Outlook Group Signs Contract with Premium Standard Farms
Press release from the issuing company
NEENAH, Wis.--May 12, 2003-- Outlook Group Corp. today announced it has signed a three-year contract to provide packaging services to Premium Standard Farms, Inc. (PSF) of Kansas City, Missouri. At expected volumes, the contract is valued at approximately $3 million per year.
Outlook Group will serve as the primary supplier of packaging components for PSF, the nation's second largest pork producer. Services to be provided by Outlook Group include printing and production of pressure sensitive labels, flexible packaging and paperboard packaging for Premium Standard Farms products. Outlook Group will provide complete turnkey production and printing services and then deliver the finished products directly to PSF's two manufacturing plants located in Milan, Missouri, and Clinton, North Carolina.
"Outlook Group provides the most efficient and convenient solution for our packaging needs," said Travis Eloe, director of purchasing for PSF. "At PSF, we pride ourselves on delivering a consistent product of the highest quality to our customers. Outlook Group's ability to manage all aspects of the packaging process will enable us to increase efficiency and maintain quality and consistency across our product line."
"This new contract is another excellent opportunity that should add stability to our business," said Joseph J. Baksha, president and chief operating officer of Outlook Group. "This is the third major contract we have completed in the past two months. On March 11, we signed a two-year contract with Service Graphics, Inc. of Oakbrook Terrace, Illinois, valued at approximately $750,000 per year. On March 26, we announced a five-year contract with International Masters Publishers of New York City, with a total value of about $15 million per year. Our success with this new business indicates that our customers believe we are well positioned to meet the needs of consumer companies who are seeking a single source solution for their supply chain management requirements."
Outlook Group is a printing, packaging and direct marketing company offering a variety of related services to clients in markets including contract packaging, collateral information management and distribution, direct marketing components and services, packaging components and materials and specialty print related services. The company leverages its core competencies by cross-selling services to provide a single source solution for its clients.
Premium Standard Farms, Inc., a wholly-owned subsidiary of PSF Group Holdings, Inc., is a leading vertically integrated provider of pork products to the wholesale and retail, food service, and institutional markets in the United States. The company markets fresh pork to discriminating retailers, further processors, and export customers in more than 20 countries. Premium Standard Farms, Inc. is the nation's second largest pork producer and seventh largest pork processor, with approximately 4,000 employees working at farms and processing facilities in Missouri, North Carolina and Texas.
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