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Pregis Announces Fouth Quarter and Full Year 2007 Financial Results
Date:3/19/2008

14,735

Prepayments and other

current assets 9,187 8,221

Total current assets 329,730 309,777 Property, plant and

equipment, net 277,398 270,646 Other assets

Goodwill 150,000 135,232

Intangible assets, net 47,910 47,139

Deferred financing

costs, net 10,080 11,271

Due from Pactiv,

long-term 12,229 10,922

Pension and related

assets 25,659 10,089

Other 2,313 1,956

Total other assets 248,191 216,609 Total assets $855,319 $797,032 Liabilities and

stockholder's equity Current liabilities

Current portion of

long-term debt $2,120 $1,854

Accounts payable 100,326 78,557

Accrued income taxes 13,900 16,091

Accrued payroll and

benefits 19,814 19,356

Accrued interest 6,775 6,308

Other 22,436 20,093

Total current

liabilities 165,371 142,259 Long-term debt 475,604 453,463 Deferred income taxes 34,589 34,717 Long-term income tax

liabilities 9,585 6,939 Pension and related

liabilities 9,389 9,039 Other 7,124 6,355 Stockholder's equity:

Common stock - $0.01

par value; 1,000

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SOURCE Pregis Corporation
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