PUYOUNG ACQUIRES HARNOIS SHELTERS

SEOUL, Korea - April 22, 2016 - Puyoung Ind. Co., Ltd. today announced that it acquired Harnois Shelters, a leading Canadian brand of shelter and storage products.

"The acquisition of Harnois Shelters represents a tremendous step forward in our goal of being the premier manufacturer of tarpaulin products in Canada. Together with our King Canopy brand in the United States, Puyoung is now uniquely positioned as the market leader in canopy products in North America. Harnois' dedication to quality, innovative products as well as its core values of respect, team work, and transparency make it an excellent match for Puyoung. We look forward to combining the expertise of our two companies to make Harnois products even better for Canadian customers. We will continue to support all existing Harnois customers with the same excellent service that they have come to expect from Harnois Shelters," said Youngjin Koh, CEO of Puyoung.

Puyoung intends to continue the Harnois brand, its product line, and its current distribution channels through 2016 and beyond. New products are expected to become available starting 2017.

About Harnois Shelters
Based in Quebec, Harnois Shelters is Canada's leader in residential shelters since 1978. The product line includes shelters for vehicle storage, greenhouses, spa shelters, utility storage, and larger shelters for industrial or agricultural use. Harnois products are manufactured with customer safety as their top priority, and each model is thoroughly tested and inspected before launch in order to guarantee a durable product that will be able to withstand harsh winter conditions.
Learn more at http://www.abrisharnois.com/en/

About Puyoung Industrial Corporation, Ltd.
Puyoung Industrial Corporation, Ltd. is a leading manufacturer of woven polyethylene products. Its products are used around the globe in construction, industrial, agricultural, and recreational applications. Puyoung has more than 1000 employees in eight countries and prides itself on high quality products and excellent customer service.
Learn more at http://www.tarpaulin.co.kr/


Media Contact:
Paul Chang
VP and Director of Finance and Administration
Multisac, a division of Puyoung Industries Korea
Tel: +1-514-344-7227, Ex. 208
paul@multisac.com
http://www.tarpaulin.co.kr