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Packaging Dynamics Corporation to Close Facility in Chicago
Chicago, Illinois, USA, 03 March 2011 -- /PRNewswire/ -- Packaging Dynamics Corporation today announced a facility consolidation initiative within its BagcraftPapercon food packaging business. This consolidation initiative will result in the closure of the smaller of the company's two Chicago facilities, which employs approximately 50 people. Operations at the facility will continue into the third quarter of 2011, when production will be transferred to other locations, including the company's primary Chicago facility and headquarters at which approximately 300 people work.

"This facility consolidation initiative reflects our commitment to serve all of our customers from modern, industry leading manufacturing facilities," said Roger Prevot, chief executive officer. "We have made and are continuing to make investments to expand and upgrade production capabilities across BagcraftPapercon's national plant network to ensure a seamless transition. In addition, this action affirms our commitment to continue providing our customers throughout the United States with our broad industry leading product line."

Packaging Dynamics is a leading flexible packaging and specialty papers company providing innovative solutions to customers in each of its three business units: BagcraftPapercon, International Converter, and Thilmany Papers. Packaging Dynamics is a portfolio company of private investment firm Kohlberg & Company. For more information, visit www.pkdy.com.

BagcraftPapercon, a business unit of Packaging Dynamics Corporation, is a leading producer of paper-based flexible food service packaging. For more information, visit www.bagcraftpapercon.com.


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