Piscataway, NJ - January 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 acquired Premier Plastics, the plastic packaging division of
Premier Industries, Inc. Premier Plastics specializes in the processing and manufacturing
of blow molded containers. The Company has manufacturing facilities in Tacoma, WA
and Lathrop, CA. Terms of the transaction were not disclosed.

The acquisition of Premier Plastics is Captive’s second since being acquired by First
Atlantic in July 2004. Premier, whose core business is in food packaging, designs and
manufactures plastic bottles using a variety of resins, including PET, HDPE, PVC, PS
and PP. The Company utilizes both Injection Stretch Blow Molding and Extrusion Blow
Molding technologies to produce its products.

Premier Industries, Inc., the largest producer of expanded polystyrene used for insulation
and roofing applications, divested Premier Plastics in order to focus on its core Insulfoam
business.

John Dezio, CEO of Captive Plastics, said, "The acquisition of Premier Plastics furthers
our objective of becoming the leading one-stop shop for all our customers’ product
packaging needs and continues the expansion of our business in the food container
market. Additionally, this acquisition will expand our plant locations to better serve our
customers and minimize the impact of freight costs in this time of rising energy costs."

Peter Martin, President and Chief Operating Officer of Captive Plastics, added, "Premier
Plastics’ plant locations, stock product portfolio and food market focus add important
resources to our growing company. We intend to support Premier’s existing customers
and expand our share in the markets that they currently serve."

Roberto Buaron, Chairman and CEO of First Atlantic Capital, said, "This acquisition is
another significant step in our effort to transform Captive into the leader in its industry.
Operating in a consolidating industry with substantial potential for enhancing production
efficiencies, Captive has numerous organic and external growth opportunities that we will
continue to aggressively pursue."

Mick Wall, CEO of Premier Industries, said, "Together with Captive, Premier Plastics
will be better positioned to broaden its product line and serve its West Coast customer
base. As part of a national plastics company, our employees will have greater
opportunities for growth as the Captive platform continues to expand."

Kirkland & Ellis LLP served as legal advisor to First Atlantic Capital and Captive
Plastics. Zachary Scott & Co. and Riddell Williams P.S. served as financial and legal
advisors, respectively, for Premier Industries.