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                                                                    Exhibit 99.1

NEWS RELEASE

                                          Contact:  NARENDRA "PAT" PATHIPATI
                                                    Executive Vice President and
                                                      CHIEF FINANCIAL OFFICER
                                                    ACT Manufacturing, Inc.
                                                    978-567-4000


                            ACT MANUFACTURING, INC.
             ENTERS INTO SECOND LIMITED WAIVER TO CREDIT AGREEMENT


Hudson, Massachusetts, November 29, 2001 - ACT Manufacturing, Inc. (Nasdaq:
ACTM) today entered into a Second Limited Waiver to its Credit Agreement with
its domestic bank syndicate, which is led by The Chase Manhattan Bank.  In the
waiver, the Company's domestic bank syndicate agreed to waive until December 7,
2001 noncompliance by the Company of certain borrowing base restrictions and
certain events of default relating to the Company's lease payment obligations.
The Company and the domestic bank syndicate also agreed that the maximum
revolving loan availability under the Credit Agreement will remain at $69
million, subject to availability under the applicable borrowing base and the
other terms and conditions to borrowing under the Credit Agreement.

ACT Manufacturing, Inc., headquartered in Hudson, Massachusetts, provides value-
added electronics manufacturing services to original equipment manufacturers in
the networking and telecommunications, computer and industrial and medical
equipment markets.  The Company provides OEMs with complex printed circuit board
assembly primarily utilizing advanced surface mount technology, electro-
mechanical subassembly, total system assembly and integration, mechanical and
molded cable and harness assembly and other value-added services.  The Company
has operations in California, Georgia, Massachusetts, Mississippi, France,
England, Ireland, Mexico, Singapore, Taiwan and Thailand.

This press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 that are neither guarantees nor
promises, but which are subject to risks and uncertainties that could cause
actual results to differ materially from those anticipated.  We caution you not
to place undue reliance upon any forward-looking statements, which speak only as
of the date made.  Forward-looking statements relate, among other things, to
ACT's role in the electronics manufacturing services market, the results of
actions taken by management, the strength of our customers' markets and the
outsourcing model in the electronics industry, expected operating and financial
results, sources of liquidity and capital resources, effects of our cash
management plan, negotiations with lenders and other parties, anticipated
results of restructuring efforts, developments within the customer base and
market opportunities, future customer shipments, and the plans and objectives of
management.  Those risks and uncertainties include, among others: changes or
anticipated changes in economic conditions; trends in the electronics industry;
the strength of our customers' markets and future customer demands; the
financial condition of our customers; the inability to achieve satisfactory
financial arrangements with bank lenders and other financial sources; the
inability to successfully integrate

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acquired businesses, the inability to achieve expected synergies and cost
associated with acquisitions; the effectiveness of managing manufacturing
processes; increased competition and its effects on pricing, revenues and gross
margins, and our customer base; our ability to timely complete, configure and
ship products; and changes, reductions, delays or cancellations of customer
orders. In addition, our business and results of operations are subject to
numerous additional risks and uncertainties, including the short-term nature of
customer orders, customers' announcements and introductions of new products or
new generations of products, evolutions in the life cycles of customers'
products, inventory obsolescence and currency exchange rate movements. For a
more detailed discussion of the risks and uncertainties of our business, please
refer to our periodic reports filed with the Securities and Exchange Commission,
including our Annual Report on Form 10-K for the period ended December 31, 2000
and our Quarterly Reports on Form 10-Q for the periods ended March 31, 2001,
June 30, 2001 and September 30, 2001.

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