I am pleased to announce the sale of Converting Technology, Inc and Converting Technology Engraving, Inc to DFC Manufacturing Group, LLC an affiliate of Confluent Holdings, LLC.

I never fully appreciated that selling a business would be almost as difficult as starting a business. My goal was simple enough, first find a broker we felt would give us the best exposure and secondly find a buyer that was committed to continuing the legacy of our business.

DFC Manufacturing Group, LLC owns several die companies and specialty converters so they fully understand our business and share our vision.

I can’t believe it’s been nearly 30 years since we ordered our equipment and began manufacturing. Our name reflects our mission statement Converting Technology, Inc. will supply the Converting Industry using the most advanced technology available. We will employ seasoned professionals and give our customers the widest range of tooling available.

I am proud of the fact that our first customers have been with us almost 30 years. Not only have they been instrumental in our success but also witnessed our growth throughout the years. We now manufacture almost all products, used in our tooling, in-house. For a complete description of our products and services please visit our website.

I’m grateful to have met business owners, managers, press operators, suppliers and everyone who has taken time to mentor me and help make our company a leading supplier of tooling. I would be remiss if I also did not thank my great colleagues at CTI/CTE for their dedication, support and guidance. Our average tenure is 12.5 years and many of us have worked together in some capacity for over 40 years!

I will remain with the company for the foreseeable future and assist in the transition. I am delighted to announce that going forward Tom Driscoll will lead CTI/CTE as the General Manager. Tom has been a close partner and was instrumental in leading the growth of CTI for many years. I am confident that he and the DFC Manufacturing Group will continue the standard of excellence that we have achieved at CTI/CTE in serving our customers.

I can’t imagine any other career that would have had so many highs and some lows yet still be extremely rewarding and for that I am thankful.

Sincerely,

John Norgard, President