainty in Income Taxes*

*Fair      Value Measurements*

*Employers'      Accounting for Defined Benefit Pension and Other Postretirement Plans - an      amendment of FASB Statements No. 87, 88, 106 and 132(R)*

|                                 |   | September                  30, |   | December                  31, |   |
|---------------------------------|--------|--------------------------------|--------|-------------------------------|--------|
|                            |   | 2006                           |   | 2005                          |   |
|                            |   | Gross                          |   | Accumulated                   |   | Net                  Carrying |   | Gross |   | Accumulated |   | Net                  Carrying |   |
|                                 |   | Amount                         |   | Amortization                  |   | Amount |   | Amount |   | Amortization |   | Amount |   |
| Patents                         |   | $                              | 1,477  |                          | $      | (1,032 | ) | $ | 445 |   | $ | 1,409 |   | $ | (954 | ) | $ | 455 |   |
| Customer                  lists |   |                           | 10,445 |                          |   | (8,061 | ) |   | 2,384 |   |   | 10,643 |   |   | (7,997 | ) |   | 2,646 |   |
| Tradenames                      |   |                           | 5,539  |                          |   | (2,276 | ) |   | 3,263 |   |   | 5,498 |   |   | (2,075 | ) |   | 3,423 |   |
| Other                           |   |                           | 441    |                          |   | (52 | ) |   | 389 |   |   | 441 |   |   | (19 | ) |   | 422 |   |
| Total                           |   | $                              | 17,902 |                          | $      | (11,421 | ) | $ | 6,481 |   | $ | 17,991 |   | $ | (11,045 | ) | $ | 6,946 |   |
|                            |   |                           |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|  2006 (remainder)       |  $ |  128   |
|------------------------------|---------|-------------|
|  2007                   |    |  638   |
|  2008         |    |  624   |
|  2009         |    |  590   |
|  2010              |    |  542   |
|  2011         |    |  506   |
|  Thereafter   |    |  3,453 |

----

*Offsetting      of Amounts Related to Certain Contracts*

*Consolidation      of Variable Interest Entities*

----

| 2006   |   | $      | 400    |   |
|--------|--------|--------|--------|--------|
| 2007   |   |   | 400    |   |
|   |   | $      | 800    |   |
|   |   |   |   |   |

|                                                                                           |   | September                  30, |    | December                  31, |   |
|-------------------------------------------------------------------------------------------|--------|--------------------------------|---------|-------------------------------|--------|
|                                                                                      |   | 2006                           |    | 2005                          |   |
|                                                                                      |   |                           |    |                          |   |   |   |
| Term                  loan payable under Bank of America Credit Agreement, interest based |   |                           |    |                          |   |   |   |
| on                  LIBOR and Prime Rates (8.38% - 9.50%), due through 2009               |   | $                              | 12,367  |                          | $      | 15,714 |   |
| Revolving                  loans payable under the Bank of America Credit Agreement,      |   |                           |    |                          |   |   |   |
| interest                  based on LIBOR and Prime Rates (8.13% - 9.25%)                  |   |                           | 49,729  |                          |   | 41,946 |   |
| Total                  debt                                                               |   |                           | 62,096  |                          |   | 57,660 |   |
| Less                  revolving loans, classified as current (see below)                  |   |                           | (49,729 | )                             |   | (41,946 | ) |
| Less                  current maturities                                                  |   |                           | (2,857  | )                             |   | (2,857 | ) |
| Long-term                  debt                                                           |   | $                              | 9,510   |                          | $      | 12,857 |   |
|                                                                                      |   |                           |    |                          |   |   |   |

| 2006 |   |  $ | 714   |   |
|------|--------|---------|-------|--------|
| 2007 |   |    | 2,857 |   |
| 2008 |   |    | 2,857 |   |
| 2009 |   |    | 5,939 |   |

----

** **

*Minimum      Availability*

*Fixed      Charge Coverage Ratio*

*Capital      Expenditures*

*Leverage      Ratio*

----

*Balance      Sheet Classification of Borrowings Outstanding under Revolving Credit Agreements      that Include Both a Subjective Acceleration Clause and a Lock-Box      Arrangement*

----

|                                                      |   | Pension                  Benefits   |   |
|-----------------------------------------------------------|--------|-------------------------------------|--------|
|                                                           |   | Three                  Months Ended |   | Nine                  Months Ended |   |
|                                                           |   | September                  30,      |   | September                  30, |   |
|                                                      |   | 2006                                |   | 2005 |   | 2006 |   | 2005 |   |
| Components                  of net periodic benefit cost: |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Service                  cost                             |   | $                                   | 3      |   | $ | 2 |   | $ | 7 |   | $ | 6 |   |
| Interest                  cost                            |   |                                | 24     |   |   | 23 |   |   | 68 |   |   | 70 |   |
| Expected                  return on plan assets           |   |                                | (24    | ) |   | (25 | ) |   | (68 | ) |   | (77 | ) |
| Amortization                  of net gain                 |   |                                | 16     |   |   | 20 |   |   | 44 |   |   | 59 |   |
| Net                  periodic benefit cost                |   | $                                   | 19     |   | $ | 20 |   | $ | 51 |   | $ | 58 |   |
|                                                      |   |                                |   |   |   |   |   |   |   |   |   |   |   |

|                                                      |   | Other                  Benefits     |   |
|-----------------------------------------------------------|--------|-------------------------------------|--------|
|                                                      |   | Three                  Months Ended |   | Nine                  Months Ended |   |
|                                                           |   | September                  30,      |   | September                  30, |   |
|                                                      |   | 2006                                |   | 2005 |   | 2006 |   | 2005 |   |
| Components                  of net periodic benefit cost: |   |                                |   |   |   |   |   |   |   |   |   |   |   |
| Interest                  cost                            |   | $                                   | 85     |   | $ | 47 |   | $ | 157 |   | $ | 142 |   |
| Amortization                  of prior service cost       |   |                                | 66     |   |   | 15 |   |   | 94 |   |   | 45 |   |
| Amortization                  of net gain                 |   |                                | (8     | ) |   | 15 |   |   | 12 |   |   | 45 |   |
| Net                  periodic benefit cost                |   | $                                   | 143    |   | $ | 77 |   | $ | 263 |   | $ | 232 |   |
|                                                      |   |                                |   |   |   |   |   |   |   |   |   |   |   |

----

----

|                                                                 |   |    |      |   |     |   |        | Weighted                          |                          |   |   |   |
|-----------------------------------------------------------------|--------|---------|-----------|--------|----------|--------|-------------|-----------------------------------|-------------------------------|--------|--------|--------|
|                                                            |   |    |      |   | Weighted |   | Average     |                              | Aggregate                     |   |
|                                                                 |   |    |      |   | Average  |   | Remaining   |                              | Intrinsic                     |   |
|                                                                 |   |    |      |   | Exercise |   | Contractual |                              | Value                         |   |
|                                                                 |   | Options |      | Price  |     | Life   |        | (in                    thousands) |                          |
|                                                            |   |    |      |   |     |   |        |                              |                          |   |   |   |   |
| Outstanding                    at December 31, 2005             |   |    | 1,856,350 |   | $        | 3.99   |        |                              |                          |   |   |   |   |
|                                                            |   |    |      |   |     |   |        |                              |                          |   |   |   |   |
| Granted                                                         |   |    | -         |   | $        | 0.00   |        |                              |                          |   |   |   |   |
| Exercised                                                       |   |    | (45,000   | )      | $        | 3.26   |        |                              |                          |   |   |   |   |
| Expired                                                         |   |    | (6,000    | )      | $        | 13.57  |        |                              |                          |   |   |   |   |
| Cancelled                                                       |   |    | (31,000   | )      | $        | 5.12   |        |                              |                          |   |   |   |   |
|                                                            |   |    |      |   |     |   |        |                              |                          |   |   |   |   |
| Outstanding                    at September 30, 2006            |   |    | 1,774,350 |   | $        | 3.96   |        |                              | 6.73                    years |   | $      | 122    |   |
|                                                            |   |    |      |   |     |   |        |                              |                          |   |   |   |   |
| Vested                    and Exercisable at September 30, 2006 |   |    | 1,144,350 |   | $        | 4.65   |        |                              | 5.63                    years |   | $      | 41     |   |
|                                                            |   |    |      |   |     |   |        |                              |                          |   |   |   |   |

----

| Non-Vested                  at December 31, 2005         |   |   | 85,115  |   |
|----------------------------------------------------------|--------|--------|---------|--------|
|                                                     |   |   |    |   |
| Granted                                                  |   |   | 26,000  |   |
| Vested                                                   |   |   | (55,998 | )      |
| Cancelled                                                |   |   | (1,683  | )      |
|                                                     |   |   |    |   |
| Non-Vested                  at September 30, 2006        |   |   | 53,434  |   |
|                                                     |   |   |    |   |
| Total                  Outstanding at September 30, 2006 |   |   | 813,281 |   |
|                                                     |   |   |    |   |

*General      Environmental Claims*

----

*W.J.      Smith Wood Preserving Company (“W.J. Smith”)*

*Asbestos      Claims *

----

*Non-Environmental      Litigation - Banco del Atlantico, S.A.*

*Banco      del Atlantico, S.A. v. Woods Industries, Inc., et al.*
** **
*Civil      Action No.*
*** ***
*L-96-139      (now *
*      U.S.      District Court, Southern District of Indiana).*

*with      prejudice *

----

*Other      Claims*

----

|                                                |   |   |   |   |   |                                           |   | Three                  months ended |    | Nine                  months ended |   |
|------------------------------------------------|--------|--------|--------|--------|--------|------------------------------------------------|--------|-------------------------------------|---------|------------------------------------|--------|
|                                                |   |   |   |   |   |                                           |   | September                  30,      |    | September                  30,     |   |
|                                           |   |   |   |   |   |                                           |   | 2006                                |    | 2005                               |   | 2006 |   | 2005 |   |
| Maintenance                  Products Group    |   |   |   |   |   |                                           |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| Net                  external sales            |   |   |   |   |   |                                           |   | $                                   | 55,942  |                               | $      | 56,621 |   | $ | 160,787 |   | $ | 164,799 |   |
| Operating                  income (loss)       |   |   |   |   |   |                                           |   |                                | 2,928   |                               |   | 298 |   |   | 4,698 |   |   | (4,254 | ) |
| Operating                  margin (deficit)    |   |   |   |   |   |                                           |   |                                | 5.2     | %                                  |   | 0.5 | % |   | 2.9 | % |   | (2.6 | %) |
| Depreciation                  and amortization |   |   |   |   |   |                                           |   |                                | 1,899   |                               |   | 1,881 |   |   | 5,831 |   |   | 5,719 |   |
| Capital                  expenditures          |   |   |   |   |   |                                           |   |                                | 896     |                               |   | 2,604 |   |   | 2,356 |   |   | 5,151 |   |
|                                           |   |   |   |   |   |                                           |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| Electrical                  Products Group     |   |   |   |   |   |                                           |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| Net                  external sales            |   |   |   |   |   |                                           |   | $                                   | 65,275  |                               | $      | 76,544 |   | $ | 124,866 |   | $ | 144,925 |   |
| Operating                  income              |   |   |   |   |   |                                           |   |                                | 4,391   |                               |   | 6,099 |   |   | 6,372 |   |   | 10,166 |   |
| Operating                  margin              |   |   |   |   |   |                                           |   |                                | 6.7     | %                                  |   | 8.0 | % |   | 5.1 | % |   | 7.0 | % |
| Depreciation                  and amortization |   |   |   |   |   |                                           |   |                                | 188     |                               |   | 245 |   |   | 650 |   |   | 948 |   |
| Capital                  expenditures          |   |   |   |   |   |                                           |   |                                | 235     |                               |   | 100 |   |   | 571 |   |   | 251 |   |
|                                           |   |   |   |   |   |                                           |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| Total                                          |   |   |   |   |   |                                           |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| Net                  external sales            |   |   | -      |   |   | Operating                  segments            |   | $                                   | 121,217 |                               | $      | 133,165 |   | $ | 285,653 |   | $ | 309,724 |   |
|                                                |   |   |   |   |   | Total                                     |   | $                                   | 121,217 |                               | $      | 133,165 |   | $ | 285,653 |   | $ | 309,724 |   |
|                                           |   |   |   |   |   |                                           |   |                                |    |                               |   |   |   |   |  |   |   |   |   |
| Operating                  income (loss)       |   |   | -      |   |   | Operating                  segments            |   | $                                   | 7,319   |                               | $      | 6,397 |   | $ | 11,070 |   | $ | 5,912 |   |
|                                                |   |   | -      |   |   | Unallocated                  corporate         |   |                                | (2,767  | )                                  |   | (2,454 | ) |   | (8,183 | ) |   | (8,706 | ) |
|                                                |   |   | -      |   |   | Severance,                  restructuring,     |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
|                                           |   |   |   |   |   | and                  related charges      |   |                                | (738    | )                                  |   | (254 | ) |   | (1,591 | ) |   | (892 | ) |
|                                                |   |   | -      |   |   | (Loss)                  gain on sale of assets |   |                                | (49     | )                                  |   | 176 |   |   | (103 | ) |   | 342 |   |
|                                                |   |   |   |   |   | Total                                     |   | $                                   | 3,765   |                               | $      | 3,865 |   | $ | 1,193 |   | $ | (3,344 | ) |
|                                           |   |   |   |   |   |                                           |   |                                |    |                               |   |  |   |   |  |   |   |   |   |
|                                           |   |   |   |   |   |                                                |   |                                |    |                               |   |  |   |   |  |   |   |   |   |
| Depreciation                  and amortization |   |   | -      |   |   | Operating                  segments            |   | $                                   | 2,087   |                               | $      | 2,126 |   | $ | 6,481 |   | $ | 6,667 |   |
|                                                |   |   | -      |   |   | Unallocated                  corporate         |   |                                | 25      |                               |   | 26 |   |   | 97 |   |   | 66 |   |
|                                                |   |   |   |   |   | Total                                     |   | $                                   | 2,112   |                               | $      | 2,152 |   | $ | 6,578 |   | $ | 6,733 |   |
|                                           |   |   |   |   |   |                                           |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
| Capital                  expenditures          |   |   | -      |   |   | Operating                  segments            |   | $                                   | 1,131   |                               | $      | 2,704 |   | $ | 2,927 |   | $ | 5,402 |   |
|                                           |   |   | -      |   |   | Unallocated                  corporate         |   |                                | 7       |                               |   | - |   |   | 20 |   |   | - |   |
|                                                |   |   | -      |   |   | Discontinued                  operations       |   |                                | 30      |                               |   | 127 |   |   | 78 |   |   | 383 |   |
|                                                |   |   |   |   |   | Total                                     |   | $                                   | 1,168   |                               | $      | 2,831 |   | $ | 3,025 |   | $ | 5,785 |   |
|                                           |   |   |   |   |   |                                           |   |                                |    |                               |   |   |   |   |   |   |   |   |   |
|                                                |   |   |   |   |   |                                           |   | September                  30,      |    | December                  31,      |   |   |   |   |   |   |   |
|                                           |   |   |   |   |   |                                           |   | 2006                                |    | 2005                               |   |   |   |   |   |   |   |
| Total                  assets                  |   |   | -      |   |   | Maintenance                  Products Group    |   | $                                   | 102,016 |                               | $      | 108,012 |   |   |   |   |   |   |   |
|                                                |   |   | -      |   |   | Electrical                  Products Group     |   |                                | 84,315  |                               |   | 66,744 |   |   |   |   |   |   |   |
|                                                |   |   | -      |   |   | Other                  [a]                     |   |                                | 14,369  |                               |   | 27,391 |   |   |   |   |   |   |   |
|                                                |   |   | -      |   |   | Unallocated                  corporate         |   |                                | 5,993   |                               |   | 10,536 |   |   |   |   |   |   |   |
|                                                |   |   |   |   |   | Total                                     |   | $                                   | 206,693 |                               | $      | 212,683 |   |   |   |   |   |   |   |
|                                           |   |   |   |   |   |                                           |   |                                |    |                               |   |   |   |   |   |   |   |   |   |

----

|                                                                              |   | Three                  Months Ended |   | Nine                  Months Ended |   |
|-----------------------------------------------------------------------------------|--------|-------------------------------------|--------|------------------------------------|--------|
|                                                                                   |   | September                  30,      |   | September                  30,     |   |
|                                                                              |   | 2006                                |   | 2005                               |   | 2006 |   | 2005 |   |
| Consolidation                  of St. Louis manufacturing/distribution facilities |   | $                                   | 704    |                               | $      | 146 |   | $ | 1,403 |   | $ | 100 |   |
| Consolidation                  of Glit facilities                                 |   |                                | -      |                               |   | (23 | ) |   | - |   |   | 659 |   |
| Consolidation                  of administrative functions for CCP                |   |                                | -      |                               |   | - |   |   | - |   |   | 21 |   |
| Shutdown                  of Woods Canada manufacturing                           |   |                                | -      |                               |   | 131 |   |   | - |   |   | 112 |   |
| Corporate                  office relocation                                      |   |                                | 34     |                               |   | - |   |   | 188 |   |   | - |   |
| Total                  severance, restructuring and related charges               |   | $                                   | 738    |                               | $      | 254 |   | $ | 1,591 |   | $ | 892 |   |
|                                                                              |   |                                |   |                               |   |   |   |   |   |   |   |   |   |

|                                                               |   |   |   |                            | One-time    |                         | Contract    |   |
|--------------------------------------------------------------------|--------|--------|--------|---------------------------------|-------------|------------------------------|-------------|--------|
|                                                                    |   |   |   |                            | Termination |                         | Termination |   |
|                                                                    |   | Total  |   | Benefits                    [a] |        | Costs                    [b] |        |
| Restructuring                    liabilities at December 31, 2005  |   | $      | 1,845  |                            | $           | -                            |        | $      | 1,845 |   |
| Additions                                                          |   |   | 1,403  |                            |        | -                            |        |   | 1,403 |   |
| Payments                                                           |   |   | (601   | )                               |        | -                            |        |   | (601 | ) |
| Restructuring                    liabilities at September 30, 2006 |   | $      | 2,647  |                            | $           | -                            |        | $      | 2,647 |   |
|                                                               |   |   |   |                            |        |                         |        |   |   |   |

----

|                                                             |   |   |   |                          | One-time    |                       | Contract    |   |
|------------------------------------------------------------------|--------|--------|--------|-------------------------------|-------------|----------------------------|-------------|--------|
|                                                                  |   |   |   |                          | Termination |                       | Termination |   |
|                                                                  |   | Total  |   | Benefits                  [a] |        | Costs                  [b] |        |
| Restructuring                  liabilities at December 31, 2005  |   | $      | 505    |                          | $           | 255                        |        | $      | 250 |   |
| Additions                                                        |   |   | -      |                          |        | -                          |        |   | - |   |
| Payments                                                         |   |   | (176   | )                             |        | (176                       | )           |   | - |   |
| Restructuring                  liabilities at September 30, 2006 |   | $      | 329    |                          | $           | 79                         |        | $      | 250 |   |
|                                                             |   |   |   |                          |        |                       |        |   |   |   |

|                                                               |   |   |   |                            | One-time    |                         | Contract    |   |
|--------------------------------------------------------------------|--------|--------|--------|---------------------------------|-------------|------------------------------|-------------|--------|
|                                                                    |   |   |   |                            | Termination |                         | Termination |   |
|                                                                    |   | Total  |   | Benefits                    [a] |        | Costs                    [b] |        |
| Restructuring                    liabilities at December 31, 2005  |   | $      | 195    |                            | $           | 20                           |        | $      | 175 |   |
| Additions                                                          |   |   | -      |                            |        | -                            |        |   | - |   |
| Payments                                                           |   |   | (80    | )                               |        | (1                           | )           |   | (79 | ) |
| Restructuring                    liabilities at September 30, 2006 |   | $      | 115    |                            | $           | 19                           |        | $      | 96 |   |
|                                                               |   |   |   |                            |        |                         |        |   |   |   |

----

|                                                                  |   |   |   |                          | One-time    |                       | Contract    |   |
|------------------------------------------------------------------|--------|--------|--------|-------------------------------|-------------|----------------------------|-------------|--------|
|                                                                  |   |   |   |                          | Termination |                       | Termination |   |
|                                                                  |   | Total  |   | Benefits                  [a] |        | Costs                  [b] |        |
| Restructuring                  liabilities at December 31, 2005  |   | $      | 717    |                          | $           | -                          |        | $      | 717 |   |
| Additions                                                        |   |   | -      |                          |        | -                          |        |   | - |   |
| Payments                                                         |   |   | (133   | )                             |        | -                          |        |   | (133 | ) |
| Restructuring                  liabilities at September 30, 2006 |   | $      | 584    |                          | $           | -                          |        | $      | 584 |   |
|                                                             |   |   |   |                          |        |                       |        |   |   |   |

|                                                                  |   | One-time                      |   |
|------------------------------------------------------------------|--------|-------------------------------|--------|
|                                                                  |   | Termination                   |   |
|                                                                  |   | Benefits                  [a] |   |
| Restructuring                  liabilities at December 31, 2005  |   | $                             | 157    |   |
| Additions                                                        |   |                          | 188    |   |
| Payments                                                         |   |                          | (345   | ) |
| Restructuring                  liabilities at September 30, 2006 |   | $                             | -      |   |
|                                                             |   |                          |   |   |

|                                                                 |   |   |   |                          | One-time    |                       | Contract    |   |
|----------------------------------------------------------------------|--------|--------|--------|-------------------------------|-------------|----------------------------|-------------|--------|
|                                                                      |   |   |   |                          | Termination |                       | Termination |   |
|                                                                      |   | Total  |   | Benefits                  [a] |        | Costs                  [b] |        |
| Restructuring                  liabilities at December 31, 2005      |   | $      | 3,419  |                          | $           | 432                        |        | $      | 2,987 |   |
|                      Additions                        |   |   | 1,591  |                          |        | 188                        |        |   | 1,403 |   |
|                      Payments                         |   |   | (1,335 | )                             |        | (522                       | )           |   | (813 | ) |
| Restructuring                  liabilities at September 30, 2006 [c] |   | $      | 3,675  |                          | $           | 98                         |        | $      | 3,577 |   |
|                                                                 |   |   |   |                          |        |                       |        |   |  |   |

----

|                                                                  |   |   |   |   | Maintenance |   | Electrical |      |   |   |   |
|------------------------------------------------------------------|--------|--------|--------|--------|-------------|--------|------------|-----------|--------|--------|--------|
|                                                                  |   |   |   |   | Products    |   | Products   |      |   |   |   |
|                                                                  |   | Total  |   | Group  |        | Group  |       | Corporate |   |
| Restructuring                  liabilities at December 31, 2005  |   | $      | 3,419  |   | $           | 2,350  |       | $         | 912    |   | $      | 157 |   |
|                      Additions                    |   |   | 1,591  |   |        | 1,403  |       |      | -      |   |   | 188 |   |
|                      Payments                     |   |   | (1,335 | )      |        | (777   | )          |      | (213   | )      |   | (345 | ) |
| Restructuring                  liabilities at September 30, 2006 |   | $      | 3,675  |   | $           | 2,976  |       | $         | 699    |   | $      | - |   |
|                                                             |   |   |   |   |        |   |       |      |   |   |   |   |   |

|                            |   |   |   |   | Maintenance |   | Electrical |      |   |   |   |
|---------------------------------|--------|--------|--------|--------|-------------|--------|------------|-----------|--------|--------|--------|
|                                 |   |   |   |   | Products    |   | Products   |      |   |   |   |
|                                 |   | Total  |   | Group  |        | Group  |       | Corporate |   |
| 2006                            |   | $      | 853    |   | $           | 680    |       | $         | 173    |   | $      | - |   |
| 2007                            |   |   | 745    |   |        | 498    |       |      | 247    |   |   | - |   |
| 2008                            |   |   | 704    |   |        | 450    |       |      | 254    |   |   | - |   |
| 2009                            |   |   | 452    |   |        | 427    |       |      | 25     |   |   | - |   |
| 2010                            |   |   | 449    |   |        | 449    |       |      | -      |   |   | - |   |
| Thereafter                      |   |   | 472    |   |        | 472    |       |      | -      |   |   | - |   |
| Total                  Payments |   | $      | 3,675  |   | $           | 2,976  |       | $         | 699    |   | $      | - |   |
|                            |   |   |   |   |        |   |       |      |   |   |   |   |   |

----

|                                              |   | September                  30, |   | December                  31, |   |
|----------------------------------------------|--------|--------------------------------|--------|-------------------------------|--------|
|                                         |   | 2006                           |   | 2005                          |   |
|                                         |   |                           |   |                          |   |   |   |
| Current                  assets:             |   |                           |   |                          |   |   |   |
| Accounts                  receivable, net    |   | $                              | -      |                          | $      | 2,419 |   |
| Inventories,                  net            |   |                           | -      |                          |   | 3,422 |   |
| Other                  current assets        |   |                           | -      |                          |   | 5 |   |
|                                         |   | $                              | -      |                          | $      | 5,846 |   |
|                                         |   |                           |   |                          |   |   |   |
| Non-current                  assets:         |   |                           |   |                          |   |   |   |
| Intangibles,                  net            |   | $                              | -      |                          | $      | 166 |   |
| Property                  and equipment, net |   |                           | -      |                          |   | 1,728 |   |
|                                         |   | $                         | -      |                          | $      | 1,894 |   |
|                                         |   |                           |   |                          |   |   |   |
| Current                  liabilities:        |   |                           |   |                          |   |   |   |
| Accounts                  payable            |   | $                              | -      |                          | $      | 1,741 |   |
| Accrued                  compensation        |   |                           | -      |                          |   | 530 |   |
| Accrued                  expenses            |   |                           | 1,195  |                          |   | 1,219 |   |
|                                         |   | $                              | 1,195  |                          | $      | 3,490 |   |
|                                         |   |                           |   |                          |   |   |   |
| Other                  liabilities:          |   | $                              | -      |                          | $      | 1,486 |   |
|                                         |   |                           |   |                          |   |   |   |

*Accounting      for Impairment or Disposal of Long-Lived Assets*

----

| Assets                  held for sale:                  |   |   |   |   |
|---------------------------------------------------------|--------|--------|--------|--------|
| Accounts                  receivable, net               |   | $      | 3,494  |   |
| Inventories,                  net                       |   |   | 2,384  |   |
| Other                  current assets                   |   |   | 308    |   |
| Property                  and equipment, net            |   |   | 7,107  |   |
| Accumulated                  other comprehensive income |   |   | (1,141 | )      |
|                                                    |   | $      | 12,152 |   |
|                                                    |   |   |   |   |
| Liabilities                  held for sale:             |   |   |   |   |
| Accounts                  payable                       |   | $      | 2,661  |   |
| Accrued                  expenses                       |   |   | 773    |   |
|                                                    |   | $      | 3,434  |   |
|                                                    |   |   |   |   |

|                                                                  |   | Three                  Months Ended |   | Nine                  Months Ended |   |
|------------------------------------------------------------------|--------|-------------------------------------|--------|------------------------------------|--------|
|                                                             |   | September                  30,      |   | September                  30,     |   |
|                                                             |   | 2006                                |   | 2005                               |   | 2006 |   | 2005 |   |
|                                                             |   |                                |   |                               |   |   |   |   |   |   |   |   |   |
| Net                  sales                                       |   | $                                   | 4,473  |                               | $      | 7,392 |   | $ | 19,115 |   | $ | 24,556 |   |
| Pre-tax                  loss                                    |   | $                                   | (151   | )                                  | $      | (986 | ) | $ | (849 | ) | $ | (1,467 | ) |
| Pre-tax                  loss on sale of discontinued businesses |   | $                                   | (3,200 | )                                  | $      | - |   | $ | (3,130 | ) | $ | - |   |
|                                                             |   |                                |   |                               |   |   |   |   |   |   |   |   |   |

----

|                                                                 |   |                                                        |
|----------------------------------------------------------------------|--------|-------------------------------------------------------------|
|                                                                 |   | 2006                                                        |   | 2005 |   |
|                                                                      |   | (Amounts                in Millions, Except Per Share Data) |   |
|                                                                 |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   | $                                                           |   | %                to Sales |   | $ |   | %                to Sales |   |
| Net                sales                                             |   | $                                                           | 121.2 |   |   | 100.0 |   | $ | 133.2 |   |   | 100.0 |   |
| Cost                of goods sold                                    |   |                                                        | 104.9 |   |   | 86.6 |   |   | 116.4 |   |   | 87.4 |   |
| Gross                profit                                          |   |                                                        | 16.3 |   |   | 13.4 |   |   | 16.8 |   |   | 12.6 |   |
| Selling,                general and administrative expenses          |   |                                                        | 11.8 |   |   | 9.7 |   |   | 12.8 |   |   | 9.6 |   |
| Severance,                restructuring and related charges          |   |                                                        | 0.7 |   |   | 0.6 |   |   | 0.3 |   |   | 0.2 |   |
| Loss                (gain) on sale of assets                         |   |                                                        | - |   |   | 0.0 |   |   | (0.2 | ) |   | (0.1 | ) |
| Operating                income                                      |   |                                                        | 3.8 |   |   | 3.1 |   |   | 3.9 |   |   | 2.9 |   |
|                                                                 |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |
| Interest                expense                                      |   |                                                        | (1.7 | ) |   |   |   |   | (1.5 | ) |   |   |   |
| Other,                net                                            |   |                                                        | - |   |   |   |   |   | 0.2 |   |   |   |   |
|                                                                 |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |
| Income                from continuing operations before provision    |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |
| for                income taxes                                      |   |                                                        | 2.1 |   |   |   |   |   | 2.6 |   |   |   |   |
| Provision                for income taxes from continuing operations |   |                                                        | 0.6 |   |   |   |   |   | 0.3 |   |   |   |   |
|                                                                 |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |
| Income                from continuing operations                     |   |                                                        | 1.5 |   |   |   |   |   | 2.3 |   |   |   |   |
| Loss                from operations of discontinued businesses       |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |
| (net                of tax)                                          |   |                                                        | (0.1 | ) |   |   |   |   | (1.0 | ) |   |   |   |
| Loss                on sale of discontinued businesses (net of tax)  |   |                                                        | (3.2 | ) |   |   |   |   | - |   |   |   |   |
|                                                                 |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |
| (Loss)                income before cumulative effect of a change in |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |
| accounting                principle                                  |   |                                                        | (1.8 | ) |   |   |   |   | 1.3 |   |   |   |   |
| Cumulative                effect of a change in accounting principle |   |                                                        | - |   |   |   |   |   | - |   |   |   |   |
|                                                                 |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |
| Net                (loss) income                                     |   | $                                                           | (1.8 | ) |   |   |   | $ | 1.3 |   |   |   |   |
|                                                                 |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |
| (Loss)                income per share of common stock - basic:      |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |
| Income                from continuing operations                     |   | $                                                           | 0.19 |   |   |   |   | $ | 0.29 |   |   |   |   |
| Discontinued                operations                               |   |                                                        | (0.42 | ) |   |   |   |   | (0.12 | ) |   |   |   |
| Cumulative                effect of a change in accounting principle |   |                                                        | - |   |   |   |   |   | - |   |   |   |   |
| Net                (loss) income                                     |   | $                                                           | (0.23 | ) |   |   |   | $ | 0.17 |   |   |   |   |
|                                                                 |   |                                                        |  |   |   |   |   |   |  |   |   |   |   |
| (Loss)                income per share of common stock - diluted:    |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |
| Income                from continuing operations                     |   | $                                                           | 0.06 |   |   |   |   | $ | 0.09 |   |   |   |   |
| Discontinued                operations                               |   |                                                        | (0.13 | ) |   |   |   |   | (0.04 | ) |   |   |   |
| Cumulative                effect of a change in accounting principle |   |                                                        | - |   |   |   |   |   | - |   |   |   |   |
| Net                (loss) income                                     |   | $                                                           | (0.07 | ) |   |   |   | $ | 0.05 |   |   |   |   |
|                                                                 |   |                                                        |   |   |   |   |   |   |   |   |   |   |   |

----

*Maintenance      Products Group*

*Electrical      Products Group*

----

|                                                               |   | Three                  months ended September 30, |   |                      |   |   |   |                      |   |
|---------------------------------------------------------------|--------|---------------------------------------------------|--------|---------------------------|--------|--------|--------|---------------------------|--------|
|                                                               |   | (Amounts                  in Millions)            |   |                      |   |   |   |                      |   |
| **Operating                  income (loss)**                  |   | 2006                                              |   | 2005                      |   | Change |   |
|                                                          |   | $                                                 |   | %                  Margin |   | $      |   | %                  Margin |   | $ |   | %                  Margin |   |
| Maintenance                  Products Group                   |   | $                                                 | 2.9    |                      |   | 5.2    |   | $                         | 0.3    |   |   | 0.5 |   | $ | 2.6 |   |   | 4.7 |   |
| Electrical                  Products Group                    |   |                                              | 4.4    |                      |   | 6.7    |   |                      | 6.1    |   |   | 8.0 |   |   | (1.7 | ) |   | (1.3 | ) |
| Unallocated                  corporate expense                |   |                                              | (2.8   | )                         |   |   |   |                      | (2.4   | ) |   |   |   |   | (0.4 | ) |   |   |   |
|                                                          |   |                                              | 4.5    |                      |   | 3.8    |   |                      | 4.0    |   |   | 3.0 |   |   | 0.5 |   |   | 0.8 |   |
|                                                          |   |                                              |   |                      |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Severance,                  restructuring and related charges |   |                                              | (0.7   | )                         |   |   |   |                      | (0.3   | ) |   |   |   |   | (0.4 | ) |   |   |   |
| (Loss)                  gain on sale of assets                |   |                                              | -      |                      |   |   |   |                      | 0.2    |   |   |   |   |   | (0.2 | ) |   |   |   |
| Operating                  income                             |   | $                                                 | 3.8    |                      |   | 3.1    |   | $                         | 3.9    |   |   | 2.9 |   | $ | (0.1 | ) |   | 0.2 |   |
|                                                          |   |                                              |   |                      |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |

*Maintenance Products      Group*

*Electrical      Products Group*

*Corporate*

*Severance,      Restructuring and Related Charges*

----

----

|                                                                                                |   |                                                          |   |
|-----------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------|--------|
|                                                                                                |   | 2006                                                          |   | 2005 |   |
|                                                                                                     |   | (Amounts                  in Millions, Except Per Share Data) |   |
|                                                                                                |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                |   | $                                                             |   | %                  to Sales |   | $ |   | %                  to Sales |   |
| Net                  sales                                                                          |   | $                                                             | 285.7  |   |   | 100.0 |   | $ | 309.7 |   |   | 100.0 |   |
| Cost                  of goods sold                                                                 |   |                                                          | 246.5  |   |   | 86.3 |   |   | 273.4 |   |   | 88.3 |   |
| Gross                  profit                                                                       |   |                                                          | 39.2   |   |   | 13.7 |   |   | 36.3 |   |   | 11.7 |   |
| Selling,                  general and administrative expenses                                       |   |                                                          | 36.3   |   |   | 12.7 |   |   | 39.1 |   |   | 12.6 |   |
| Severance,                  restructuring and related charges                                       |   |                                                          | 1.6    |   |   | 0.6 |   |   | 0.9 |   |   | 0.3 |   |
| Loss                  (gain) on sale of assets                                                      |   |                                                          | 0.1    |   |   | 0.0 |   |   | (0.4 | ) |   | (0.1 | ) |
| Operating                  income (loss)                                                            |   |                                                          | 1.2    |   |   | 0.4 |   |   | (3.3 | ) |   | (1.1 | ) |
| Interest                  expense                                                                   |   |                                                          | (5.2   | ) |   |   |   |   | (4.1 | ) |   |   |   |
| Other,                  net                                                                         |   |                                                          | 0.5    |   |   |   |   |   | 0.2 |   |   |   |   |
|                                                                                                |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Loss                  from continuing operations before provision                                   |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| for                  income taxes                                                                   |   |                                                          | (3.5   | ) |   |   |   |   | (7.2 | ) |   |   |   |
| Provision                  for income taxes from continuing operations                              |   |                                                          | 1.2    |   |   |   |   |   | 0.7 |   |   |   |   |
|                                                                                                |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Loss                  from continuing operations                                                    |   |                                                          | (4.7   | ) |   |   |   |   | (7.9 | ) |   |   |   |
| Loss                  from operations of discontinued businesses                                    |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| (net                  of tax)                                                                       |   |                                                          | (0.9   | ) |   |   |   |   | (1.5 | ) |   |   |   |
| Loss                  on sale of discontinued businesses (net of tax)                               |   |                                                          | (3.1   | ) |   |   |   |   | - |   |   |   |   |
|                                                                                                |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Loss                  before cumulative effect of a change in accounting                  principle |   |                                                          | (8.7   | ) |   |   |   |   | (9.4 | ) |   |   |   |
| Cumulative                  effect of a change in accounting principle (net of tax)                 |   |                                                          | (0.8   | ) |   |   |   |   | - |   |   |   |   |
|                                                                                                |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Net                  loss                                                                           |   | $                                                             | (9.5   | ) |   |   |   | $ | (9.4 | ) |   |   |   |
|                                                                                                |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Loss                  per share of common stock - basic:                                            |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Loss                  from continuing operations                                                    |   | $                                                             | (0.60  | ) |   |   |   | $ | (0.99 | ) |   |   |   |
| Discontinued                  operations                                                            |   |                                                          | (0.50  | ) |   |   |   |   | (0.19 | ) |   |   |   |
| Cumulative                  effect of a change in accounting principle                              |   |                                                          | (0.09  | ) |   |   |   |   | - |   |   |   |   |
| Net                  loss                                                                           |   | $                                                             | (1.19  | ) |   |   |   | $ | (1.18 | ) |   |   |   |
|                                                                                                |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Loss                  per share of common stock - diluted:                                          |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |
| Loss                  from continuing operations                                                    |   | $                                                             | (0.60  | ) |   |   |   | $ | (0.99 | ) |   |   |   |
| Discontinued                  operations                                                            |   |                                                          | (0.50  | ) |   |   |   |   | (0.19 | ) |   |   |   |
| Cumulative                  effect of a change in accounting principle                              |   |                                                          | (0.09  | ) |   |   |   |   | - |   |   |   |   |
| Net                  loss                                                                           |   | $                                                             | (1.19  | ) |   |   |   | $ | (1.18 | ) |   |   |   |
|                                                                                                |   |                                                          |   |   |   |   |   |   |   |   |   |   |   |

----

*Maintenance      Products Group*

*Electrical      Products Group*

|                                                               |   | Nine                  months ended September 30, |   |                      |   |   |   |                      |   |
|---------------------------------------------------------------|--------|--------------------------------------------------|--------|---------------------------|--------|--------|--------|---------------------------|--------|
|                                                               |   | (Amounts                  in Millions)           |   |                      |   |   |   |                      |   |
| **Operating                  income (loss)**                  |   | 2006                                             |   | 2005                      |   | Change |   |
|                                                          |   | $                                                |   | %                  Margin |   | $      |   | %                  Margin |   | $ |   | %                  Margin |   |
| Maintenance                  Products Group                   |   | $                                                | 4.7    |                      |   | 2.9    |   | $                         | (4.3   | ) |   | (2.6 | ) | $ | 9.0 |   |   | 5.5 |   |
| Electrical                  Products Group                    |   |                                             | 6.4    |                      |   | 5.1    |   |                      | 10.2   |   |   | 7.0 |   |   | (3.8 | ) |   | (1.9 | ) |
| Unallocated                  corporate expense                |   |                                             | (8.2   | )                         |   |   |   |                      | (8.7   | ) |   |   |   |   | 0.5 |   |   |   |   |
|                                                          |   |                                             | 2.9    |                      |   | 1.0    |   |                      | (2.8   | ) |   | (0.9 | ) |   | 5.7 |   |   | 1.9 |   |
|                                                          |   |                                             |   |                      |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Severance,                  restructuring and related charges |   |                                             | (1.6   | )                         |   |   |   |                      | (0.9   | ) |   |   |   |   | (0.7 | ) |   |   |   |
| (Loss)                  gain on sale of assets                |   |                                             | (0.1   | )                         |   |   |   |                      | 0.4    |   |   |   |   |   | (0.5 | ) |   |   |   |
| Operating                  income (loss)                      |   | $                                                | 1.2    |                      |   | 0.4    |   | $                         | (3.3   | ) |   | (1.1 | ) | $ | 4.5 |   |   | 1.5 |   |
|                                                          |   |                                             |   |                      |   |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |

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*Maintenance      Products Group*

*Electrical      Products Group*

*Corporate*

*Severance,      Restructuring and Related Charges*

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----

*Minimum      Availability*

*Fixed      Charge Coverage Ratio*

*Capital      Expenditures*

*Leverage      Ratio*

*Balance      Sheet Classification of Borrowings Outstanding under Revolving Credit Agreements      that Include Both a Subjective Acceleration Clause and a Lock-Box      Arrangement*

----

| Contractual                  Cash Obligations    |   | Total  |    | Due                  in less than 1 year |   | Due                  in 1-3 years |   | Due                  in 3-5 years |   | Due                  after 5 years |   |
|--------------------------------------------------|--------|--------|---------|------------------------------------------|--------|-----------------------------------|--------|-----------------------------------|--------|------------------------------------|--------|
| Revolving                  credit facility [a]   |   | $      | 49,729  |                                     | $      | 49,729                            |   | $                                 | -      |                               | $      | - |   | $ | - |   |
| Term                  loans                      |   |   | 12,367  |                                     |   | 2,857                             |   |                              | 9,510  |                               |   | - |   |   | - |   |
| Interest                  on debt [b]            |   |   | 10,925  |                                     |   | 4,628                             |   |                              | 6,297  |                               |   | - |   |   | - |   |
| Operating                  leases [c]            |   |   | 24,072  |                                     |   | 7,709                             |   |                              | 11,413 |                               |   | 4,171 |   |   | 779 |   |
| Severance                  and restructuring [c] |   |   | 1,919   |                                     |   | 953                               |   |                              | 543    |                               |   | 372 |   |   | 51 |   |
| SESCO                  payable to Montenay [d]   |   |   | 800     |                                     |   | 800                               |   |                              | -      |                               |   | - |   |   | - |   |
| Post-retirement                  benefits [e]    |   |   | 5,376   |                                     |   | 834                               |   |                              | 1,421  |                               |   | 1,080 |   |   | 2,041 |   |
| Total                  Contractual Obligations   |   | $      | 105,188 |                                     | $      | 67,510                            |   | $                                 | 29,184 |                               | $      | 5,623 |   | $ | 2,871 |   |
|                                             |   |   |    |                                     |   |                              |   |                              |   |                               |   |   |   |   |   |   |
|                                             |   |   |    |                                     |   |                              |   |                              |   |                               |   |   |   |   |   |   |
| Other                  Commercial Commitments    |   | Total  |    | Due                  in less than 1 year |   | Due                  in 1-3 years |   | Due                  in 3-5 years |   | Due                  after 5 years |   |
| Commercial                  letters of credit    |   | $      | 835     |                                     | $      | 835                               |   | $                                 | -      |                               | $      | - |   | $ | - |   |
| Stand-by                  letters of credit      |   |   | 7,529   |                                     |   | 7,529                             |   |                              | -      |                               |   | - |   |   | - |   |
| Guarantees                  [f]                  |   |   | -       |                                     |   | -                                 |   |                              | -      |                               |   | - |   |   | - |   |
| Total                  Commercial Commitments    |   | $      | 8,364   |                                     | $      | 8,364                             |   | $                                 | -      |                               | $      | - |   | $ | - |   |
|                                             |   |   |    |                                     |   |                              |   |                              |   |                               |   |   |   |   |   |   |

----

*Operating      Activities*

*Investing      Activities*

*Financing      Activities*

----

|                                                                                   |   | Three                  Months Ended |   | Nine                  Months Ended |   |
|-----------------------------------------------------------------------------------|--------|-------------------------------------|--------|------------------------------------|--------|
|                                                                                   |   | September                  30,      |   | September                  30,     |   |
|                                                                              |   | 2006                                |   | 2005                               |   | 2006 |   | 2005 |   |
| Consolidation                  of St. Louis manufacturing/distribution facilities |   | $                                   | 704    |                               | $      | 146 |   | $ | 1,403 |   | $ | 100 |   |
| Consolidation                  of Glit facilities                                 |   |                                | -      |                               |   | (23 | ) |   | - |   |   | 659 |   |
| Consolidation                  of administrative functions for CCP                |   |                                | -      |                               |   | - |   |   | - |   |   | 21 |   |
| Shutdown                  of Woods Canada manufacturing                           |   |                                | -      |                               |   | 131 |   |   | - |   |   | 112 |   |
| Corporate                  office relocation                                      |   |                                | 34     |                               |   | - |   |   | 188 |   |   | - |   |
| Total                  severance, restructuring and related charges               |   | $                                   | 738    |                               | $      | 254 |   | $ | 1,591 |   | $ | 892 |   |
|                                                                              |   |                                |   |                               |   |   |   |   |   |   |   |   |   |

|                                        |   | Total                  Expected Cost |   | Total                  Provision to Date |   |
|---------------------------------------------|--------|--------------------------------------|--------|------------------------------------------|--------|
|                                        |   |                                 |   |                                     |   |   |   |
| Maintenance                  Products Group |   | $                                    | 22,646 |                                     | $      | 22,396 |   |
| Electrical                  Products Group  |   |                                 | 12,776 |                                     |   | 12,776 |   |
| Corporate                                   |   |                                 | 12,323 |                                     |   | 12,261 |   |
|                                        |   | $                                    | 47,745 |                                     | $      | 47,433 |   |
|                                        |   |                                 |   |                                     |   |   |   |

|                                                                 |   |   |   |                          | One-time    |                       | Contract    |   |
|----------------------------------------------------------------------|--------|--------|--------|-------------------------------|-------------|----------------------------|-------------|--------|
|                                                                      |   |   |   |                          | Termination |                       | Termination |   |
|                                                                      |   | Total  |   | Benefits                  [a] |        | Costs                  [b] |        |
| Restructuring                  liabilities at December 31, 2005      |   | $      | 3,419  |                          | $           | 432                        |        | $      | 2,987 |   |
| Additions                                                            |   |   | 1,591  |                          |        | 188                        |        |   | 1,403 |   |
| Payments                                                             |   |   | (1,335 | )                             |        | (522                       | )           |   | (813 | ) |
| Restructuring                  liabilities at September 30, 2006 [c] |   | $      | 3,675  |                          | $           | 98                         |        | $      | 3,577 |   |
|                                                                 |   |   |   |                          |        |                       |        |   |  |   |

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----

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| -   | Increases                in the cost of, or in some cases continuation of, the current price                levels                of plastic resins, copper, paper board packaging, and other raw                materials. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Our                inability to reduce product costs, including manufacturing, sourcing,                freight, and other product costs. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Greater                reliance on third parties for our finished goods as we increase the                portion of our manufacturing that is outsourced. |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Our                inability to reduce administrative costs through consolidation of                functions and systems improvements. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------|

| -   | Our                inability to execute our systems integration plan. |
|---------------|-----------------------------------------------------------------------|

| -   | Our                inability to successfully integrate our operations as a result of                the                facility consolidations. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Our                inability to achieve product price increases, especially as they                relate to                potentially higher raw material                costs. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | The                potential impact of losing lines of business at large mass merchant                retailers in the discount and do-it-yourself                markets. |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Competition                from foreign competitors. |
|---------------|------------------------------------------------------|

| -   | The                potential impact of rising interest rates on our LIBOR-based Bank                of                America Credit Agreement. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Our                inability to meet covenants associated with the Bank of America Credit                Agreement. |
|---------------|---------------------------------------------------------------------------------------------------------------------|

| -   | The                potential impact of rising costs for insurance for properties and                various                forms of liabilities. |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | The                potential impact of changes in foreign currency exchange rates related                to                our foreign operations. |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Labor                issues, including union activities that require an increase in production                costs or lead to a strike, thus impairing production and decreasing                sales.                We are also subject to labor relations issues at entities involved                in our                supply chain, including both suppliers and those involved in                transportation and shipping. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Changes                in significant laws and government regulations affecting environmental                compliance and income taxes. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------|

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*Accounting      for Uncertainty in Income Taxes*

*Fair      Value Measurements*

*Employers'      Accounting for Defined Benefit Pension and Other Postretirement Plans - an      amendment of FASB Statements No. 87, 88, 106 and 132(R)*

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| (a)   | Evaluation                of Disclosure Controls and                Procedures |
|-----------------|--------------------------------------------------------------------------------|

| (b)   | Change                in Internal Controls |
|-----------------|--------------------------------------------|

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| ·   | Implementation                of short term corrective actions in shipping and receiving                -                Revised shipping, receiving, physical inventory, period end cut-off                and                returned goods procedures have been issued. Training to reinforce                the                importance of the physical verification was provided to all appropriate                material handlers. Products loaded for shipment are now verified                against                system generated bill of ladings. A receiving log was implemented                in the                first quarter of 2005 and is reviewed at least weekly by the distribution                manager. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Establishment                of improved interim recording of raw material usage - The shop floor                module in PRMS (the facility’s ERP system) was activated on July 1, 2005.                Large raw material variances continue to be reviewed and/or isolated                by                work order to allow bill of material (“BOM”) corrections as required.                Miscellaneous inventory transactions are being downloaded and reviewed                at                least weekly by cost accounting. In 2005, a supplemental system was                also                re-implemented to allow the daily review of costed non-woven production                runs to identify process or material variances. The output of this                system                yields a daily cost per yard of non-woven material produced, as well                as an                average cost per yard over multiple batches/runs. This information                was                used as a reference point and allowed material cost verifications                with                PRMS formula BOMs. During the third quarter of 2006, the Company                discontinued the supplemental system given the higher level of accuracy                being obtained from the shop floor module in                PRMS. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Reestablishment                of a monthly physical inventory until the PRMS perpetual inventory                process                is re-implemented - This location’s monthly physical inventory was                reinstituted for the February 2005 accounting close. We continue                taking a                monthly physical inventory throughout 2005 and 2006. Over the past                year,                overall accuracy, based on inventory value, continues to significantly                improve. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Establishment                of security measures to mitigate the risk of theft - All employees                were issued parking permits to help identify on-site traffic of                non-employees. A security camera system was installed and became                operational in June 2005. Cameras provide monitoring of key plant                areas by                both security personnel and key                managers. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Improvement                in bill of material and routing accuracy - In July 2005, a BOM                accuracy project was completed which encompassed the review of the                most                significant BOMs across all product lines. Efforts are now ongoing                to                review remaining BOMs, prioritizing based on sales volumes and comparative                analysis with other BOMs of like material/sizes. All remaining significant                BOMs, based on volume levels, were updated by February 1,                2006. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | Proper                staffing and planning of PRMS re-implementation - The PRMS                re-implementation was completed at the end of July 2005. The Material                Planning and Scheduling module of PRMS was completed in the fourth                quarter                of 2005. The total re-implementation was facilitated by a consultant                with                expertise with both PRMS and ERP system implementation across varied                industries. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Establishment                of procedures for production reporting and inventory transactions -                Detailed procedures for reporting of production in PRMS have been                issued.                The implementation of scanning for inventory transactions was completed                in                August and documented procedures were completed in September, 2005.                Any                additional procedures will be finalized and documented when they                are                validated. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Activation                of PRMS production and inventory system - The system was fully                activated on February 1, 2006 which allows the accumulation and reporting                of transactions, maintenance of perpetual inventory records, and                the                calculation of standard cost and related variances. The system will                continue to operate in parallel with the monthly physical inventory                until                all significant variances will be identified and                corrected. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| **Exhibit****Number** |  **Exhibit                Title**                                                                                                                                                      |     |
|-----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
|                  |                                                                                                                                                                                        |     |
| 31.1             | CEO                Certification pursuant to Securities Exchange Act Rule 13a-14, as                adopted                pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.  | *   |
| 31.2             | CFO                Certification pursuant to Securities Exchange Act Rule 13a-14, as                adopted                pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.  | *   |
| 32.1             | CEO                Certification required by 18 U.S.C. Section 1350, as adopted pursuant                to                Section 906 of the Sarbanes-Oxley Act of 2002.               | *#  |
| 32.2             | CFO                Certification required by 18 U.S.C. Section 1350, as adopted pursuant                to                Section 906 of the Sarbanes-Oxley Act of 2002.               | *#  |

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