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Monier Inc. and O'Hagin's Inc. Announce Settlement.

Business Editors

SEBASTOPOL, Calif.--(BUSINESS WIRE)--Feb. 26, 2002

Monier Inc. and O'Hagin's Inc. today announced that they have reached an out of court settlement ending a legal dispute. Details of the settlement were not disclosed but executives at both firms expressed satisfaction that this matter was settled in a fair and equitable manner.

Both companies agreed that settlement rather than litigation was the best course of action. "We are a manufacturing company. Our pride is designing, developing and producing the best attic ventilation products possible," said Carolina O'Hagin, founder and chairperson of the Board of O'Hagin's Inc. A representative of Monier Inc. agreed with this statement and added further that the reaching of a settlement was due in a large part to the mutual respect evident between the two companies. O'Hagin's and Monier Inc. hope that this decision will help them to cooperate in providing their markets with the finest roofing products available.

About O'Hagin's Inc.

O'Hagin's Inc. is the nation's largest manufacturer of cloaked ventilation products. A closely-held private company, O'Hagin's Inc. has sold over a million units of its patented ventilation products throughout the United States and realized double-digit growth for each of the last five years. Since its founding by Harry and Carolina O'Hagin, the company has become a recognized leader in the area of ventilation product testing and development. The company officers are active participants in numerous industry organizations and charitable programs.

About Monier Inc.

The company owns 50% of MonierLifetile LLC, the leading producer of concrete roof tiles in the U.S.A. With 12 plants and over 1400 employees, the company is ideally positioned to serve its diverse customer base and prides itself in being at the forefront of concrete tile technology.
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Publication:Business Wire
Geographic Code:1USA
Date:Feb 26, 2002
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