ElkCorp Completes Sale of Former CyberShield Facility in Canton, Ga.

    Business Editors/Building/Construction Writers

    DALLAS--(BUSINESS WIRE)--March 15, 2005--ElkCorp (NYSE:ELK) announced that on February 24, 2005, it completed the sale of the Canton, Ga. manufacturing facility that was once part of its CyberShield operations, divested by the company in August 2004. Specific details of the transaction were not disclosed; however, the sale will not have a significant impact on ElkCorp's financial condition or consolidated results for the quarter but will generate positive cash for the company.
    "The sale of the Canton facility is consistent with our plan to further enhance the business by focusing on our core areas of expertise in the building products industry. Divesting companies that are not focused on our core areas allows us to better utilize our resources and distribution strategies to take ElkCorp and its product platforms to the next level," said Thomas Karol, chairman and chief executive officer of ElkCorp.

    About ElkCorp:

    ElkCorp, through its subsidiaries, manufactures Elk brand premium roofing and building products (over 90% of consolidated revenue) and provides technologically advanced products and services to other industries. Each of ElkCorp's principal operating subsidiaries is a leader within its particular market. Its common stock is listed on the New York Stock Exchange (NYSE:ELK). See www.elkcorp.com for more information.

    Safe Harbor Provisions

    In accordance with the safe harbor provisions of the securities law regarding forward-looking statements, in addition to the historical information contained herein, the above discussion contains forward-looking statements that involve risks and uncertainties. The statements that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements usually are accompanied by words such as "optimistic," "vision," "outlook," "believe," "estimate," "potential," "forecast," "project," "expect," "anticipate," "plan," "predict," "could," "should," "may," "likely," or similar words that convey the uncertainty of future events or outcomes. These statements are based on judgments the company believes are reasonable; however, ElkCorp's actual results could differ materially from those discussed here. Factors that could cause or contribute to such differences could include, but are not limited to, changes in demand, prices, raw material costs, transportation costs, changes in economic conditions of the various markets the company serves, changes in the amount and severity of inclement weather, acts of God, war or terrorism, as well as the other risks detailed herein, and in the company's reports filed with the Securities and Exchange Commission, including but not limited to, its Form 10-K for the fiscal year ending June 30, 2004 and Form 10-Q for the quarter ended December 31, 2004.

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CONTACT: ElkCorp Stephanie Elwood, 972-851-0472

KEYWORD: TEXAS GEORGIA INDUSTRY KEYWORD: MANUFACTURING REAL ESTATE BUILDING/CONSTRUCTION SOURCE: ElkCorp

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