Archive for July, 2001


Monday, July 2nd, 2001

CONTACT: Paul Feeney
Executive Vice President and
Chief Financial Officer
(201) 807-2330


South Hackensack, NJ, July 2, 2001 – AEP Industries Inc. (Nasdaq: AEPI, the “Company”) today reported J. Brendan Barba, the chairman and chief executive officer of the Company, in order to achieve diversification of his investments entered into an agreement with Merrill Lynch, Pierce, Fenner & Smith for the sale over a period of one year of up to 300,000 shares of Company common stock at the rate of 25,000 shares per month, at a price not less than $50.125. Mr. Barba currently owns 1,257,425 shares of Company common stock representing 17.3 percent of the shares outstanding. The arrangement represents a systematic selling program contemplated by rule 10b5-1 under the Securities and Exchange Act of 1934.

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 in 11 countries throughout North America, Europe and Asia/Pacific.

Except for historical information contained herein, statements in the release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results in future periods to differ materially from forecasted results. Those risks include, but are not limited to, risks associated with pricing, volume and conditions of markets. Those and other risks are described in the Company’s filings with the Securities and Exchange Commission (SEC) over the last 12 months, copies of which are available from the SEC or may be obtained from the Company.