|By PR Newswire||
|March 10, 2014 03:45 PM EDT||
LOS ANGELES, March 10, 2014 /PRNewswire/ -- Griffin Holdings, LLC ("Griffin"), a privately held investment firm, has announced the completion of the acquisition of Tufco Technologies Inc. ("Tufco") (NASDAQ:TFCO) in a go-private transaction. Effective immediately, Tufco shares will be delisted and will cease to trade on the NASDAQ Capital Markets.
Tufco, based in Green Bay, Wisconsin, is EPA and FDA registered, and ISO 9001:2008 Certified, operating the largest contract manufacturing company of branded wet and dry wipes in the Unites States. In order to meet the needs of its wipes customers, Tufco also offers custom formulation development and blending as well as microbiological services. Tufco is also a provider of business-to-business wide web flexographic printing, and hot melt adhesive laminating.
Tufco's Business Imaging division, HAMCO Manufacturing ("HAMCO"), was also purchased in this transaction. HAMCO, based in Newton, North Carolina is a business-to-business category leader of custom printed POS and ATM rolls and business forms.
"Tufco Technologies is well regarded and respected in the markets it serves and we are delighted to add them to our investment portfolio. Tufco's presence in four different industries allows us to cast a wider net when looking for strategic acquisitions, add-ons and tuck-ins for this platform company", said a company spokesperson. "We welcome the loyal and hardworking employees of Tufco and HAMCO to the Griffin Holdings family".
ABOUT GRIFFIN HOLDINGS, LLC
Founded in 2008, Griffin Holdings, LLC is a Los Angeles, California based, privately held investment firm that specializes in leveraged buyouts, management buyouts, growth equity and recapitalizations. The company seeks to augment its portfolio company businesses by providing its operational and financial expertise. For more information please visit us at www.griffinhld.com
ABOUT TUFCO TECHNOLOGIES INC.
Tufco Technologies Inc., founded in 1992, provides integrated manufacturing services including wet wipe converting, wide web flexographic printing, hot melt adhesive laminating, folding, integrated downstream packaging, quality and microbiological process management, and manufactures and distributes business imaging paper products. The Company has become a leading provider of contract manufacturing and specialty printing services, and supplier of value-added custom paper products. The Company's principal executive offices are located at 3161 South Ridge Road, Green Bay, WI 54304/PO Box 23500, Green Bay, WI 54305-3500, and its telephone number is (920) 336-0054. For additional information about the Company, please visit www.tufco.com
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SOURCE Griffin Holdings, LLC