Tufco Technologies (TFCO) Announces Plans to Acquire Additional Converting Equipment to Meet Growing Demand
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Tufco Technologies, Inc. (Nasdaq: TFCO) 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 Technologies, Inc. (Tufco) provides integrated manufacturing services, including wet and dry-wipe converting, wide Web flexographic printing, hot melt adhesive laminating, folding, integrated downstream packaging, and quality and microbiological process management. [SM]
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