PKDY Packaging Dynamics - When-Issued Common Stock (MM)

Packaging Dynamics Corporation Announces Executive Appointment CHICAGO, April 4 /PRNewswire-FirstCall/ -- Packaging Dynamics Corporation (NASDAQ:PKDY) (the "Company" or "Packaging Dynamics") today announced the appointment of Gene Gentili as Executive Vice President of the Company. In this role, Mr. Gentili will assume management responsibility for BagcraftPapercon, the Company's food packaging business segment. Prior to joining Packaging Dynamics, Mr. Gentili served as President and CEO of Mullinix Packages, Inc. and previously was Vice President and General Manager of Ivex Packaging Corporation. Frank V. Tannura, Packaging Dynamics' Chairman and Chief Executive Officer, commented, "I am quite pleased that Gene will be joining Packaging Dynamics to assume leadership of BagcraftPapercon. Gene has over 25 years of packaging industry experience and has deep knowledge of our markets and customer base. I believe that Gene, working closely with Gaby Ajram and the rest of the BagcraftPapercon management team, will accelerate the integration of the Bagcraft and Papercon business and execution of our strategic plan." BagcraftPapercon converts paper, film and foil into a variety of specialty value-added food packaging products including specialty bags, specialty sheets and wraps, interfolded tissue, pan liners as well as a line of butcher, freezer and locker paper products. Key markets served include foodservice distribution, restaurant (quick-service/QSR and fast-casual), supermarket, bakery, retail and packer processor. About Packaging Dynamics Packaging Dynamics, headquartered in Chicago, Illinois, is a flexible packaging company that laminates and converts paper, film and foil into various value-added flexible packaging products for the food service, food processing, bakery, supermarket, deli and concession markets as well as a limited number of industrial markets. Packaging Dynamics Forward-Looking Language The statements contained in this press release are forward-looking and are identified by the use of forward-looking words and phrases, such as "estimates," "plans," "expects," "to continue," "subject to," "target" and such other similar phrases. These forward-looking statements are based on the current expectations of the company. Because forward-looking statements involve risks and uncertainties, the company's plans, actions and actual results could differ materially. Among the factors that could cause plans, actions and results to differ materially from current expectations are: (i) changes in consumer demand and prices resulting in a negative impact on revenues and margins; (ii) raw material substitutions and increases in the costs of raw materials, utilities, labor and other supplies; (iii) increased competition in the company's product lines; (iv) changes in capital availability or costs; (v) workforce factors such as strikes or labor interruptions; (vi) the ability of the company and its subsidiaries to develop new products, identify and execute capital programs and efficiently integrate acquired businesses; (vii) the cost of compliance with applicable governmental regulations and changes in such regulations, including environmental regulations; (viii) the general political, economic and competitive conditions in markets and countries where the company and its subsidiaries operate, including currency fluctuations and other risks associated with operating in foreign countries; and (ix) the timing and occurrence (or non-occurrence) of transactions and events which may be subject to circumstances beyond the control of the company and its subsidiaries. DATASOURCE: Packaging Dynamics Corporation CONTACT: Patrick T. Chambliss of Packaging Dynamics Corporation, +1-773-843-8113 Web site: http://www.pkdy.com/

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