Hedwin Corporation acquired by Zacros America, Incorporated

June 9, 2014

To: Hedwin Division of Zacros America Customers

Re: Hedwin Corporation acquired by Zacros America, Incorporated

Dear Valued Customers,

It is our pleasure to inform you that, as of the close of business on June 1, 2014, the business assets of Hedwin Corporation, were purchased by Zacros America, Inc. The transaction was approved by the bankruptcy court in an Order entered on May 15, 2014, which authorized the assignment of Hedwin’s contractual relationship with you to Zacros America Incorporated. Zacros America would be glad to provide a copy of the Order upon request (see contact information below).

Effective June 1, 2014, Hedwin will officially operate as a division of Zacros America.
Its official name will be: Hedwin Division of Zacros America.

Zacros America is a wholly-owned subsidiary of Fujimori Kogyo Co., Ltd., a Japanese corporation that has enjoyed a 50-year relationship with Hedwin. Established in 1914, Fujimori is well-known in Japan for its value-added, high-quality packaging and films. With 100 years of experience, Fujimori continues to shape the global packaging industry with unique and unprecedented innovations created under the ZACROS name and philosophy, from easy-pour pouches that improve convenience in everyday lives, to medical packaging that is safer and more reliable, to functional films for space satellites.

Founded in 1946, Hedwin is best known for its CUBITAINER® product line. It has built a reputation as a global provider of flexible and rigid packaging solutions for the cosmetics, food, flavouring, industrial medical, pharmaceutical and sanitary markets.

Hedwin’s sale to Zacros marries their assets and technical capabilities to create a single company capable of providing state-of-the-art global packaging solutions that will exceed customer expectations. This unique marriage will provide opportunities for rapid new product development, collaborative manufacturing programs, global technology transfer and business expansion, as well as reduced product cost through economies of scale.

The address of Zacros America will be the same as that of Hedwin, as follows:

Hedwin Division of Zacros America, Inc.
1600 Roland Heights Avenue
Baltimore, MD 21211
Telephone #: 410-467-8209
Fax #: 410-467-1761

There will be some changes to operations. Specifically, Hedwin has assigned to Zacros all of Hedwin’s accounts receivable, including the right to receive your payment on such accounts. Therefore, effective as of the close of business on May 31, 2014, your future payments should be made to any of the following accounts:

By Check – Remit To:
Hedwin Division of Zacros America, Inc.
1600 Roland Heights Avenue
Baltimore, Maryland 21211

By ACH Wire Transfer – Remit To:
ABA#: 0260-0959-3
Bank of America
A/C#: 446026708694

By ACH Transfer – Remit To:
ABA#: 0520-0163-3
Bank of America
A/C#: 446026708694

We request that you to update your supplier/customer information accordingly. If you have any questions, please feel free to contact Joseph Wolfson, Vice President of Finance at 410-467-8209 x 327 or at [email protected].

Together as one company, Zacros America and its Hedwin Division will help our customers realize increased opportunities to expand their product offerings through a collaborative partnership built on quality, trust and innovation.

We look forward to serving you and thank you for your continued business.

Yours sincerely,

Richard F. Broo
Hedwin Division

Kazuhiko Maeda
Zacros America, Inc.