Talked to Mr. Craig Smith, owner of Circle Fly Wads. The company is still in business. He has no clue where the OP's friend's information came from. Mr. Smith has not been to a shoot in 2 years, sooooooooo........
??
Circle Fly is booming. He sells wads to....
Ballistic Products
Buffalo Arms Company
Dixie Gun Works
Precision Reloading
The Gun Works Muzzleloading Emporium
Dixon's
Track of the Wolf
Major & minor centerfire shotshell manufacturers
The above are just the companies that he mentioned that he sells to. There are most likely others.
He started off purchasing the various nitro material for the wads in 1 ton pallets, that took about 2 months to deplete. Last week he set a record by using a pallet of material in a single week. He told me that he has upped his most recent order to 4-pallet lots for the various thickness materials, because that's how far behind he is on back orders. With new orders constantly coming in.