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Gammerler to Build State-of-the-art Manufacturing Plant

Press release from the issuing company

Hanover Park, IL, May 3, 2005 – Gammerler, the leading manufacturer of high quality inline finishing equipment and systems, announced today plans to build a 80,000 square foot, state-of-the-art manufacturing plant in Palmetto, Florida. Scheduled to open in April of 2006, the new facility will house the latest in automation equipment, provide roughly 35% of annual global production capacity, and significantly improve Gämmerler’s operational efficiency. “The decision to build the new plant was based on an increase in demand for Gämmerler’s products in North America and a desire for a more flexible and efficient, international manufacturing platform,” said Gämmerler CEO, Gunter Gämmerler. “The Palmetto plant will complement our existing production facilities, improving our international manufacturing portfolio while allowing us to more efficiently meet the needs of the North American market.” The new facility will include 70,000 square feet of production space, 10,000 square feet of office space, and will also serve as the company’s North American Headquarters which are currently located in, Hanover Park, Illinois. Palmetto, Florida was chosen as the site for several reasons including a generous tax refund incentive award provided by the State of Florida and Manatee County (assistance for which was provided by the Economic Development Council, Manatee Chamber of Commerce). To ensure customer deliveries during the transition between the Hanover Park and Palmetto plants, both facilities will run concurrently for up to three months after the Palmetto plant begins operations. The Hanover Park office is scheduled to close by June of 2006.