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Pregis Corporation Acquires European Protective Packaging Manufacturer
Deerfield, Illinois, USA, 03 December 2007 -– Pregis Corporation announced today that it has acquired all of the outstanding share capital of Besin International B.V., for approximately USD 18.0 million in cash, including estimated direct costs of the acquisition. The transaction was financed with cash on-hand.

Besin is a leading European producer and distributor of paper honeycomb protective packaging products. The company has production facilities in the Netherlands and France and generated 2006 annual revenue of approximately USD 22.0 million, on a non-U.S. GAAP reporting basis.

Besin will be operated within Pregis’ Hexacomb division, which is a component of Pregis’ protective packaging reporting segment. Combined with its current operations in Spain and North America, the expanded Hexacomb division will be able to serve large national and international customers with recyclable, paper-based protective packaging solutions.

Pregis Corporation is a leading global provider of innovative protective, flexible, and foodservice packaging and hospital supply products. The specialty-packaging leader currently operates 47 facilities in 18 countries around the world. Pregis Corporation is a wholly owned subsidiary of Pregis Holding II Corporation. For more information about Pregis, visit www.pregis.com.

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