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FINGERHUT HONORS VENDORS FOR ENVIRONMENTAL EFFORTS

 FINGERHUT HONORS VENDORS FOR ENVIRONMENTAL EFFORTS


Catalog Marketer Presents First Annual Environmental Achievement Awards
 at "Partners in Profit" Forum
 MINNEAPOLIS, March 24 /PRNewswire/ -- Fingerhut Companies, Inc.,


(NYSE: FHT) recently honored two of its product suppliers for their environmental efforts in the areas of recycling and product packaging. Recipients of the first annual Fingerhut Environmental Achievement Awards were Benrus Watch Co., Inc., and Concepts Plus, a division of TCB, Inc. Representatives from the company were presented with the awards at Fingerhut's Partners in Profit forum, an annual seminar designed to strengthen communications between Fingerhut and its vendors.
 "Our environmental commitment goes beyond our internal operations," said Betty Bothereau, vice president of consumer and environmental affairs at Fingerhut, who presented the awards at the forum. "We want to encourage vendors with whom we do business to share our environmental focus and work with us to reduce, reuse and recycle materials which affect our business and our customers."
 In a recent Fingerhut survey, customers shared their environmental ideas with the company and specified areas of concern such as the recyclability of product packaging materials. In response, Fingerhut, which has been actively recycling since 1968, converted its packaging materials from polystyrene peanuts to shredded paper, a by-product of the company's operations. Fingerhut has encouraged its vendors to make the switch or to use recycled materials for packing.
 "Most of our suppliers are receptive to our suggestions and try to incorporate them in their overall packaging plans," said Bothereau. "The Environmental Achievement Awards are one way of recognizing those vendors who demonstrate active recycling and resource conservation."
 More than 400 vendors were invited to submit entries for the awards, which specifically requested information on recycling goals, education, program development and implementation, and promotion. Entries were judged by Fingerhut's internal Environmental Task Force and winners were selected based on program innovation, employee involvement and cost- effective results. Awards were presented in two categories: Recycling Impact and Performance in Packaging.
 Benrus Watch Co., Inc. of Chicago was honored for its recycling efforts and received the Environmental Achievement Award in the Recycling Impact category. In 1991, Benrus developed and implemented a comprehensive company-wide recycling program and now recycles more than 95 percent of the corrugated cardboard, paper, aluminum, plastic, glass and stainless steel it generates. Brass and silver by-products from the watches manufactured at the company are also recycled.
 Joe Wein, vice president of Benrus, said: "Environmental responsibility represents a core value of both Benrus and Fingerhut Companies. Benrus employees are committed to recycling because we recognize that our future is intimately connected to our environment. Benrus applauds the leadership that Fingerhut has shown in bringing environmental issues into the mainstream of business."
 Concepts Plus, a division of TCB, Inc. of Minneapolis, won the Environmental Achievement Award in the Performance in Packaging category. According to David Timberlake, president of TCB, Inc.: "Our entire company has joined forces to be an environmentally friendly neighbor. We're proud of our environmental awareness programs that are currently in place, and we are continually seeking out new and better ways to recycle and to have a positive impact on the community." In 1991, the company significantly reduced the use of polystyrene peanuts by shredding internal data processing reports and using the paper as an alternative packing material. Concepts Plus also ships its products in corrugated cardboard made from 25 percent recycled fiber.
 "The competition sparked new questions from our vendors and reinforced Fingerhut's commitment to work with them to achieve our environmental goals," said Bothereau.
 Fingerhut Companies, Inc. sells brand name and private label merchandise primarily through direct mail to an active base of more than 13 million customers. The company employs approximately 8,000 people in Minnesota and Wisconsin. Fingerhut Companies, Inc. common stock trades on the New York Stock Exchange under the symbol FHT.
 -0- 3/24/92
 /CONTACT: Betty Bothereau of Fingerhut, 612-936-5586, or Beth LaBreche of Rivard & LaBreche, 612-338-0901, for Fingerhut/
 (FHT) CO: Fingerhut Companies ST: Minnesota IN: REA SU:


SM -- NYEFNS25 -- 0862 03/24/92 07:15 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 24, 1992
Words:670
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