ARC Group Worldwide, Inc. Announces Colorado Expansion
LONGMONT, Colo., Dec. 4, 2013
LONGMONT, Colo., Dec. 4, 2013 /PRNewswire/ --ARC Group Worldwide, Inc.
(NASDAQ: ARCW; the "Company" or "ARC") announced today that Advanced Forming
Technology, Inc. ("AFT"), a division of the Company's Precision Components
Group, has begun expanding its operational capabilities at its Colorado
Commenting on the expansion, Mr. Jedidiah Rust, Director of Operations for AFT
Colorado, said, "AFT continues to experience growth within our major market
segments, demonstrating the quality of our products and services, and
necessitating the need for additional capacity." AFT currently services five
growth industries, including Automotive, Medical, Aerospace, Firearms, and
Consumer. Mr. Rust further commented, "In order to continue to meet our
customer's high demand, AFT has taken the initiative to increase output
through infrastructure investment and lean manufacturing initiatives."
Expansion completed to date represents the first of several phases, with the
planned expansion expected to be complete by December 2014.
Thomas K. Houck, Vice President of U.S. Metal Injection Molding Operations,
stated, "This capital expansion and infrastructure upgrade will enable us to
meet current demand and grow our business for the future. Our continued focus
on operational excellence will provide the Company with the strengthened
ability to expand volumes, provide additional value added processes to our
customers and increase our 3D printing capabilities/services. These
initiatives, combined with our expected growth, should position the Company
for continued success with a diverse, captivated customer base, innovative
technology solutions, and increased shareholder value."
About ARC Group Worldwide, Inc.
ARC Group Worldwide is a diversified, global manufacturing company, as well as
the unequivocal world leader in Metal Injection Molding ("MIM"). ARC was
founded in 1987 and has a long history as a technology innovator in
manufacturing. ARC has significant expertise in lean manufacturing and
utilizes cutting edge technology including robotics, automation, and 3D
printing. ARC's mission is to bring innovation and technology to
manufacturing. ARC's core manufacturing businesses are in precision
components, flanges, fittings, and wireless technology, through its operating
subsidiaries, www.FloMet.com, www.AFTmim.com, www.Injectamax.com,
www.TeknaSeal.com, www.GeneralFlange.com and www.ArcWireless.net. For more
information about ARC Group Worldwide, please visit www.ArcGroupWorldwide.com.
This press release may contain "forward-looking" statements as defined in the
Private Securities Litigation Reform Act of 1995, which are based on ARC's
current expectations, estimates and projections about future events. These
include, but are not limited to, statements, if any, regarding business plans,
pro-forma statements and financial projections, ARC's ability to expand its
services and realize growth. These statements are not historical facts or
guarantees of future performance, events or results. Such statements involve
potential risks and uncertainties, and the general effects of financial,
economic, and regulatory conditions affecting our industries. Accordingly,
actual results may differ materially. ARC does not have any obligation to
publicly update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise. For additional factors that
may affect future results, please see filings made by ARC with the Securities
and Exchange Commission ("SEC"), including its Form 10-K for the fiscal year
ending June 30, 2013.
CONTACT: Drew Kelley
PHONE: (386) 736-4890
SOURCE ARC Group Worldwide, Inc.
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