Indusco Group Appoints President

August 31, 2007 • Howard Schloss, CEO of The Indusco Group, Inc., in conjunction with the board of directors, has appointed Craig Hayward to the position of president of The Indusco Group, effective Oct. 1, 2007.

“It is an honor to take over the reigns of The Indusco Group and continue the vision that has guided this company for the past 100 years,” said Hayward. “We will remain committed to service, quality, and strengthening our customer relationships.”

Hayward joined The Indusco Group, Baltimore, Md., in 1999 as vice president of sales for the wholesale division. For the past four years, as executive vice president and general manager, Hayward has been responsible for all business units of The Industrial Sales Company.

“Craig has had great success managing and leading a number of our businesses over his eight-year career with The Indusco Group,” Schloss said. “The timing is right to expand his responsibilities and more fully utilize his abilities. Craig possesses a broad range of sales and management skills, over twenty-years of industry experience and most importantly, the leadership skills necessary to continue our focus on internal growth and industry related acquisitions.”

Hayward is a Baltimore native and holds an MBA from Loyola College Sellinger School of Business. In October, Hayward will be completing his term as president of the Associated Wire Rope Fabricators and is well positioned for the additional responsibilities associated with moving the organization forward with the help of an experienced management team.

The Indusco Group is a privately held fabricator and supplier of wire rope and rigging products. Currently, the group is comprised of eleven distribution/fabrication facilities nationally.