 | CHEMFAB CORPORATION EXPANDS SHARE REPURCHASE PROGRAM |
| | CHEMFAB CORPORATION EXPANDS SHARE REPURCHASE PROGRAM |
MERRIMACK, NEW HAMPSHIRE, August 14, 1997 -- Chemfab Corporation
(NYSE:CFA) today announced that its Board of Directors has authorized the expansion of its
share repurchase program. Commencing with the current fiscal year which ends June 30,
1998, management is now authorized to repurchase, at its discretion, up to 600,000 shares of
the Company’s common stock during any one fiscal year. This is up from the previously
authorized annual repurchase maximum of 400,000 shares.Chemfab Corporation is a world leader in polymer-based engineered products and materials systems for use in severe service environments. Chemfab’s principal core competence is in the design, manufacture and fabrication of flexible fiber-reinforced fluoropolymer composite materials which comprise, in whole or in part, the majority of its products. The Company also produces and sells specialty fluoropolymer films and silicone- based products. Worldwide end-use applications are in electrical, environmental, food processing, architectural, aerospace, communications, protective clothing and other industrial markets.
| FOR MORE INFORMATION CONTACT: | |
|---|---|
| Moosa E. Moosa | |
| Vice President - Finance and Chief Financial Officer | |
| CHEMFAB CORPORATION | |
| 701 Daniel Webster Highway | |
| P.O. Box 1137 | |
| Merrimack, New Hampshire 03054 | |
| Phone: 603-424-9000 ext. 2302 | |
| Fax: 603-424-9028 | |
| Toll-free: 1-800-451-6101 |