Exhibit 99.3

NEPTCO Incorporated and Subsidiaries

Consolidated Financial Statements

As of December 30, 2011 and December 31, 2010 and
for the Years Ended December 30, 2011, December 31, 2010 and January 1, 2010

Contents

Report of Independent Auditors

To the Board of Directors and Stockholders of

NEPTCO Incorporated and Subsidiaries

We have audited the accompanying consolidated balance sheets of NEPTCO Incorporated and Subsidiaries (the Company) as of December 30, 2011 and December 31, 2010, and the related consolidated statements of operations, stockholders’ deficit and cash flows for the years ended December 30, 2011, December 31, 2010 and January 1, 2010. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Company’s internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of NEPTCO Incorporated and Subsidiaries as of December 30, 2011 and December 31, 2010, and the results of their operations and their cash flows for the years then ended, in conformity with US generally accepted accounting principles.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As more fully described in Note 2, the Company is in violation of certain debt covenants, therefore, the Company’s debt is callable by its banks. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. Management’s plans in regard to these matters also are described in Note 2. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

June 22, 2012

A member firm of Ernst & Young Global Limited

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NEPTCO Incorporated and Subsidiaries

Consolidated Balance Sheets
(In thousands, except share amounts)

See accompanying notes.

2

NEPTCO Incorporated and Subsidiaries

Consolidated Statements of Operations
(In thousands)

See accompanying notes.

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NEPTCO Incorporated and Subsidiaries

Consolidated Statements of Stockholders’ Deficit
(In thousands)

See accompanying notes.

4

NEPTCO Incorporated and Subsidiaries

Consolidated Statements of Cash Flows

(In thousands)

See accompanying notes.

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements

December 30, 2011

1. The Company

NEPTCO Incorporated (NEPTCO) supplies laminated film foils, composite strength elements, anti-static packaging tape and pulling tapes for the electronics and cable industries. NEPTCO’s four product lines are muletape, shielding products, cover tape and fiber-optic strength elements. The Company finishes and distributes its cover tape product lines in China.

The consolidated financial statements include the accounts of NEPTCO Inc. and its subsidiaries (the Company), including its wholly owned subsidiary in Suzhou, China, and its majority-controlled joint venture, NEPTCO JV LLC (JV). All material intercompany balances and transactions have been eliminated in consolidation. NEPTCO has consolidated the JV in its financial statements due to the existence of daily operating control, and the fact that the JV’s other partner only has protective rights.

2. Liquidity and Going Concern

The Company was in violation of certain debt covenants under its senior loan and senior subordinated loan arrangements at December 30, 2011 where borrowings outstanding amounted to $63.3 million and $22.9 million along with $12.2 million of deferred interest, respectively. Accordingly, the Company has presented both the senior and the senior subordinated borrowings as current liabilities at December 30, 2011.

As a result, this condition raises substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements have been prepared assuming the Company will continue as a going concern and, accordingly, do not include any adjustments that may result from the outcome of this uncertainty.

In the event the lenders do not call the Company’s debt, management’s plans with respect to this condition are as follows:

·                  As required, the Company has commenced the sale process of the Company and engaged an investment banker. There can be no assurance that a sale will occur on conditions acceptable to the Company. In the event the Company does not complete a sale of the business, the Company would then seek financing alternatives; however, there can be no assurance that the Company would obtain such financing on acceptable terms.

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

2. Liquidity and Going Concern (continued)

·                  The Company will continue to manage the business and generate a sufficient level of earnings before interest, depreciation taxes and amortization (EBITDA) to operate the business through 2012 in an attempt to meet its non-bank working capital obligations.

·                  The Company will seek new business opportunities to the extent the rate of investment return is commensurate with the risk involved in the opportunity.

·                  The Company will seek opportunities to reduce costs and manage production, sales and general and administrative expenses without significantly impacting the business.

In the event the Company’s banks call the outstanding debt, the Company’s lenders have the right to move the Company into a bankruptcy process.

3. Summary of Significant Accounting Policies

Fiscal Year

The Company has adopted a fiscal year ending the Friday nearest December 31. References to 2011, 2010 and 2009 are for the fiscal years ended December 30, 2011, December 31, 2010 and January 1, 2010 respectively.

Use of Estimates

The preparation of financial statements in conformity with US generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Translation of Foreign Currencies

Assets and liabilities of the Company’s foreign operations are translated into U.S. dollars in accordance with ASC 830, Foreign Currency Translation, at exchange rates in effect at the balance sheet date. Income and expenses are translated at the average rates prevailing during the period.

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

3. Summary of Significant Accounting Policies (continued)

The Company’s functional currency for its Chinese operation is the U.S. dollar and, therefore, all transactions denominated in currency other than local currency are recorded in the statement of operations.

The Company closed the European operation of its joint venture in Bresles, France in 2009 and liquidated the business in 2011.

The functional currency for operations in France was the Euro, and the Company recorded the foreign exchange effects of changes in foreign currency rates through accumulated other comprehensive income (loss) until the business was liquidated in 2011.

Foreign currency gains (losses) recognized in the statements of operations amounted to $.2 million in 2011, $.1 million in 2010 and $(.2) million in 2009.

Cash Equivalents

The Company considers all highly liquid instruments with an original maturity of three months or less to be cash equivalents. As of December 30, 2011 and December 31, 2010, the Company had no cash equivalents.

Inventories

Inventories include material, labor and manufacturing overhead, and are stated at the lower of cost (first-in, first-out) or market and consist of the following at (in thousands):

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

3. Summary of Significant Accounting Policies (continued)

The Company regularly reviews inventory quantities on-hand, and compares those amounts to historical and forecasted usage of, and demand for, each particular product or product line. A charge is recorded to cost of goods sold for excess and obsolete inventory to reduce the carrying value of the inventories to net realizable value. Inventory write-downs have historically been within the Company’s expectations and the provisions established.

Property, Plant and Equipment

Property, plant and equipment are stated at cost, except for plant and equipment under capital leases, which are stated at the present value of minimum lease payments. Property, plant and equipment consists of the following (in thousands, except years):

Depreciation on plant and equipment is calculated using the straight-line method over the estimated useful lives of the assets. Plant and equipment held under capital leases are amortized straight-line over the estimated useful life of the asset. Amortization of capital lease obligations is included in depreciation expense.

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

3. Summary of Significant Accounting Policies (continued)

Impairment of Long-Lived Assets

The Company assesses its long-lived assets for impairment whenever facts and circumstances indicate that the carrying amount may not be fully recoverable. To analyze recoverability, the Company projects undiscounted net future cash flows over the remaining estimated life of such assets. If these projected cash flows are less than the carrying amount, an impairment would be recognized. The impairment loss is measured based upon the difference between the carrying amount and the fair value of the assets.

Impairment of Property, Plant and Equipment

2011 Impairment

The Company recorded an impairment of equipment in the amount of $1.1 million to reduce the carrying value of certain equipment to $0 based on expected discounted cash flows. The impairment charge related to equipment no longer in service due to the discontinuation of a certain product line. The Company also recorded an impairment charge for the JV in the amount of $.6 million associated with equipment that the Company does not expect to utilize in the future. The equipment was written down to its estimated salvage value of approximately $.3 million.

2010 Impairment

During 2010, the Company recorded impairment of property, plant and equipment in the amounts of $.7 million, which represented certain amounts that had been previously included in construction in process that the Company concluded would not be placed into service. The Company recorded an impairment charge to write the value of the equipment to approximately $.1 million, which represents its estimated salvage value.

2009 Impairment

The Company recorded an impairment charge of $2.3 million in 2009, of which $1.8 million related to the JV, and $.5 million related to the Company’s wholly owned subsidiary in China.

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

3. Summary of Significant Accounting Policies (continued)

The $1.8 million impairment charge represented impaired equipment associated with a product line that was not generating positive cash flows. The Company has written the value of this equipment to $.4 million, which represents the estimated value of its alternative use to the Company. The $.5 million impairment charge in China related to equipment that was no longer in service.

Intangible Assets

Gross intangible assets consist of intellectual property of approximately $7.8 million at December 30, 2011, and $7.6 million at December 31, 2010. Accumulated amortization amounted to $4.2 million and $3.8 million at December 30, 2011 and December 31, 2010, respectively.

The intellectual property is amortized using the straight-line method over periods of up to 21 years. The estimated future amortization expense of acquired intangible assets for each of the next five years is approximately $.4 million annually.

Income Taxes

Deferred income taxes are determined utilizing the liability method. Under this method, deferred tax assets and liabilities are determined based upon differences between financial reporting and tax basis of assets and liabilities, and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse.

Revenue Recognition

Revenue on product sales is recognized when persuasive evidence of an arrangement exists, the price is fixed or determinable, delivery has occurred and there is reasonable assurance of collections of the sales proceeds. The Company generally obtains written purchase authorizations from customers for a specified amount of product at a specified price, and considers delivery to have occurred at the time of shipment. Revenue is recorded net of applicable allowances, including estimated allowances for returns, rebates and other discounts. Estimates of product returns and of allowances for doubtful accounts are based on the Company’s and industry trends. Such factors include historical collections, a customer’s current creditworthiness, age of the receivable balance, both individually and in the aggregate, and general economic conditions that may affect a customer’s ability to pay. In addition, the Company offers certain sales incentives based on certain levels of sales.

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

3. Summary of Significant Accounting Policies (continued)

The Company recognized $.9 million in 2011 and $.7 million in 2010 and 2009 as a reduction of sales related to these sales volume incentives. The allowance for volume incentives was $.8 million and $.6 million at December 30, 2011 and December 31, 2010, respectively.

Concentration of Risk

The Company performs ongoing credit evaluations of its customers, and generally does not require collateral. The Company maintains allowances for potential credit losses, and such losses have historically been within management’s expectations. Four customers accounted for net sales of approximately 29.9% in 2011, 30.4% in 2010 and 27.0% in 2009. Those customers accounted for 43% and 25% of accounts receivable at December 30, 2011 and December 31, 2010, respectively.

Approximately 16% of the Company’s labor force is covered by collective bargaining agreements.

Shipping and Handling Costs

The Company includes all costs related to freight-in charges in cost of sales. All costs related to freight-out on sales are included in selling, general, and administrative expenses. The Company freight out costs of $1.02 million, $.8 million and $.8 million during the years ended December 30, 2011, December 31, 2010 and January 1, 2010, respectively.

Research and Product Development

Research and product development costs are expensed as incurred, and amounted to $1.0 million in 2011 and 2010 and $.9 million in 2009.

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

3. Summary of Significant Accounting Policies (continued)

Fair Value of Financial Instruments

In accordance with the requirements of ASC 820, Disclosures About Fair Value of Financial Instruments, the Company has determined the estimated fair value amounts of its financial instruments using appropriate market information and valuation methodologies. Considerable judgment is required to develop the estimates of fair value; thus, the estimates are not necessarily indicative of the amounts that could be realized in a current market exchange. The Company’s financial instruments consist of cash, accounts receivable, accounts payable, bank debt and senior subordinated notes. The carrying value of these assets and liabilities are a reasonable estimate of their fair value at December 30, 2011 and December 31, 2010, based on short-term nature of the instruments or variable rates of interest related thereto.

Environmental Liability

Environmental investigatory, remediation, operating and maintenance costs are accrued when it is probable that a liability has been incurred, and the amount can be reasonably estimated. The most likely cost to be incurred is accrued based on an evaluation of currently available facts with respect to each individual site, including existing technology, current laws and regulations, and prior remediation experience.

Comprehensive Income (Loss)

Comprehensive income (loss) consists of net income (loss), cumulative foreign exchange translation adjustments and the change in the unrecognized pension liabilities. Accumulated comprehensive loss consisted of $494,000, $256,000, and $136,000 of unrecognized pension liabilities, net of tax, and $0, $154,000, and $24,000 of cumulative foreign exchange translation adjustments, respectively, as of December 30, 2011, December 31, 2010 and January 1, 2010.

Interest Rate Swap

The Company had an interest rate swap with a notional value of $13.0 million, which expired on July 1, 2010. During the term of the agreement, the Company paid a fixed interest rate of 5.275% on the $13.0 million notional amount, and a major financial institution, as counterparty to the agreement, paid the Company interest at a floating rate based on LIBOR on the notional amount.

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

3. Summary of Significant Accounting Policies (continued)

The Company also had an additional interest rate swap worth a notional value of $27.5 million, which expired on July 1, 2010. During the term of the agreement, the Company paid a fixed interest rate of 3.530% on the $27.5 million notional amount, and a major financial institution, as counterparty to the agreement, paid the Company interest at a floating rate based on LIBOR on the notional amount.

The gains on the interest rate swaps amounted to $1.7 million in 2010 and $2 million in 2009 and were recorded in interest expense, net of interest income.

Deferred Financing Costs

The Company had gross deferred financing costs in the amount of $2.0 million at December 30, 2011 and $1.8 million at December 31, 2010. Accumulated amortization amounted to approximately $1.5 million at December 30, 2011 and $1.1 million at December 31, 2010.

Joint Venture

On December 1, 2003, NEPTCO Inc. and the joint venture partner (an otherwise unrelated party) formed a Joint Venture, JV, whereby each member’s fiber optic strength elements businesses were combined. The members contributed a total of $15 million, which consisted of cash, inventory, machinery and equipment, and other intellectual property and liabilities and long-term debt. Included in this contribution was NEPTCO Inc. capital stock of NEPTCO Europe, a wholly owned subsidiary. This venture, which is 50% owned by each member, is managed and operated on a day-to-day basis by NEPTCO Inc. The JV has been recorded for financial reporting purposes at carryover basis due to (a) the day-to-day control of the JV by NEPTCO, (b) the contribution of similar productive assets by the joint venture partner, (c) the non-cash asset contributions by NEPTCO and NEPTCO’s control of the JV and (d) the inherent difficulty in determining the fair value of non-cash assets in the absence of cash consideration.

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

3. Summary of Significant Accounting Policies (continued)

The condensed balance sheet of the JV is as follows (in thousands):

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

3. Summary of Significant Accounting Policies (continued)

The results of operations of the JV are as follows for each of the years then ended (in thousands):

The JV also agrees to purchase a minimum of 80% of its total glass fiber requirements from the other joint venture partner. Additionally, the Company agrees to purchase private-label products exclusively from an affiliate of the other joint venture partner; however, the Company is not subject to a minimum purchase requirement on private-label products. Purchases from the joint venture partner were $4,926,000, $4,491,000 and $3,481,000 in 2011, 2010 and 2009, respectively. The JV had amounts due to the other joint venture partner of $351,000 and $485,000 at December 30, 2011 and December 31, 2010, respectively.

4. Debt in Default

At December 30, 2011, the Company was not in compliance with certain financial and operating covenants as required by the Company’s senior and senior subordinated borrowing arrangements.

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

4. Debt in Default (continued)

The Company has been in default of its arrangements and operated under a forbearance agreement with the senior lender, which included restrictions on access to available borrowings under its revolving line-of-credit. Additionally, the Company’s senior lender discontinued the option of a favorable optional interest rate, and instead applied a 200 basis point default penalty to the prevailing interest rate under the arrangement. As a result, the interest rate under the arrangement was 7.25% at December 31, 2010. The senior bank also placed restrictions on any payment of management fees to the Company’s primary shareholders.

The Company’s loan with its senior subordinated lender is cross-collateralized with its senior lender and, therefore, was also in default of that arrangement. Additionally, the senior subordinated lenders were restricted from receiving any cash interest payments.

In May 2011, the Company and its lenders agreed to a loan amendment, which waived the previous covenant violations, removed the forbearance agreement and established new covenants commencing in May 2011, which principally required certain levels of EBITDA. Additionally, the lenders agreed to eliminate the penalty interest, but replaced it with a minimum interest rate adjustment to the new prevailing interest rate. The amendment also added a .75% deferred interest charge on borrowings outstanding through December 31, 2011. Since the Company was not sold by December 31, 2011, the deferred rate escalated to 2%. The deferred interest is due at the earlier of repayment of the loan in full, or June 2013.

In 2011, the Company also issued immediately exercisable warrants to purchase 92,460 shares of common stock at $.001 per share to the senior lenders. The Company’s Board of Directors voted and approved to reduce the par value of the common stock from $.01 to $.001 per share. The fair value ascribed to the warrants was $0 per share since the Company’s common stock was worth $0 per share.

The May 2011 loan amendment to the Senior Subordinated Notes of $22.9 million, removed the forbearance agreement and established new covenants commencing in May 2011. The agreement required a reduction of the total interest from the sum of (a) base interest rate of 11% per annum (b) 2.0% — 3.0 % additional interest and (c) 2% penalty rate, to 8%. The 8% interest accrues on the $22.9 million principal amount, as well as the ongoing outstanding deferred interest amounts ($8.8 million at December 31, 2010). The Company also issued immediately exercisable warrants to purchase 582,500 shares of common stock at $.001 per share to the senior subordinated lenders, similar to those issued to the senior debt holders. The fair value ascribed to the warrants was $0 per share since the Company’s common stock was worth $0 per share.

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

4. Debt in Default (continued)

At December 30, 2011 and December 31, 2010, the Company had secured borrowings outstanding with its senior lender in the amount of $63.3 million and $67.9 million, respectively. These amounts are net of unamortized debt discounts in the amount of $.4 million and $.6 million at December 30, 2011 and December 31, 2010. The borrowings are due in escalating principal installments through 2013.

Under the arrangement with its senior lender, the Company also has a collateralized revolving line-of-credit which allows for borrowings of up to $7.5 million, which is limited based on certain leverage ratios. There were no borrowings outstanding at December 30, 2011 and December 31, 2010. The arrangement expires in 2013. The Company is required to pay a commitment fee on the average daily aggregated unutilized portion of the revolving line of credit at a rate ranging from .375% to .5% per year, depending on the amount of the leverage ratio.

The Company also has Senior Subordinated Notes due in 2013 in the amount of $22.9 million at December 30, 2011 and December 31, 2010. The Senior Subordinated Notes are unsecured, and bear interest at a rate of 8% per annum. Total deferred and unpaid interest amounted to $12.2 million at December 30, 2011 and $8.9 million at December 31, 2010.

The Senior Subordinated Notes and related interest are redeemable at the option of the Company, and in the event of a change of control or asset disposition, provided that the borrowings to its senior debt holder have been paid in full. The voluntary prepayments bear a prepayment penalty if paid prior to the third anniversary.

The Company has presented both the senior and the senior subordinated borrowings as current liabilities at December 30, 2011, since the Company was in violation of certain debt covenants and is in default of its debt. The net book value of assets securing loans at December 30, 2011 is approximately $50.3 million which includes all of the assets of NEPTCO Inc. in the United States as well as the investments in JV and its subsidiary in Suzho, China.

Required principal payments under the borrowing arrangements are $33.6 million in 2012 and $52.6 million in 2013.

Interest paid, including the interest rate swap, amounted to $4.1 million in 2011, $7.1 million in 2010, and $9.7 million in 2009.

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

5. Accrued Expenses

Accrued expenses consisted of the following (in thousands):

6. Lease Arrangements

The Company is obligated under various capital and operating leases, primarily for equipment, that expire over the next five years. Future minimum lease payments under non-cancelable operating leases (with initial or remaining lease terms in excess of one year), and the present value of future minimum capital lease payments as of December 30, 2011, are as follows (in thousands):

Total rent expense was $.4 million in 2011 and 2010 and $.5 million in 2009.

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

7. Contingencies

The Company is a defendant in various lawsuits and administrative proceedings that are being handled in the ordinary course of business. In the opinion of management of the Company, these suits and claims should not result in final judgments or settlements that, in the aggregate, would have a material adverse effect on the Company’s financial condition or results of operations.

Liabilities for loss contingencies, including environmental remediation costs, arising from claims, assessments, litigation, fines, patent infringements and penalties, and other sources are recorded when it is probable that a liability has been incurred, and the amount of the assessment and/or remediation can be reasonably estimated.

The Company is currently assessing potential costs to be incurred for environmental clean-up at its facilities in Lenoir and Granite Falls, North Carolina, and Pawtucket, Rhode Island. The potential costs related to these matters are uncertain due to factors such as the unknown magnitude of clean-up required, and the timing and nature of procedures to be performed. At December 30, 2011 and December 31, 2010, accrued expenses include approximately $275,000 and $330,000, respectively, to provide for estimated environmental clean-up costs. The Company is fully indemnified for amounts over $.9 million up to $20 million for any pre-acquisition environmental liabilities by the former owner of the Company.

In the opinion of management, the ultimate liability of these matters will not be material to the Company’s financial position, results of operations or cash flows.

8. Employee Benefit Plans

Defined Benefit Plan

The Company has a defined benefit pension plan covering substantially all of its union employees at the Pawtucket Plant. This plan was frozen effective October 31, 2006, and as a result, no new participants will enter the plan and the benefits of current participants are being frozen as of that date. The benefits are based on years of service and the employee’s average compensation during the earlier of five years before retirement, or October 31, 2006.

The Company recognizes in its balance sheet an asset for the plan’s overfunded status or a liability for a plan’s underfunded status. The Company measures the plan’s assets and obligations that determine its funded status as of the end of the Company’s fiscal year, recognizes changes in the funded status of the plan in the year in which the changes occur and

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

reports these changes in other comprehensive loss. As required, the Company measured plan assets and obligations as of the date of their fiscal year end.

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NEPTCO Incorporated and Subsidiaries

Notes to Consolidated Financial Statements (continued)

8. Employee Benefit Plans (continued)

The following tables set forth the plan’s benefit obligations, fair value of plan assets, funded status and amounts recognized in the consolidated financial statements at December 30, 2011 and December 31, 2010 (in thousands):