Piscataway, NJ - August 3, 2006 - Captive Plastics, Inc., a First Atlantic Capital, Ltd.
portfolio company and leading manufacturer of blow-molded plastic bottles and closures,
today announced that it has signed a definitive agreement to acquire GRAFCO PET
Packaging Technologies, a leading supplier of Polyethylene Terephthalate (PET) rigid
containers. The transaction is expected to close in the third quarter. Terms of the
transaction were not disclosed.

The acquisition of GRAFCO is Captive’s third since being acquired by First Atlantic in
July 2004. Founded in 1945, GRAFCO specializes in stretch blow-molded PET
containers, and has a strong presence in the Food, Healthcare, Personal Care, and
Specialty Beverage markets. Headquartered in Hanover, Maryland, GRAFCO has
additional manufacturing centers in Dunkirk, NY, Bettendorf, IA and Morrow, GA. Tim
Frank, President & Chief Executive Officer, and Tom Frank, Vice President of Sales &
Marketing, of GRAFCO will remain with the combined company in management
consulting roles.

John Dezio, Chief Executive Officer of Captive Plastics, said, "The acquisition of
GRAFCO further bolsters our strong presence in many of our core markets and fits
perfectly with our objective of becoming the leading one-stop shop for all of our
customers’ product packaging needs."

Peter Martin, President and Chief Operating Officer of Captive Plastics, said, "GRAFCO
is a leader in its markets and together, our combined customer base will benefit from an
expanded product portfolio, additional plant locations, and a comprehensive array of
technologies. We welcome GRAFCO and its employees to the Captive family."

Roberto Buaron, Chairman and Chief Executive Officer of First Atlantic Capital, said,
"We believe GRAFCO represents an excellent strategic fit for Captive and enables the
Company to further broaden its product line and national presence. We will continue to
pursue organic and external growth opportunities for the Company as we build the
business."

Tim Frank, President and Chief Executive Officer of GRAFCO, said, "We look forward
to joining with Captive Plastics and believe the combined company will be a powerful
presence in the packaging industry for years to come."

Kirkland & Ellis LLP served as legal advisor to First Atlantic Capital and Captive
Plastics. Snyder & Company and Ballard Spahr Andrews & Ingersoll, LLP served as
financial and legal advisors, respectively, for GRAFCO.

Captive Plastics, Inc. is a leading manufacturer of plastic packaging for the personal care,
healthcare, food and spirit markets. Headquartered in Piscataway, NJ, the company
currently has eleven manufacturing plants from coast to coast. In addition to blow and
injection molding, Captive Plastics offers in-house services such as engineering, design
services, tooling, decorating and assembly of products. An affiliate of First Atlantic
Capital, a New York-based private investment firm, is the majority owner of Captive
Plastics. For additional information, please visit www.captiveplastics.com.

For Details, Contact: Jim Ness, Captive Plastics, Inc., (312) 848- 3179