SUPPLYONE ACQUIRES WEIDNER PLASTICS, INC.

Seventh Acquisition Expands Mid-Atlantic Presence and Product Offerings

Devon, Pennsylvania, July 20, 2000 - SupplyOne, the Devon, Pennsylvania-based consolidator of specialty packaging manufacturers and packaging equipment and supply distributors, announced today that it has acquired Reading, Pennsylvania based Weidner Plastics, Inc., a thermoformer of polystyrene and polyvinyl packaging products.

William T. Leith, President and Chief Executive Officer of SupplyOne, said, “I am particularly excited about the Weidner acquisition because it adds a new dimension to SupplyOne's interior packaging capabilities.” 

SupplyOne’s acquisitions to date have been primarily manufacturers and distributors of corrugated, film or foam packaging.  Weidner is SupplyOne’s seventh packaging acquisition, but the first that specializes in thermoformed plastic packaging products, which are used in conjunction with other packaging materials for shipment of high-end, delicate electronic components.  “Weidner has a long-standing reputation for quality products and outstanding customer service, particularly in the telecommunication and electronics industries,” Leith noted.  “Their expertise will enable us to expand our product offering to customers not only throughout the Mid-Atlantic Region, but nationally as well.”

SupplyOne’s strategy is to acquire well-run, profitable companies which are recognized leaders in their local market areas and which are seeking to diversify their risk and play an important part in a larger organization.  As core companies are established in major geographies, SupplyOne supplements them with smaller acquisitions, which enhance the core company’s market areas and product offering.  This strategy allows SupplyOne to maximize synergies and cost savings while expanding their national presence. 

Weidner will operate as a part of Granite Packaging, SupplyOne’s core acquisition in the Mid-Atlantic region.  “Weidner is an outstanding fit with Granite,” Leith emphasized.  “Their product lines complement one another, and they already share a common major account.  Weidner will utilize Granite’s knowledgeable sales force to enhance its growth, and Granite will benefit from an enhanced product line that fits with its core competency of custom-designed packaging solutions, whether in foam, corrugated or, now, plastic.”

SupplyOne’s goal is to build an unparalleled, integrated network that serves customers across the United States with one-stop packaging solutions, from box design and interior product protection to closure systems and load unitizing.  The SupplyOne network of outstanding companies will provide customers with everything in, on and around the box - including the box itself.