Rosmar Packaging announces acquisition of Gibraltar Packaging

Sandy Yang

Sandy Yang

May 15, 2008 – Business Wire

HASTINGS, Neb. , May 15, 2008 (press release) – Rosmar Packaging Group Inc. today announced that it had acquired the business of Gibraltar Packaging Group, Inc. pursuant to an agreement and plan of reorganization, merger and dissolution. Under the terms of the agreement, a newly-formed corporation owned by the current stockholders of Gibraltar named RPG Merger Sub, Inc. became a wholly-owned subsidiary of Rosmar, the stockholders of such newly-formed corporation became entitled to receive $4.25 in cash, without interest, for each share they owned at the effective time of the merger and Gibraltar was dissolved.

Duff & Phelps acted as financial advisor to the Board of Directors of Gibraltar and delivered a fairness opinion to the Board. Greenberg Traurig, LLP acted as legal advisor to Gibraltar and Gowling Lafleur Henderson LLP and Torys LLP acted as legal advisors to Rosmar.

About Gibraltar Packaging Group, Inc.

Gibraltar Packaging Group, Inc. designs and manufactures specialty packaging products in facilities located in Nebraska and North Carolina, and markets these products primarily to consumers throughout the United States. Gibraltars products include folding cartons, specialty laminated containers and flexible packaging for a wide variety of businesses.

About Rosmar Packaging Group, Inc.

Rosmar is a Novacap II, LP portfolio company headquartered near Montreal, Quebec. It operates plants in Baie dUrfé (Quebec), Hamilton (Ontario), Phoenix (Arizona) and High Point (North Carolina). Rosmar is a leader in the packaging and printing industry in North America and with this transaction it solidifies its business platform to become a significant independent player in the value-added folding carton, packaging and printing industry in the North American marketplace. Beyond being a printer of distinction, Rosmar analyses, designs and manufactures cardboard packaging for a wide variety of products in industries as diverse as pharmaceutical, food and beverage, confectionary, houseware, hardware, automotive, medical, textile, personal care, pet products and toys.

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