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December 20, 1999, Leicester, NY….CPAC, Inc. announced today that it has
completed the reorganization of its Cleaning Technologies Group (CTG) with the
appointment of Glenn G. Jackling to President. Mr. Jackling will report directly to
CPAC, Inc. Senior Vice President and Chief Operating Officer, Robert C. Isaacs.
Thomas N. Hendrickson, Chief Executive Officer of CPAC, Inc. said, "CTG's
reorganization is the final component of the profit enhancement plan announced in August,
1999. Other actions included restructuring CTG's methods of distribution and streamlining
its sales force. These actions are part of a program that will result in $2.5 million
annual cost reductions in the Fuller Brands segment of CPAC. The reorganization of CTG as
a CPAC division will allow it to leverage CPAC's resources to accelerate sales and profit
growth. Mr. Jackling will assume responsibility for all CTG operations and
performance."
Commenting on Mr. Jackling's appointment, Mr. Isaacs said, "Since joining CPAC,
Inc. in 1998, Glenn has served in a corporate capacity, assisting senior management and
the Board of Directors with the assessment of strategic and financial growth initiatives.
He brings broad business background to CTG including thirteen years experience at Eastman
Kodak Co. in management, manufacturing, and worldwide strategic planning positions."
Mr. Jackling holds an MBA from the University of Rochester’s Simon School of
Business, a Master of Science in Applied and Mathematical Statistics from Rochester
Institute of Technology (RIT), and a Bachelor of Science in Mechanical Engineering from
RIT. He is located at CPAC’s corporate office in Leicester, NY.
CTG manufactures and markets commercial cleaning products under the Franklin Cleaning
Technology, Fuller Brush Commercial, and Masury-ColumbiaTM brands. It was
formed in 1997 as a combination of Fuller Brush’s commercial cleaning division and
the former IVAX Industries janitorial chemicals business after CPAC, Inc. acquired certain
assets of IVAX Industries. CTG's annual sales are approximately $30 million, or 26% of
total CPAC worldwide revenue.
CPAC, Inc. is a specialty chemical manufacturer operating in two business segments:
Cleaning and Personal Care (Fuller Brands) and Imaging. Its Fuller Brands segment is
comprised of The Fuller Brush Company, Stanley Home Products, and Cleaning Technologies
Group. The Imaging segment serves the worldwide Imaging market and is comprised of Trebla
Chemical Company, Allied Diagnostic Imaging Resources, Inc., CPAC Equipment Division, and
four international chemical manufacturing operations. CPAC, Inc. shares are traded over
the Nasdaq National Market System under the ticker symbol, ‘CPAK’.
Except for the historical matters contained herein, statements in this press release
are forward looking and are made pursuant to the safe harbor provisions of the Securities
Litigation Reform Act of 1995. Investors are cautioned that forward looking statements
involve risks and uncertainties which may affect CPAC’s business and prospects,
including economic, competitive, governmental, technological and other factors discussed
in CPAC’s filings with the Securities and Exchange Commission.
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