PaperWorks appoints former D&W Finepack CEO Mark Staton as president and CEO, succeeding Richard LeBlanc

PHILADELPHIA , May 30, 2012 (press release) – Mark Staton has been appointed as the President and Chief Executive Officer of Philadelphia-based PaperWorks Industries, Inc., succeeding Richard LeBlanc, Interim President & CEO since January 2012.

Previously, Mr. Staton was CEO of D&W Finepack, a leading thermoformer supplying both the foodservice and consumer packaged goods markets with 14 manufacturing facilities throughout North America. Prior to D&W Finepack, Mr. Staton spent six years as CEO of Associated Packaging, a portfolio company of Castle Harlan, which culminated in the successful sale of the company to Sonoco Packaging in 2010.

Mr. Staton has held various roles with Huhtamaki, a public Finnish packaging multi-national, in both the UK and US, and from1998 - 2004 was CEO of Huhtamaki Americas and a member of the Executive Committee. Mr. Staton earned a BA with honors from the University of West of England, majoring in Finance and Marketing.

Jack Knott, Managing Director at Sun Capital Partners, commented:
“Mark Staton brings twenty-five years of packaging experience, international expertise, and proven merger and acquisition experience to PaperWorks. His experience spans rigid paper, thermoformed and injection molded plastics, along with paper/film based flexible packaging. We are excited to have an executive of Mark’s caliber lead PaperWorks.”

About PaperWorks Industries, Inc.
Founded in 2008, PaperWorks Industries, Inc. is a leading North American integrated full-service packaging provider. The company’s Packaging Division is considered a leading innovator in the production of specialized folding cartons, with facilities in the U.S. and Canada. Its Paperboard Division manufactures approximately 300,000 tons of 100% recycled paperboard every year for a variety of end uses, largely concentrated in consumer products. PaperWorks Industries, Inc. headquartered in Philadelphia, PA and is home to nearly 1,600 employees across 17 North American locations with annual sales in excess of $600 million.

About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in–house operating professionals and experience. Sun Capital affiliates have invested in more than 300 companies worldwide with combined sales in excess of $45 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen. For more information, please visit www.SunCapPart.com.



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