<PAGE>
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
Filed by the Registrant [_]
Filed by a Party other than the Registrant [X]
Check the appropriate box:
[_] Preliminary Proxy Statement
[_] CONFIDENTIAL, FOR USE OF THE
COMMISSION ONLY (AS PERMITTED BY
RULE 14A-6(E)(2))
[_] Definitive Proxy Statement
[X] Definitive Additional Materials
[_] Soliciting Material Pursuant to (S) 240.14a-11(c) or (S) 240.14a-12
BRUNSWICK TECHNOLOGIES, INC.
--------------------------------------------------------------------------------
(Name of Registrant as Specified In Its Charter)
VETROTEX CERTAINTEED CORPORATION
--------------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
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(1) Title of each class of securities to which transaction applies:
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(2) Aggregate number of securities to which transaction applies:
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(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which
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(5) Total fee paid:
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[_] Fee paid previously with preliminary materials.
[_] Check box if any part of the fee is offset as provided by Exchange
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Notes:
<PAGE>
Vetrotex CertainTeed Corporation
750 E. Swedesford Road
Valley Forge, PA 19482
May 31, 2000
Dear Fellow Shareholder:
As you know, CertainTeed is offering to purchase the shares of Brunswick
Technologies for $8 in cash per share. This price represents a premium of 46%
over the closing price of $5.50 on April 14, the last trading day before the
announcement of CertainTeed's offer.
BTI's Board summarily rejected CertainTeed's premium offer. Yet, as of
today, a full month and a half after the offer was made, they have failed to
present BTI shareholders with a single credible alternative. Instead, BTI has
depleted its own resources, by waging unsuccessful battles in court and the
Maine legislature seeking to deny BTI shareholders the right to vote or tender
their shares. At the same time they have granted more than two million
dollars' worth of "golden parachute" benefits to six senior executives and
adopted a "poison pill" rights plan without your approval. These costs come
out of your pocket as a BTI shareholder and make BTI less valuable to you and
to any potential acquiror.
Ask yourself: Do you really trust this Board to protect your interests as a
shareholder?
VOTE TODAY TO PROTECT YOUR INTERESTS!
We believe BTI's Board and management have focused on preserving their own
interests to the detriment of BTI shareholders. Unless directors are elected
who are not wedded to the status quo, there remains a substantial risk that
the impediments the current Board has erected will make it impossible for
CertainTeed to purchase tendered shares. If the BTI Board continues to block
CertainTeed's offer, there is no guarantee that your shares will continue to
trade at their current level. Remember, at the time of CertainTeed's $8 offer
BTI stock traded at $5.50 and, in the 30 days before that, had traded as low
as $3.38.
Now is the time for you to act to protect the value of your investment. You
can best protect your interests by signing, dating and returning the enclosed
GREEN proxy card today.
<PAGE>
PERFORMANCE VS. PROMISES
Over the past six weeks, the BTI Board has made numerous attempts to block
or delay the June 16 shareholders' meeting. Now that those attempts have
failed, the Board is asking you to give them even more time to "create value."
BTI has had ample time to "create value" since it went public in February of
1997, but look what has happened over just the last two and a half years:
[GRAPH]
BTI S&P 500
1/28/97 0 0
12/1/97 0.007 0.02
12/2/97 -0.014 0.017
12/3/97 0 0.022
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1/12/99 -0.745 0.461
1/15/99 -0.741 0.459
1/16/99 -0.743 0.486
1/17/99 -0.763 0.477
1/18/99 -0.752 0.491
1/19/99 -0.759 0.488
1/22/99 -0.763 0.487
1/23/99 -0.763 0.47
1/24/99 -0.763 0.483
1/26/99 -0.752 0.483
1/29/99 -0.748 0.474
1/30/99 -0.755 0.454
12/1/99 -0.763 0.463
12/2/99 -0.777 0.475
12/3/99 -0.777 0.5
12/6/99 -0.772 0.49
12/7/99 -0.781 0.475
12/8/99 -0.777 0.469
12/9/99 -0.784 0.474
2/10/99 -0.791 0.483
2/13/99 -0.784 0.481
2/14/99 -0.791 0.469
2/15/99 -0.791 0.479
2/16/99 -0.784 0.485
2/17/99 -0.799 0.487
2/20/99 -0.791 0.484
2/21/99 -0.788 0.5
2/22/99 -0.799 0.503
2/23/99 -0.791 0.526
2/27/99 -0.791 0.525
2/28/99 -0.791 0.526
2/29/99 -0.791 0.532
2/30/99 -0.788 0.533
2/31/99 -0.795 0.538
1/3/00 -0.748 0.523
1/4/00 -0.698 0.465
1/5/00 -0.658 0.468
1/6/00 -0.662 0.469
1/7/00 -0.683 0.509
1/10/00 -0.712 0.526
1/11/00 -0.734 0.506
1/12/00 -0.734 0.499
1/13/00 -0.727 0.517
1/14/00 -0.719 0.534
1/18/00 -0.727 0.523
1/19/00 -0.719 0.524
1/20/00 -0.734 0.513
1/21/00 -0.716 0.509
1/24/00 -0.719 0.467
1/25/00 -0.716 0.476
1/26/00 -0.712 0.47
1/27/00 -0.701 0.464
1/28/00 -0.705 0.424
1/31/00 -0.705 0.46
2/1/00 -0.701 0.475
2/2/00 -0.705 0.475
2/3/00 -0.705 0.491
2/4/00 -0.701 0.491
2/7/00 -0.705 0.491
2/8/00 -0.701 0.509
2/9/00 -0.712 0.478
2/10/00 -0.712 0.483
2/11/00 -0.703 0.452
2/14/00 -0.705 0.455
2/15/00 -0.719 0.468
2/16/00 -0.734 0.452
2/17/00 -0.727 0.453
2/18/00 -0.727 0.409
2/22/00 -0.741 0.415
2/23/00 -0.727 0.424
2/24/00 -0.723 0.417
2/25/00 -0.719 0.396
2/28/00 -0.698 0.411
2/29/00 -0.629 0.43
3/1/00 -0.683 0.444
3/2/00 -0.68 0.446
3/3/00 -0.68 0.475
3/6/00 -0.709 0.456
3/7/00 -0.734 0.419
3/8/00 -0.741 0.431
3/9/00 -0.73 0.467
3/10/00 -0.734 0.46
3/13/00 -0.719 0.448
3/14/00 -0.73 0.423
3/15/00 -0.737 0.457
3/16/00 -0.745 0.527
3/17/00 -0.741 0.533
3/20/00 -0.734 0.525
3/21/00 -0.727 0.564
3/22/00 -0.719 0.571
3/23/00 -0.683 0.599
3/24/00 -0.694 0.599
3/27/00 -0.683 0.595
3/28/00 -0.698 0.578
3/29/00 -0.698 0.579
3/30/00 -0.705 0.557
3/31/00 -0.698 0.569
4/3/00 -0.712 0.576
4/4/00 -0.723 0.565
4/5/00 -0.712 0.557
4/6/00 -0.741 0.571
4/7/00 -0.701 0.587
4/10/00 -0.683 0.575
4/11/00 -0.68 0.571
4/12/00 -0.669 0.536
4/13/00 -0.691 0.508
4/14/00 -0.683 0.42
4/17/00 -0.565 0.467
4/18/00 -0.511 0.509
4/19/00 -0.518 0.494
4/20/00 -0.522 0.502
4/24/00 -0.522 0.497
4/25/00 -0.52 0.546
4/26/00 -0.516 0.529
4/27/00 -0.5 0.533
4/28/00 -0.471 0.52
5/1/00 -0.482 0.537
5/2/00 -0.496 0.514
5/3/00 -0.489 0.481
5/4/00 -0.496 0.475
5/5/00 -0.489 0.5
5/8/00 -0.493 0.491
5/9/00 -0.495 0.478
5/10/00 -0.493 0.448
5/11/00 -0.493 0.474
5/12/00 -0.496 0.487
5/15/00 -0.496 0.52
5/16/00 -0.489 0.534
5/17/00 -0.495 0.515
5/18/00 -0.489 0.504
5/19/00 -0.486 0.473
5/22/00 -0.493 0.466
5/23/00 -0.493 0.438
5/24/00 -0.493 0.464
5/25/00 -0.496 0.446
You should also consider that in the 38 1/2 months between the date of BTI's
initial public offering and April 14, 2000, $100 invested in the S&P 500 grew
to $174.30, while that same investment in BTI stock shrank to $55.00. For
those of you who purchased BTI stock in 1998, the performance was even more
dismal.
CAN YOU AFFORD TO GIVE BTI'S BOARD MORE TIME?
Recently BTI disclosed that its earnings per share for the quarter ended
March 31, 2000 were significantly lower than last year and substantially below
street estimates.
Despite BTI's lackluster performance, the current Board has presented no
credible alternative to CertainTeed's all-cash offer. Even in its last letter
to you, the BTI Board was still discussing acquisitions of other companies or
strategic alliances as alternatives. Ask yourself: What would happen to BTI's
stock price if the Board's attempts to block a sale were to succeed? What
assurance can BTI's Board give you that the stock price would not return to
$3.38?
PROTECT YOUR INVESTMENT--VOTE TODAY!
As BTI's largest shareholder, our objective is aligned with that of all other
non-management shareholders in the company-maximizing the value of BTI. Our
nominees for the BTI Board are committed to delivering the maximum value for
your shares. Remember, you cannot accept an offer from CertainTeed-or from
anyone else, for that matter-until the "poison pill" and the other impediments
put in place by the current Board are removed.
We believe that removal of the current directors is the only way to clear
away the obstacles that now block a sale of the company.
<PAGE>
TO PRESERVE YOUR OPPORTUNITY TO ACCEPT THE CERTAINTEED OFFER, OR ANY OTHER
OFFER, IT IS EXTREMELY IMPORTANT TO VOTE THE GREEN PROXY CARD TODAY.
If you have any questions, or need assistance in voting your shares, please
call our proxy solicitor, Innisfree M&A Incorporated, toll-free at 1-888-750-
5834.
Thank you for your support.
VETROTEX CERTAINTEED CORPORATION
If you have any questions or need assistance voting your shares,
please call the firm assisting us in this solicitation:
INNISFREE M&A INCORPORATED
TOLL-FREE AT 1-888-750-5834
(BANKS AND BROKERS CALL COLLECT AT 212-750-5833.)
