EX-99.1
3
a08-10520_1ex99d1.htm
EX-99.1
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contact:
Paul Feeney
Executive Vice
President, Finance
and Chief Financial
Officer
AEP Industries Inc.
(201) 807-2330
feeneyp@aepinc.com
AEP Industries Inc. Sells Netherlands Subsidiary to Euro-M Flexible
Packaging S.A. and Ghlin S.r.L.
South Hackensack, NJ
, April 4, 2008 - AEP Industries
Inc. (NASDAQ: AEPI), a manufacturer, marketer and distributor of an extensive
range of plastic packaging products for the food/beverage, industrial and
agricultural markets, today announced
that it has completed the sale of its subsidiary in the Netherlands, AEP
Industries Nederland B.V., to Euro-M Flexible Packaging S.A. and Ghlin S.r.L ("the
Buyers") for approximately $28 million in cash, before closing costs. The Buyers have also assumed all third party
debt and the unfunded pension obligation of AEP Industries Nederland B.V. The company will provide further details
about the transaction in a Form 8-K to be filed mid next week.
AEP Industries Inc.
manufactures, markets, and distributes an extensive range of plastic packaging
products for the food/beverage, industrial and agricultural markets. The
Company has operations throughout North America.
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EX - 99 . 1 3 a08 - 10520 _ 1ex99d1 . htm EX - 99 . 1 EXHIBIT 99 . 1 FOR IMMEDIATE RELEASE Contact : Paul Feeney Executive Vice President , Finance and Chief Financial Officer AEP Industries Inc . ( 201 ) 807 - 2330 feeneyp@aepinc.com AEP Industries Inc . Sells Netherlands Subsidiary to Euro - M Flexible Packaging S . A . and Ghlin S . r . L . South Hackensack , NJ , April 4 , 2008 - AEP Industries Inc . ( NASDAQ : AEPI ) , a manufacturer , marketer and distributor of an extensive range of plastic packaging products for the food / beverage , industrial and agricultural markets , today announced that it has completed the sale of its subsidiary in the Netherlands , AEP Industries Nederland B . V . , to Euro - M Flexible Packaging S . A . and Ghlin S . r . L ( " the Buyers " ) for approximately $ 28 million in cash , before closing costs . The Buyers have also assumed all third party debt and the unfunded pension obligation of AEP Industries Nederland B . V . The company will provide further details about the transaction in a Form 8 - K to be filed mid next week . AEP Industries Inc . manufactures , markets , and distributes an extensive range of plastic packaging products for the food / beverage , industrial and agricultural markets . The Company has operations throughout North America . # # #