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Archive for October, 2008

AEP INDUSTRIES INC. COMPLETES ACQUISITION OF PLASTIC FILMS SEGMENT OF ATLANTIC PLASTICS, INC.

Friday, October 31st, 2008

Contact: Paul Feeney
Executive Vice President
and Chief Financial Officer
AEP Industries
(201) 807-2330
feeneyp@aepinc.com

Transaction Positions AEP as a Preferred Supplier of Flexible Packaging

The integration of the Plastic Films segment positions AEP as a preferred supplier of flexible packaging by bringing together two producers that are industry leaders across many product categories.  Atlantis’ Linear Stretch films business will become part of AEP’s Stretch film operations and Atlantis’ Custom Films division will be folded into AEP’s Proformance Films operations, which will focus on highly engineered specialty high–performance mono and coextruded products.  In addition, the Plastics Films institutional products division will be folded into AEP’s institutional products division.  The combinations of these groups will provide unmatched capabilities in the industry and exponential improvement in the individual product offerings.  Plastic films products are used in a variety of applications, including storage, transportation, food packaging, appliance, building products and other commercial and consumer applications.

Except for historical information contained herein, statements in this 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, cash flow guidance and market conditions.  Those and other risks are described in the Company’ annual report on Form 10-K for the year ended October 31, 2007 and subsequent reports filed with or furnished to the Securities and Exchange Commission (SEC), copies of which are available from the SEC or may be obtained from the Company.  Except as required by law, the Company assumes no obligation to update the forward-looking statements, which are made as of the date hereof, even if new information become available in the future.