EX-99 3 mm02-2107_8ke992.txt EXHIBIT 99.2 ------------
SUMMARY OF BMCA/ELK COST SAVING SYNERGIES PURCHASING COST SAVINGS ----------------------- Leveraging asphalt purchasing capabilities $ 11.0 Other purchasing savings 14.0 ------- TOTAL PURCHASING COST SAVINGS $ 25.0 MANUFACTURING COST SAVINGS -------------------------- Leveraging shingle construction expertise $ 19.0 Supplying glass fiber and glass mat from more strategically located plants 6.0 ------- TOTAL MANUFACTURING COST SAVINGS $ 25.0 LOGISTICS AND TRANSPORTATION COST SAVINGS ----------------------------------------- Transportation savings $ 27.0 Reduced warehousing costs 8.0 ------- TOTAL LOGISTICS AND TRANSPORTATION COST SAVINGS $ 35.0 SELLING, GENERAL AND ADMINISTRATIVE COST SAVINGS ------------------------------------------------ Selling and administrative cost savings $ 29.0 Duplicative advertising and technical spending 4.0 Eliminate public company costs 2.0 ------- TOTAL SELLING, GENERAL AND ADMINISTRATIVE COST SAVINGS $ 35.0 -------------------------------------------------------------------------------------- TOTAL IDENTIFIED ANNUAL COST SAVING SYNERGIES $ 120.0 --------------------------------------------------------------------------------------