<b>Paperboard Industries Buying Crown Plant</B>

Paperboard Industries International Inc. entered into an agreement with Crown Packaging Ltd. and its parent corporation to acquire a folding carton plant in Winnipeg, Manitoba. The folding carton plant has an annual converting capacity of approximately 15,000 metric tons of boxboard. The folding cartons are primarily used in the packaging of food and beverage products.

The Winnipeg folding carton plant will be part of the Somerville Packaging Division of Paperboard and will be known as Somerville Packaging, Western Division.

March 2001
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