United Plastics Group, Inc. Announces Definitive Agreement to Acquire $250 Million Injection Molder SPM

WESTMONT, IL – July 25, 2000 – United Plastics Group, Inc., a full service manufacturer of plastic products for the electronics, medical, consumer and industrial markets, today announced that a definitive agreement has been reached to acquire SPM, subject to receipt of governmental approvals and completion of the financing. When completed, SPM will be UPG’s fifth and largest acquisition to date. United Plastics Group is acquiring SPM from Dynacast International Ltd. Terms of the transaction were not disclosed.

"We are very excited to announce this acquisition, which will give United Plastics Group a diverse international presence and make us an even stronger player in the injection molding industry, with 16 manufacturing sites and annualized sales of approximately $400 million," said William J. Kriss, President and CEO of United Plastics Group. "We view this acquisition as a hand-in-glove strategic fit with UPG since SPM parallels our current business strategy with strong partnerships in the electronics, medical, consumer and industrial markets."

SPM, a leading injection molder of precision-engineered plastics products, has ten manufacturing facilities strategically located across the United States, Mexico, Canada, and the United Kingdom. With injection molding machines ranging from 7 to 1500 tons, SPM has advanced process and decorating capabilities including in-mold decorating, soft touch painting, EMI/RFI shielding, 4-slide molding, Class 100,000 clean rooms and lens manufacture.
Commenting on UPG’s acquisitions to date, Kriss said, "We are not finished for 2000. We plan to actively pursue acquisitions in the medical market that will round out our offerings and expand our capabilities to our core group of strategic partners."

United Plastics Group most recently acquired custom injection molder OR Plastics, Inc. on June 5, 2000, and Supreme Plastics, Inc. on June 30, 2000.

About United Plastics Group, Inc.
United Plastics Group, Inc. headquartered in Westmont, IL, is a full service manufacturer of precision plastics products and value-added services for the electronics, medical, consumer and industrial markets. When the SPM acquisition is completed, United Plastics Group will operate state-of-the-art facilities in California, Canada, Florida, Illinois, Kentucky, Massachusetts, Mexico, Minnesota, Oregon, Texas, and the United Kingdom. United Plastics Group completed this transaction with their financial partner, Aurora Capital Group of Los Angeles, CA, an investment firm that acquires and builds companies in partnership with operating management. Aurora is actively working with United Plastics Group to identify complementary acquisitions.

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