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News (Media Awareness Project) - US: Wire: Consolidated Growers Processors, Inc. Acquires Zollig
Title:US: Wire: Consolidated Growers Processors, Inc. Acquires Zollig
Published On:1998-07-19
Source:PRNewswire
Fetched On:2008-09-07 05:34:39
CONSOLIDATED GROWERS PROCESSORS, INC. ACQUIRES ZOLLIG

MONTEREY, Ca., - Consolidated Growers & Processors, Incorporated (OTC
BULLETIN BOARD: CGPR) has acquired 100% interest in Werner Zollig AG.,
Glulam Lumber Mfg. Corp. (ZOLLIG), a Swiss manufacturer of laminated beams
for construction, via stock options and cash. Zollig manufactures high-end
beams for industrial and residential construction. CGPR, the first
multi-national industrial hemp company, will implement the use of hemp
fiber into glulam beam production allowing greater strength and flexibility
of the product.

Zollig also manufactures fine furniture that will be treated with hemp
fiber for reinforcement. Zollig is a 100 year old Swiss company with
revenues of approximately $10 million per annum.

/CONTACT: Martin Moravcik of CGP, 888-333-8247, or fax, 888-999-8247/

(CGPR) CO: Consolidated Growers & Processors, Incorporated; Werner Zollig
AG, Glulam

Lumber Mfg. Corp. ST: California; Switzerland IN: CST SU: TNM

Checked-by: (Joel W. Johnson)
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