Exhibit 99.2

TECH INDUSTRIES, INC. AND AFFILIATES

UNAUDITED CONDENSED COMBINED FINANCIAL STATEMENTS

As of June 30, 2003 and
For the Six-Month Periods Ended June 30, 2003 and 2002

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TECH INDUSTRIES, INC. AND AFFILIATES

UNAUDITED CONDENSED COMBINED BALANCE SHEETS
(in thousands)

					June 30,
					2003
				ASSETS
Current assets:
	Cash and cash equivalents				$	5,167
	Accounts receivable, less allowance of $212					5,285
	Inventories					3,171
	Property held for sale					790
	Other current assets					340
		Total current assets				14,753
Property and equipment, net						5,502
Other assets						4
			Total assets		$	20,259
				LIABILITIES, MINORITY INTEREST AND EQUITY
Current liabilities:
	Accounts payable				$	895
	Accrued expenses and liabilities					1,236
		Total current liabilities				2,131
Minority interest						408
Equity:
	Common stock					21
	Paid-in capital					2,820
	Partners’ capital					1,576
	Shareholder loan					(1,080	)
	Retained earnings					14,383
			Total equity			17,720
				Total liabilities, minority interest and equity	$	20,259

The accompanying notes are an integral part of these condensed combined financial statements.

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TECH INDUSTRIES, INC. AND AFFILIATES

UNAUDITED CONDENSED COMBINED STATEMENTS OF OPERATIONS
(in thousands)

		For the Six-Month Periods
		Ended June 30,
		2003			2002
Sales		$	17,889		$	15,777
Cost of sales			13,405			11,983
	Gross profit		4,484			3,794
Selling, general and administrative			2,129			1,972
Research and development			—			168
	Income from operations		2,355			1,654
Other (income) expense:
	Interest income		(38	)		(33	)
	Commission income		(146	)		—
	Other, net		(288	)		65
			(472	)		32
	Net income	$	2,827		$	1,622

The accompanying notes are an integral part of these condensed combined financial statements.

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TECH INDUSTRIES, INC. AND AFFILIATES

UNAUDITED CONDENSED COMBINED STATEMENTS OF CASH FLOWS
(in thousands)

				For the Six-Month Periods
				Ended June 30,
				2003			2002
Cash flows used in operating activities:
	Net income			$	2,827		$	1,622
	Adjustments to reconcile net income to net cash provided by operating activities
		Depreciation and amortization			817			801
		(Gain) loss on foreign currency			(181	)		258
	(Increase) decrease in:
		Accounts receivable			(1,168	)		418
		Inventories			(366	)		778
		Other assets			(88	)		3
	Increase (decrease) in:
		Accounts payable			(28	)		(402	)
		Accrued expenses and liabilities			(197	)		369
			Net cash provided by operating activities		1,616			3,847
Cash flows from investing activities:
	Principal collected on notes receivable				—			12
	Capital expenditures				(229	)		(617	)
			Net cash used in investing activities		(229	)		(605	)
Cash flows from financing activities:
	Payments on long-term debt				—			(136	)
	Increase in shareholder loan				(1,080	)		—
	Capital contributions				4			11
	Distributions to stockholders/partners				(640	)		(3,773	)
			Net cash used by financing activities		(1,716	)		(3,898	)
Effect of exchange rate changes on cash					49			(48	)
	Net decrease in cash and cash equivalents				(280	)		(704	)
Cash and cash equivalents at beginning of period					5,447			1,468
Cash and cash equivalents at end of period				$	5,167		$	764

The accompanying notes are an integral part of these condensed combined financial statements.

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TECH INDUSTRIES, INC. AND AFFILIATES

NOTES TO UNAUDITED CONDENSED COMBINED FINANCIAL STATEMENTS

1.  Basis of Presentation:

     The accompanying unaudited condensed combined financial statements include the accounts of Tech Industries, Inc. (Tech) and its subsidiaries and affiliated entities Fairmount Realty Associates, 84 Fairmount Street Limited Partnership and Tech Industries U.K. Ltd. (collectively, the “Company”) and have been prepared in accordance with accounting principles generally accepted in the United States of America. The affiliated entities are included since the entities have common ownership with Tech. These affiliated entities are collectively referred to as the “Affiliates”. In the opinion of the Company’s management, the accompanying unaudited condensed combined financial statements contain all adjustments, consisting only of those of a normal, recurring nature necessary for a fair presentation of the results of operations and cash flows of the Company for the periods indicated. While management believes that the disclosures presented are adequate to make the information not misleading, these financial statements should be read in conjunction with the audited combined financial statements of the Company for the year ended December 29, 2002 included elsewhere in this Form 8-K/A. Operating results for the six-month period ended June 30, 2003 are not necessarily indicative of the results that may be expected for the fiscal year ended December 31, 2003.

2.  Subsequent Event:

     In August 2003, Tech Industries, Inc. distributed its stock ownership in Tech Industries Ireland Limited to the shareholders of Tech Industries, Inc.

     On September 19, 2003, all of the outstanding stock of Tech Industries, Inc., Tech Industries U.K. Ltd. and partnership interests of 84 Fairmount Street Ltd. Partnership and Fairmount Realty Associates were sold to Portola Packaging, Inc. “Portola”. Portola is a leading diversified packaging business based in San Jose, California, Portola designs, manufactures, and markets a full line of tamper-evident plastic closures primarily for the dairy, fruit juice, and bottled water market segments.

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