<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
BORDEN CHEMICALS AND
PLASTICS LIMITED PARTNERSHIP
(Name of Issuer)
Common Unit
-----------
(Title of Class of Securities)
099541 20 3
-----------
(CUSIP Number)
Albert A. Woodward, Esq.
Maun & Simon, PLC
2000 Midwest Plaza Building West
801 Nicollet Mall
Minneapolis, Minnesota 55402
(612) 904-7400
--------------
(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
October 23, 1998
----------------
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
(Cover page continued on next 8 pages)
<PAGE>
<TABLE>
<CAPTION>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ ---------------------------------------
<S> <C>
(1) Names of reporting persons............................ MARC H. KOZBERG
I.R.S. Identification Nos. of above persons (entities only)
- ------------------------------------------------------------ ---------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions)
---------------------------------------
(b)
- ------------------------------------------------------------ ---------------------------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ ---------------------------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ ---------------------------------------
(5) Check if disclosure of legal proceedings is
required pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ ---------------------------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ ---------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power................................ 50,000
(8) Shared voting power.............................. 400,000
(9) Sole dispositive power........................... 50,000
(10) Shared dispositive power......................... 400,000
- ------------------------------------------------------------ ---------------------------------------
(11) Aggregate amount beneficially owned by 450,000
each reporting person.
- ------------------------------------------------------------ ---------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- ------------------------------------------------------------ ---------------------------------------
(13) Percent of class represented by amount in Row (11)... 1.2%
- ------------------------------------------------------------ ---------------------------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ ---------------------------------------
<PAGE>
<CAPTION>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ ---------------------------------------
<S> <C>
(1) Names of reporting persons............................ BRUCE E. HENDRY
I.R.S. Identification Nos. of above persons
(entities only)
- ------------------------------------------------------------ ---------------------------------------
(2) Check the appropriate box if a member of a (a) X
group (see instructions)
---------------------------------------
(b)
- ------------------------------------------------------------ ---------------------------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ ---------------------------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ ---------------------------------------
(5) Check if disclosure of legal proceedings is
required pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ ---------------------------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ ---------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power................................ 1,091,300
(8) Shared voting power.............................. -0-
(9) Sole dispositive power........................... 1,091,300
(10) Shared dispositive power........................ -0-
- ------------------------------------------------------------ ---------------------------------------
(11) Aggregate amount beneficially owned by 1,091,300
each reporting person.
- ------------------------------------------------------------ ---------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- ------------------------------------------------------------ ---------------------------------------
(13) Percent of class represented by amount in
Row (11)... 3.0%
- ------------------------------------------------------------ ---------------------------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ ---------------------------------------
<PAGE>
<CAPTION>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ ---------------------------------------
<S> <C>
(1) Names of reporting persons............................ DR. DEMETRE NICOLOFF
I.R.S. Identification Nos. of above persons (entities only)
- ------------------------------------------------------------ ---------------------------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
---------------------------------------
(b)
- ------------------------------------------------------------ ---------------------------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ ---------------------------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ ---------------------------------------
(5) Check if disclosure of legal proceedings is
required pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ ---------------------------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ ---------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power................................ 100,000
(8) Shared voting power.............................. 400,000
(9) Sole dispositive power........................... 100,000
(10) Shared dispositive power......................... 400,000
- ------------------------------------------------------------ ---------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 500,000
- ------------------------------------------------------------ ---------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- ------------------------------------------------------------ ---------------------------------------
(13) Percent of class represented by amount in
Row (11)... 1.4%
- ------------------------------------------------------------ ---------------------------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ ---------------------------------------
<PAGE>
<CAPTION>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ ---------------------------------------
<S> <C>
(1) Names of reporting persons............................ G. JAMES SPINNER
I.R.S. Identification Nos. of above persons (entities only)
- ------------------------------------------------------------ ---------------------------------------
(2) Check the appropriate box if a member of a
group (see instructions) (a) X
---------------------------------------
(b)
- ------------------------------------------------------------ ---------------------------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ ---------------------------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ ---------------------------------------
(5) Check if disclosure of legal proceedings is
required pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ ---------------------------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ ---------------------------------------
Number of shares beneficially owned by each
reporting person with:
(7) Sole voting power................................ 50,000
(8) Shared voting power.............................. 400,000
(9) Sole dispositive power........................... 50,000
(10) Shared dispositive power......................... 400,000
- ------------------------------------------------------------ ---------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 450,000
- ------------------------------------------------------------ ---------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- ------------------------------------------------------------ ---------------------------------------
(13) Percent of class represented by amount in Row (11).... 1.2%
- ------------------------------------------------------------ ---------------------------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ ---------------------------------------
<PAGE>
<CAPTION>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ ---------------------------------------
<S> <C>
(1) Names of reporting persons............................ ROBERT H. PAYMAR
I.R.S. Identification Nos. of above persons (entities only)
- ------------------------------------------------------------ ---------------------------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
---------------------------------------
(b)
- ------------------------------------------------------------ ---------------------------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ ---------------------------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ ---------------------------------------
(5) Check if disclosure of legal proceedings is required pursuant to Items 2(d)
or 2(e).
- ------------------------------------------------------------ ---------------------------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ ---------------------------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 100,000
(8) Shared voting power.............................. 400,000
(9) Sole dispositive power........................... 100,000
(10) Shared dispositive power......................... 400,000
- ------------------------------------------------------------ ---------------------------------------
(11) Aggregate amount beneficially owned by
each reporting person. 500,000
- ------------------------------------------------------------ ---------------------------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ ---------------------------------------
(13) Percent of class represented by amount in Row (11)... 1.4%
- ------------------------------------------------------------ ---------------------------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ ---------------------------------------
<PAGE>
<CAPTION>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ ---------------------------------------
<S> <C>
(1) Names of reporting persons............................ STANLEY I. BARENBAUM
I.R.S. Identification Nos. of above persons (entities only)
- ------------------------------------------------------------ ---------------------------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
---------------------------------------
(b)
- ------------------------------------------------------------ ---------------------------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ ---------------------------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ ---------------------------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ ---------------------------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ ---------------------------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 50,000
(8) Shared voting power.............................. 400,000
(9) Sole dispositive power........................... 50,000
(10) Shared dispositive power......................... 400,000
- ------------------------------------------------------------ ---------------------------------------
(11) Aggregate amount beneficially owned by each
reporting person. 450,000
- ------------------------------------------------------------ ---------------------------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ ---------------------------------------
(13) Percent of class represented by amount in Row (11)... 1.2%
- ------------------------------------------------------------ ---------------------------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ ---------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ ---------------------------------------
(1) Names of reporting persons............................ JAMES A. POTTER
I.R.S. Identification Nos. of above persons
(entities only)
- ------------------------------------------------------------ ---------------------------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
---------------------------------------
(b)
- ------------------------------------------------------------ ---------------------------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ ---------------------------------------
(4) Source of funds (see instructions) PF
- ------------------------------------------------------------ ---------------------------------------
(5) Check if disclosure of legal proceedings is
required pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ ---------------------------------------
(6) Citizenship or place of organization.................. USA
- ------------------------------------------------------------ ---------------------------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 40,000
(8) Shared voting power.............................. -0-
(9) Sole dispositive power........................... 40,000
(10) Shared dispositive power......................... -0-
- ------------------------------------------------------------ ---------------------------------------
(11) Aggregate amount beneficially owned by each
reporting person. 40,000
- ------------------------------------------------------------ ---------------------------------------
(12) Check if the aggregate amount in Row (11)
excludes certain shares (see instructions).
- ------------------------------------------------------------ ---------------------------------------
(13) Percent of class represented by amount in Row (11)... 0.1%
- ------------------------------------------------------------ ---------------------------------------
(14) Type of reporting person (see instructions).......... IN
- ------------------------------------------------------------ ---------------------------------------
<PAGE>
<CAPTION>
SCHEDULE 13D
CUSIP NO. 099541 20 3
- ------------------------------------------------------------ ---------------------------------------
<S> <C>
(1) Names of reporting persons............................ SUMMIT CAPITAL APPRECIATION FUND LP
I.R.S. Identification Nos. of above persons (entities only)
- ------------------------------------------------------------ ---------------------------------------
(2) Check the appropriate box if a member of a group (see (a) X
instructions)
---------------------------------------
(b)
- ------------------------------------------------------------ ---------------------------------------
(3) SEC use only..........................................
- ------------------------------------------------------------ ---------------------------------------
(4) Source of funds (see instructions) WC
- ------------------------------------------------------------ ---------------------------------------
(5) Check if disclosure of legal proceedings is required
pursuant to Items 2(d) or 2(e).
- ------------------------------------------------------------ ---------------------------------------
(6) Citizenship or place of organization.................. MINNESOTA
- ------------------------------------------------------------ ---------------------------------------
Number of shares beneficially owned by each reporting
person with:
(7) Sole voting power................................ 400,000
(8) Shared voting power.............................. -0-
(9) Sole dispositive power........................... 400,000
(10) Shared dispositive power......................... -0-
- ------------------------------------------------------------ ---------------------------------------
(11) Aggregate amount beneficially owned by each
reporting person. 400,000
- ------------------------------------------------------------ ---------------------------------------
(12) Check if the aggregate amount in Row (11) excludes
certain shares (see instructions).
- ------------------------------------------------------------ ---------------------------------------
(13) Percent of class represented by amount in Row (11)... 1.1%
- ------------------------------------------------------------ ---------------------------------------
(14) Type of reporting person (see instructions).......... PN
- ------------------------------------------------------------ ---------------------------------------
</TABLE>
<PAGE>
ITEM 1. SECURITY AND ISSUER
- ----------------------------
This statement relates to the voting Common Units of Borden Chemicals
and Plastics Limited Partnership (the "Issuer"), a Delaware limited partnership,
having its principal place of business at Highway 73, Geismar, Louisiana 70734.
ITEM 2. IDENTITY AND BACKGROUND
- --------------------------------
This statement is filed jointly by the individuals and entity
identified below (collectively the "Holders"):
<TABLE>
<C> <S>
1. Marc H. Kozberg
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Kozberg is an investor and is employed by Dougherty Summit
Securities LLC
2. Bruce E. Hendry
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Hendry is an investor and is employed by Dougherty Summit
Securities LLC
3. James A. Potter
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Potter is an investor and is employed by Dougherty Summit
Securities LLC
4. Dr. Demetre Nicoloff
920 East 28th Street
Minneapolis, MN 55407
Dr. Nicoloff is a physician with an office at the above address.
5. G. James Spinner
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Spinner is an investor and is employed by Dougherty Summit
Securities LLC
6. Robert H. Paymar
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Paymar is an investor and is employed by Dougherty Summit
Securities LLC
<PAGE>
<C> <S>
7. Stanley I. Barenbaum
c/o Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Mr. Barenbaum is an investor and is self employed
8. Summit Capital Appreciation Fund LP
Dougherty Summit Securities LLC
90 South Seventh Street, Suite 4000
Minneapolis, MN 55402
Summit Capital Fund Appreciation Fund LP is a limited partnership
organized in Minnesota. SCA Management Partners L.L.P., a Minnesota
limited liability partnership, is the general partner of Summit Capital
Appreciation Fund LP. Messrs. Kozberg, Nicoloff, Spinner, Paymar, and
Barenbaum are the partners of SCA Management Partners L.L.P.
</TABLE>
None of the above-referenced Holders has, during the past five years,
been convicted in a criminal proceeding, excluding traffic violations or similar
misdemeanors, nor have any of the Holders been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction where, as a result
of such proceeding, any of the Holders became subject to a judgment, decree, or
final order enjoining future violations of, or prohibiting or mandating
activities subject to federal or state securities laws or finding any violation
with respect to such laws.
Each individual Holder is a citizen of the United States. Summit
Capital Appreciation Fund LP is a limited partnership organized in Minnesota.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
- -----------------------------------------------------------
The Common Units of the Issuer were purchased by each Holder from
available cash resources or working capital.
ITEM 4. PURPOSE OF TRANSACTION.
- --------------------------------
See Item 3. The Holders have acquired the Common Units of the Issuer
for investment purposes. Although the Holders have no plans to acquire
additional Common Units of the Issuer, they specifically reserve the right to
purchase additional Common Units of the Issuer or to sell
<PAGE>
Common Units if they deem it in their best interest. The Holders specifically
reserve the right to communicate with other Unit holders of the Issuer
regarding matters of common concern as Unit holders of the Issuer. The
Holders do not have any plans or proposals respecting extraordinary corporate
transactions effecting the Issuer, sale of its assets, changes in its
management, capitalization, dividend policy, business or corporate structure,
charter or bylaws, or the listing of the Issuer's securities or similar
actions, but the Holders do intend to explore opportunities to enhance Unit
holder value. In that regard, the Holders, through Mr. Kozberg and Mr.
Hendry, expect to continue to hold discussions with management of the Issuer
on maximizing Unit holder value.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
- ---------------------------------------------
Information with respect to the aggregate number, and percentage, of
all outstanding Common Units beneficially owned as of October 27, 1998 by each
of the Holders is set forth below:
<TABLE>
<CAPTION>
Percentage of
Name Number of Common Units Outstanding Units
---- ---------------------- -----------------
<S> <C> <C>
Marc H. Kozberg 450,000* 1.2%
Bruce E. Hendry 1,091,300 3.0%
Dr. Demetre Nicoloff 500,000* 1.4%
G. James Spinner 450,000* 1.2%
Robert H. Paymar 500,000* 1.4%
Stanley I. Barenbaum 450,000* 1.2%
James A. Potter 40,000 0.1%
Summit Capital
Appreciation Fund LP 400,000 1.09%
</TABLE>
- --------------
* Includes 400,000 Common Units owned by Summit Capital Appreciation Fund LP.
The Holders' response to Items 7 through 13 of the cover pages of the
statement are incorporated herein by reference.
According to the Issuer's most current filing with the SEC, the Issuer
has 36,750,000 Common Units outstanding. The Holders, at the present time,
collectively own 1,881,300 Units of the Issuer's Common Units (including the
Units owned by the limited partners of the general partner of Summit Capital
Appreciation Fund LP noted above, constituting approximately 5.12%
<PAGE>
of all of the outstanding voting Common Units). Transactions by the Holders
in Common Units of the Issuer in the last 60 days are as follows:
<TABLE>
<CAPTION>
TYPE OF NUMBER OF PRICE/
NAME DATE TRANSACTION UNITS UNIT
---- ---- ----------- --------- -------
<S> <C> <C> <C>
Robert H. Paymar 08/28/98 Buy 3,100 3.3125
SCAF, LP* 09/01/98 Buy 3,000 3.09
Robert H. Paymar 09/01/98 Buy 10,000 3.0917
James A. Potter 09/02/98 Buy 2,500 3.125
SCAF, LP 09/02/98 Buy 10,000 2.95
SCAF, LP 09/02/98 Buy 45,000 3.10
Robert H. Paymar 09/03/98 Buy 5,000 3.00
Bruce H. Hendry 09/15/98 Buy 128,800 3.1773
James A. Potter 09/15/98 Buy 5,000 3.1773
Robert H. Paymar 09/15/98 Buy 6,900 3.1773
Bruce H. Hendry 09/16/98 Buy 32,600 3.4268
Bruce H. Hendry 09/17/98 Buy 57,200 3.465
Bruce H. Hendry 09/18/98 Buy 36,500 3.4777
Bruce H. Hendry 09/21/98 Buy 25,000 3.3875
Bruce H. Hendry 09/22/98 Buy 25,000 3.4125
Bruce H. Hendry 09/23/98 Buy 3,000 3.4375
Bruce H. Hendry 09/24/98 Buy 68,500 3.4375
Bruce H. Hendry 09/25/98 Buy 8,400 3.4375
Bruce H. Hendry 10/07/98 Buy 38,000 3.125
Bruce H. Hendry 10/07/98 Buy 140,000 2.9848
James A. Potter 10/08/98 Buy 5,000 2.9807
SCAF, LP 10/15/98 Buy 15,000 3.04
SCAF, LP 10/20/98 Buy 25,000 2.87
Dr. Demetre Nicoloff 10/20/98 Buy 11,400 2.87
G. James Spinner 10/21/98 Buy 10,000 3.00
James A. Potter 10/23/98 Buy 10,800 3.00
Bruce H. Hendry 10/23/98 Buy 24,300 2.9279
Bruce H. Hendry 10/23/98 Buy 49,000 3.0869
Marc H. Kozberg 10/23/98 Buy 36,000 2.93
G. James Spinner 10/23/98 Buy 20,000 2.875
</TABLE>
- ------
*Summit Capital Appreciation Fund LP
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
None.
<PAGE>
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A -- Agreement as to joint filing pursuant to Regulation
Section 240.13d-1(f)(1)(iii).
SIGNATURE
After reasonable inquiry, and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: October 27, 1998
/s/ Bruce E. Hendry
---------------------------
SIGNATURE
After reasonable inquiry, and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: October 27, 1998
/s/ Marc H. Kozberg
---------------------------
SIGNATURE
After reasonable inquiry, and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: October 27, 1998
/s/ Dr. Demetre Nicoloff
---------------------------
<PAGE>
SIGNATURE
After reasonable inquiry, and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: October 27, 1998
/s/ G. James Spinner
---------------------------
SIGNATURE
After reasonable inquiry, and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: October 27, 1998
/s/ Robert H. Paymar
---------------------------
SIGNATURE
After reasonable inquiry, and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: October 27, 1998
/s/ Stanley I. Barenbaum
---------------------------
SIGNATURE
After reasonable inquiry, and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: October 27, 1998
/s/ James A. Potter
---------------------------
SIGNATURE
After reasonable inquiry, and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
<PAGE>
Dated: October 27, 1998
SUMMIT CAPITAL APPRECIATION
FUND LP
By: SCA Management Partners L.L.P.
By: /s/ Marc H. Kozberg
--------------------------
Marc H. Kozberg, a partner
<PAGE>
EXHIBIT A
AGREEMENT AS TO JOINT FILING
Pursuant to Regulation Section 240.13d-1(f)(1)(iii), the undersigned
acknowledge and agree that the attached Schedule 13D relating to Borden
Chemicals and Plastics Limited Partnership is being filed on behalf of each of
the undersigned.
/s/ Bruce E. Hendry
---------------------------------------
/s/ Marc H. Kozberg
---------------------------------------
/s/ Dr. Demetre Nicoloff
---------------------------------------
/s/ G. James Spinner
---------------------------------------
/s/ Robert H. Paymar
---------------------------------------
/s/ Stanley I. Barenbaum
---------------------------------------
/s/ James A. Potter
---------------------------------------
SUMMIT CAPITAL APPRECIATION
FUND LP
By: SCA Management Partners L.L.P.
By: /s/ Marc H. Kozberg
-----------------------------
Marc H. Kozberg, a partner
