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The Hallwood Group Incorporated (the "Company") is a holding company with interests in textile products and energy. The Company has a 100% consolidated investment in its textile products subsidiary and a 22% equity investment in its private energy affiliate, Hallwood Energy, L.P.
The Company's textile products subsidiary, Brookwood Companies Incorporated ("Brookwood"), is an integrated textile firm that develops and produces innovative fabrics and related products through specialized finishing, treating and coating processes.
Hallwood Energy is a privately held independent oil and gas limited partnership and operates as an upstream energy company engaging in the acquisition, development, exploration, production, and sale of hydrocarbons, with a primary focus on natural gas assets.
The Company's common shares are traded on the NYSE Amex exchange under the symbol HWG. The Company's preferred shares are not publicly traded.
Textile Products
At its Rhode Island plant, Brookwood uses the latest technologies and processes in dyeing, finishing, coating and printing of woven synthetic products to provide quality finishing services for fabrics used in a variety of markets, such as military, luggage and knapsacks, flag and banner, apparel, industrial and sailcloth.
Brookwood's laminating plant in Connecticut uses the latest in processing technology to provide quality laminating services for fabrics used in military clothing and equipment, sailcloth, medical equipment, industrial applications and consumer apparel. Up to seven layers of textile material can be processed using both wet and dry lamination techniques.
Among branded products that Brookwood manufactures are the following:
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ASSAULTTM
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BARRIER ASSAULT TEXTILE TECHNOLOGYTM
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BATTTM
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GLACIER X-TREMETM
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STORM-TECHTM
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X 202 U.S.A.TM
Energy
Hallwood Energy's activities are focused in two identifiable geographical areas:
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Central and Eastern Arkansas - The primary targets are in the Fayetteville Shale and Penn Sand formations.
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West Texas - The primary targets are the Barnett Shale and Woodford Shale formations.
On March 1, 2009, Hallwood Energy, L.P., Hallwood Energy Management, LLC (the general partner of Hallwood Energy) and Hallwood Energy's subsidiaries, filed petitions for relief under Chapter 11 of the bankruptcy code in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. Hallwood Energy will be seeking to develop a plan or reorganization with the goal of enabling it to continue operations. The Company is only an investor in and creditor of Hallwood Energy. The bankruptcy filing does not include the Company or any other of its assets.
Please refer to the Company's filings with the Securities and Exchange Commission for a further description of the Company's textile products and energy activities.
Executive Offices
3710 Rawlins, Suite 1500
Dallas, Texas 75219-4236
Telephone:214/528-5588, 800/225-0135
Facsimile: 214/522-9254
Common Stock Listing
NYSE Amex exchange (symbol: HWG)
Directors
Anthony J. Gumbiner
Chairman & Chief Executive Officer
Charles A. Crocco, Jr
Attorney
W. Garrett Smith
Chief Executive Officer
Spinnerhawk Companies
Officers
Anthony J. Gumbiner
Chairman & Chief Executive Officer
William L. Guzzetti
President & Chief Operating Officer
Richard Kelley
Vice President, Chief Financial Officer & Secretary
Joseph T. Koenig
Treasurer & Assistant Secretary
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