Ampac and Printmasters Engage Advisors to Sell Operations.Business Editors ATLANTA, Ga.--(BUSINESS WIRE)--Aug. 7, 2001 Allen Barnes, president of Ampac Acquisition Corp. and Printmasters Acquisition Corp., announced details today of plans to sell the operations of the two companies. Ampac and Printmasters, both of which operate flexible packaging plants in Albertville, Alabama Albertville is a city in Marshall County, Alabama, and is included in the Huntsville-Decatur Combined Statistical Area. This city also has a large population of Hispanics. As of the 2000 census, the population of the city is 17,247. According to the 2005 U.S. , filed for Chapter 11 bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most protection on April 12, 2001. "We believe that Ampac and Printmasters have valuable franchises in both their marked niches and their wide range of manufacturing processes. We are confident that the companies will do well under new ownership," said Barnes. "To assist with the sale process, the companies have engaged two investment banking groups, Providence Providence, city (1990 pop. 160,728), state capital and seat of Providence co., NE R.I., a port at the head of Providence Bay; founded by Roger Williams 1636, inc. as a city 1832. Advisors and Brookwood Associates." Ampac, which manufactures printed and unprinted wicketed bags for the poultry poultry, domesticated fowl kept primarily for meat and eggs; including birds of the order Galliformes, e.g., the chicken, turkey, guinea fowl, pheasant, quail, and peacock; and natatorial (swimming) birds, e.g., the duck and goose. , produce and consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and industries, reported sales of $13.3 million for the year ended March 31, 2001. Printmasters, with fiscal year revenue of $15.5 million, produces six and eight color line-printed and process-printed flat-back and wicketed bags and pouches for the lawn and garden, food and other consumer goods industries. Companies or parties interested in learning more about the acquisition opportunity should contact Brookwood Associates in Atlanta at 404/874-7433 or Providence Advisors in Charlotte at 704/344-9082. |
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