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Pregis Announces Fourth Quarter and Full Year 2008 Financial Results
Date:3/26/2009

reases implemented in the third quarter of 2008. Excluding the impacts of unfavorable foreign currency effects and incremental revenue growth from acquisitions, net sales for the segment decreased 12.1%.
  • Net sales of the specialty packaging segment decreased $8.5 million, or 9.9%. The decrease was due primarily to unfavorable foreign currency translation. Excluding the impact of unfavorable foreign currency, the segment's 2008 fourth quarter net sales increased 3.0%, driven by higher sales volumes in fresh-food flexible packaging products, flexible films and surgical procedure packs.
  • A summary of a significant measure required by the Company's indentures is presented in the supplemental information at the end of this release.

    Conference Call:

    The Company will conduct an investor conference call to review its 2008 fourth quarter and full year results on Friday, March 27, 2009 at 10:00 a.m. ET (9:00 a.m. CT). The call can be accessed through the following dial-in numbers: Domestic: 800-510-9834; International: 617-614-3669; Participant Passcode: 28484117. A replay of the conference call will be available through April 10, 2009. The replay may be accessed using the following dial-in information: Domestic: 888-286-8010; International: 617-801-6888; Passcode: 45812911.

    About Pregis:

    Pregis Corporation is a leading global provider of innovative protective, flexible, and foodservice packaging and hospital supply products. The specialty-packaging leader currently operates 46 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 the Company's web site at www.pregis.com.

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