We are pleased to inform you that Paper Machinery Corporation (PMC) has acquired Sherwood Tool located in Kensington, Connecticut. Assets have been moved from the Sherwood Tool, Kensington, Connecticut facility, to Paper Machinery Corporation, Milwaukee, Wisconsin.

The marketplace will be served well by integrating Sherwood Tool into Paper Machinery Corporation. It can expect product quality and reliability of service for a broader range of machines and parts. Paper Machinery Corporation’s expectation is that its expansive range of contemporary machining centers plus PMC’s unique commitment to quality and timely service will provide users of existing Sherwood Tool machines with the support necessary to have sustainable and efficient production.

Paper Machinery Corporation is ready to respond to inquiries for service parts for the Sherwood Tool product line. Additionally, the Sherwood High Speed Die Cutting Machine (HS-600) will immediately become part of Paper Machinery Corporation’s standard product line. Paper Machinery Corporation will be ready for demonstrating and delivering the High Speed Die Cutting Machine in early 2005.