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LEICESTER, New York, June 21, 2001 –
CPAC, Inc. (Nasdaq NNM: CPAK) today announced that, due to personal reasons, Mr.
Robert C. Isaacs will retire as Chief Operating Officer effective June 29, 2001.
He will not seek reelection to the Company’s Board of Directors.
Mr. Isaacs joined the Company in 1986 as
President of CPAC's Trebla Chemical Company subsidiary in St. Louis, MO. In his
fifteen-year career with CPAC, he has been involved with every major acquisition
and strategic alliance, including the creation of CPAC's first international
subsidiary, CPAC Europe in Herentals, Belgium. Mr. Isaacs is also credited with
the fiscal turnarounds of both Trebla Chemical and The Fuller Brush Company of
Great Bend, KS, which CPAC acquired in 1994.
Thomas N. Hendrickson, President and Chief
Executive Officer, CPAC, Inc. said, "Mr. Isaacs' professional involvement
and dedication to CPAC helped us to grow from three domestic divisions with $4
million in sales in 1986 to seven domestic and four international divisions with
more than $104 million in sales in 2001. His contributions helped create the
culture of our organization. We will miss working with him on a daily
basis."
CPAC, Inc. is an international manufacturer and
marketer of industrial and household cleaning products and related accessories,
and personal care products for the cleaning and personal care industry, as well
as prepackaged chemical formulations, supplies, and equipment systems for the
imaging industry. The Company operates in two business segments: Cleaning and
Personal Care (Fuller Brands) and Imaging. The Fuller Brands segment includes
The Fuller Brush Company, Stanley Home Products, and Cleaning Technologies
Group. CPAC's Imaging segment serves the global Imaging market and includes
three domestic and four international chemical manufacturing operations. CPAC,
Inc. shares trade on the Nasdaq National Market System under the ticker symbol
"CPAK''. More information is available on the Company's web site (http://www.cpac-fuller.com).
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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