Polyair Inter Pack Inc. Announces That Glencoe has Acquired Control of the Company
Market Wire, February, 2008
Polyair Inter Pack Inc. ("Polyair" or the "Company") (TSX: PPK) announced today that it has been advised that Glencoe Skydome Holdings, L.P. ("GSH") has acquired 223,900 common shares of Polyair bringing its total holdings in Polyair to 3,626,412 common shares representing approximately 51.82% of the total outstanding shares of Polyair. The Company is advised that the acquisition was made pursuant to an exemption from the takeover bid requirements under applicable securities laws, and that the purchase of the Polyair shares by GSH was made through private transactions for investment purposes.
Polyair Inter Pack Inc. ( www.Polyair.com ) manufactures and distributes a wide range of protective packaging products and swimming pool covers in North America. The Company operates eight manufacturing facilities, seven of which are in the USA where it generates the majority of its sales.
Contacts: Polyair Inter Pack Inc. Stysia Reay (416) 679-6591 Email: sreay@polyair.com Website: www.Polyair.com
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