FOR IMMEDIATE RELEASE

 

 

 

POISED FOR DOUBLING ITS SIZE — HAMPEL ANNOUNCES THE APPOINTMENT OF PAUL LORGE AS PRESIDENT

GERMANTOWN (May 11, 2005) - Owner Lance T. Hampel today named Paul Lorge as President of LT Hampel Corp.  Hampel retains the title of Chairman and CEO.  Lance Hampel will remain active on a day-to-day basis, focusing his attention on new product development, manufacturing processes, marketing and sales.

  Lorge is looking forward to applying his business and strategic planning skills to enhance Hampel's position as an innovative leader. "Hampel is well positioned to increase its market presence in each market that we serve.  As the innovative leader, we will enhance our commitment to providing value added products and solutions to our customers.  We will ensure that our day-to-day resource allocation is properly aligned with this commitment and that our business strategies remain properly focused on our customers and their needs," said Lorge. 

Lorge joined Hampel in August of 2004 as the Chief Financial Officer. Prior to joining Hampel, he spent eight years in public accounting working closely with manufacturing and financial services companies of all sizes.  Lorge gained exposure to the plastics industry when he completed several sizeable acquisitions of companies with rotational molding capabilities for a large, publicly traded recreational products company serving the watercraft market. Lorge also served as Chief Financial Officer of a mid-size lighting company. Lorge is a CPA and a member of the Wisconsin and American Institute of Certified Public Accountants.  He is also a member of Financial Executive International.

"Hampel is well into its second year of double-digit growth and commensurate profitability, with each of our four divisions performing well. Paul has made a great contribution to that effort," Lance Hampel said. "Paul assumes responsibility for the development and execution of the strategic plan. He will also continue as Chief Financial Officer."

Hampel is a 30-year-old, diversified plastic thermoforming company supplying products into four different marketplaces – two of them proprietary: Calf-Tel brand dairy calf hutches, and the Global and Country Classic brand Portable Restrooms. Two  other divisions perform contract manufacturing: Engineered-Plastic Reusable Packaging and Custom Molded Parts for OEM manufacturers. Hampel's largest notable customers of the Custom Division are John Deere and Harley Davidson.  Hampel is listed in Plastics News, the industry's leading publication, as the 14^th largest North American industrial thermoformer out of a universe of 300. Hampel has developed industry-leading expertise in many areas, most notably in twin-sheet, deep-draw, and large-size thermoforming. Hampel has nine thermoforming cells in a 100,000-square-foot plant and can produce parts with dimensions up to 7' X 11'.

For more information please call Hampel at (262) 255-4540 or visit Hampel online at www.hampelcorp.com. 

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