1408287--11/8/2010--Zep_Inc.

related topics
{customer, product, revenue}
{tax, income, asset}
{cost, regulation, environmental}
{acquisition, growth, future}
{stock, price, share}
{cost, operation, labor}
{provision, law, control}
{condition, economic, financial}
{property, intellectual, protect}
{competitive, industry, competition}
Risks Related to our Business Global economic conditions could continue to affect adversely our business and financial results. Our results can be adversely affected by fluctuations in the cost or availability of materials used in our manufacturing processes. We face significant competition and may face more significant competition in the future. We may be unable to sustain our significant customer relationships. If we are unable to implement our growth strategy, the price of our common stock may be adversely affected. We are subject to a broad range of environmental, health, and safety laws and regulations in the jurisdictions in which we operate, and we may be exposed to substantial environmental, health, and safety costs and liabilities. We may not properly execute, or realize anticipated benefits from, our ongoing strategic or other initiatives. Our business could suffer in the event of a work stoppage or increased organized labor activity. If we are unable to keep and protect our intellectual property rights, our ability to compete may be negatively impacted. If our products are improperly manufactured, packaged, or labeled or become adulterated, we may need to recall those items and may experience product liability claims if consumers are injured. We have recorded a significant amount of goodwill and other identifiable intangible assets. We may be required to record non-cash charges for impairment of our goodwill and other identifiable intangible assets, if we do not achieve the anticipated benefits from the transactions that gave rise to the goodwill and other intangible assets. Reliance on a third-party contract manufacturer may result in disruption to part of our business. Failure of the spin-off to qualify as a tax-free transaction could result in substantial liability. Risks Related to our Common Stock The market price for our common stock may be volatile, and you may not be able to sell our stock at a favorable price. Certain provisions of our certificate of incorporation, bylaws and rights plan may discourage takeovers.

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