Minneapolis, Minn. - June 2007  —  Liberty Diversified Industries (LDI), announces the acquisition of Milltronics Manufacturing Company, a Waconia, Minnesota-based manufacturer of machine tools. Milltronics employs 120 people, all of whom will become employees of LDI.

Liberty Diversified Industries is a privately held portfolio company with holdings involved in the design, manufacture and marketing of products and creative solutions for the packaging, office and industrial and building industry business sectors, as well as an advanced technology recycled paper mill.

“We were very impressed with the quality of Milltronics people, their products, their distributors and their customers,” said Mike Fiterman, LDI’s president and CEO. “The values and standards of Milltronics and LDI are in complete alignment. As we expand into new markets, the move into high quality machine tooling, combining technology and precision manufacturing, made great sense. We intend to provide Milltronics with the financial and marketing resources they need to grow.”

According to Tim Rashleger, CEO of Milltronics, “We chose LDI because they were the best fit to help Milltronics grow to the next level. We share the same set of values about people, and LDI has the financial and human resources to make us even more competitive around the world.”

“We are delighted that Tim will stay on with Milltronics, as chief product officer” said Fiterman. “His reputation and knowledge of the industry are highly regarded.”

Based in Minneapolis, Minn., the Liberty Diversified Industries (www.libertydiversified.com) portfolio of companies includes Liberty Carton Company, Liberty Paper, Inc., Diversi-Plast Products, LDI Composites, Safco Products and Valley Craft. LDI provides strategic, capital and human resources to its family of companies to compete and grow in their respective markets.

www.milltronics.net