Mustad Hoofcare Acquires the Simonds International Farrier Products Division; Transaction Strengthens Line of Hoofcare Farrier Tools

(received via press release on 18 December 2006)

Mustad Hoofcare announced today that they have acquired the Farrier Product Division of Simonds International.

Mustad is a one hundred seventy-four year old company that sells under the Mustad umbrella of branded hoofcare products, manufactured globally, and distributed worldwide.

Simonds International, a company with a similar longevity also founded in 1832, has manufactured quality Rasps among other products at its plant in Newcomerstown, Ohio.

According to Hans Mustad, “The Simonds Rasps fit very well strategically with our hoofcare product portfolio. We are excited about this opportunity to expand our hoofcare product offering to our customers. This acquisition will allow us to provide our customers with another high quality, valued product line from Mustad.”

Simonds Farrier Rasps will be seamlessly integrated into Mustad’s manufacturing and global distribution operations.

“We would like to thank Mr. Carlos Lara for his outstanding dedication, hard work and leadership in bringing this acquisition to completion”, remarked Clarin Mustad. “We are proud to continue the legacy of Simonds in the Farrier industry and are thankful for Mr. Lara’s efforts and cooperation of the Simonds employees that have made this possible.”

Inquiries regarding this announcement should be directed to Mr. Carlos Xifra, Mustad Hoofcare Center, Inc. by calling, 1-866-668-7MHC (7642).

Sincerely,

Hans & Clarin

Hans & Clarin Mustad