Piscataway, NJ: (August 22, 2005) -- Captive Plastics, Inc. today announced that it
has acquired the assets and business of Spentech Plastics Containers, Inc.
Spentech has two manufacturing facilities located in Richmond, VA. Terms of the
transaction were not disclosed.

Spentech Plastics is a leading producer of rigid plastic bottles servicing the
Personal Care, Pet Care, Automotive, Pharmaceutical and Household Chemical
markets. Over its 13-year history, Spentech has become a respected producer of
high quality rigid plastic containers in HDPE, PET, PP, PVC, Soft Touch and Hi-
Gloss PE.

John Dezio, CEO of Captive Plastics, said, "The acquisition of Spentech fits
perfectly with our growth strategy to produce bottle and closure packaging
solutions, which offer our customers one stop shopping for all their product
packaging requirements."

Peter Martin, President and Chief Operating Officer of Captive Plastics, added,
"We are excited about the addition of Spentech to our growing company and we
intend to capitalize on their strong position in the markets they serve."

Kirkland & Ellis LLP served as legal advisor to First Atlantic Capital. Graham,
Curtin & Sheridan, P.A. served as legal advisor to Captive Plastics. Ernst &
Young Corporate Finance (Canada), Inc. acted as exclusive financial advisor to
Spentech.