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IPS Packaging to Purchase All-Star Packaging, Inc.

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IPS Packaging

306 Wilson Bridge Rd., Fountain Inn, SC, 29644, USA

Original Press Release

IPS Packaging to Purchase All-Star Packaging, Inc.

Press release date: March 3, 2006

FOUNTAIN INN, S.C., March 3, 2006 -- Wholesale industrial packaging distributor IPS Packaging (http://www.ipspackaging.com) will soon have a third location in the Carolinas. The company today announced it is in the process of acquiring Charlotte, N.C.-based All-Star Packaging, Inc. (http://www.allstarpackaging.com), adding to IPS's locations in Fountain Inn, S.C. and High Point, N.C.

Under the agreement, All-Star Packaging's president Paul Payerle will stay on at the Charlotte facility, as will most of the current All-Star staff. All-Star back-office functions will move to IPS's South Carolina operation. "The acquisition of All-Star Packaging gives IPS a strategic location in Charlotte, allowing us to provide greater coverage in that area," stated IPS founder and president Jerry W. Murdock. "By bringing All-Star Packaging under the IPS umbrella, we are giving their customers a bigger source of supply and a wide range of additional industrial packaging products to carry."

Murdock plans to continue expanding IPS's geographic marketplace through selective quality acquisitions that will fit its profiles.

"All-Star Packaging has always been a very strong competitor with good people," Murdock explained. "They have done a really good job selling value to their customer. In terms of further expansion, we're looking for that kind of quality distributor in a strategic location."

Payerle expressed optimism about the merger. "I viewed the acquisition of All-Star Packaging by IPS Packaging as an exceptionally positive development for our employees and our customers," Payerle stated. "IPS Packaging has a broader range of products, more suppliers, and a far more substantial internal support system. Altogether, this enables All-Star Packaging to do a much better job serving our existing customer base and provides tremendous opportunities for future growth."

To learn more about IPS Packaging, visit http://www.ipspackaging.com. Information about All-Star Packaging, Inc. can be found at http://www.allstarpackaging.com.

Contact: Jerry W. Murdock IPS Packaging 864-862-1500 Ext. 110 jmurdock@ipack.com http://www.ipspackaging.com

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