LOUISVILLE, Ky.--(BUSINESS WIRE)--
Turning Point Brands, Inc. (NYSE: TPB), has announced it will deliver
bonuses to 107 employees thanks to President Donald J. Trump’s signing
of the Tax Cuts and Jobs Act.
“We are giving $1,000 bonuses as a direct result of tax reform becoming
law. These employees would not normally get a bonus like this. Our
dedicated employees are responsible for our success, and we are very
pleased to announce this bonus for them during the holiday season. We
are extremely happy with tax reform and wanted our valued employees to
feel the benefits,” Chief Executive Officer Larry Wexler said. “We can
attest that this tax package is directly benefiting working people, just
as our national leaders promised when they started this effort.”
“We especially want to thank President Trump, Senate Majority Leader
Mitch McConnell, and House Speaker Paul Ryan for pushing to get tax
reform done this year, which allowed our people to immediately feel the
impact. Every leader who pushed for and voted for tax reform made these
bonuses possible,” Wexler said. “Senator McConnell has personally toured
our facility in Louisville and we appreciate his interest in our
employees and our business as well as his interest in all Kentucky
businesses.”
About Turning Point Brands, Inc.
Louisville, Kentucky-based Turning Point Brands, Inc. (NYSE: TPB) is a
leading U.S. provider of Other Tobacco Products. TPB, through its three
focus brands, Stoker’s® in Smokeless Products, Zig-Zag® in Smoking
Products and the VaporBeast® distribution engine in NewGen Products,
generates solid cash flow which it uses to finance acquisitions,
increase brand support and strengthen its capital structure. TPB does
not sell cigarettes. More information about TPB is available from its
website, http://www.turningpointbrands.com.
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Investment Community:
Turning Point Brands, Inc.
Mark A.
Stegeman, 502-774-9238
SVP, Chief Financial Officer
ir@tpbi.com
or
Media:
Mozaic
Investor Relations, Inc.
Terry McWilliams, 502-774-9238
President
ir@tpbi.com
Source: Turning Point Brands, Inc.