GREEN BAY, Wis., May 29, 2008 (PRIME NEWSWIRE) -- Tufco Technologies, Inc. (Nasdaq:TFCO), the largest outsourcing manufacturer of branded wet and dry wipes and flexographic printing, today announced plans to acquire additional converting equipment to support its growth in the expanding disposable, nonwovens wipes market. The Company has agreed to purchase what it believes is the widest and most efficient canister line in North America. This line allows for a wide range of roll diameters and will be complemented with automated downstream filling and packaging.
Commenting on this latest equipment expansion, Michele Cherney, Tufco's Sr. Vice President of Sales and Marketing said, "We need this equipment to support our growth with both new and existing customers. The addition of canisters to our technology portfolio will support new business forecasted to begin in the third quarter 2009. Although this asset will be purchased to support specific anticipated new contract wipes business, we will also have some additional capacity to support further growth."
Tufco, headquartered in Green Bay, Wisconsin, has manufacturing operations in Wisconsin and North Carolina.
Information about the results reported herein, or copies of the Company's Quarterly Reports, may be obtained by calling the contact person listed below.
This press release contains forward-looking statements regarding current expectations, risks and uncertainties for future periods. The actual results could differ materially from those discussed herein due to a variety of factors such as changes in customer demand for its products, cancellation of production agreements by significant customers including two Contract Manufacturing customers it depends upon for a significant portion of its business, material increases in the cost of base paper stock, competition in the Company's product areas, an inability of management to successfully reduce operating expenses including labor and waste costs in relation to net sales without damaging the long-term direction of the Company, the Company's ability to increase sales and earnings as a result of new projects, the Company's ability to successfully install new equipment on a timely basis, the Company's ability to produce new products, the Company's ability to continue to improve profitability, the Company's ability to successfully attract new customers through our sales initiatives to fill its newly created capacity, the effects of the economy in general and the Company's ability to improve the run rates for its products. The Company assumes no responsibility to update the forward-looking statements contained in this press release.