WinCup Completes the Acquisition of Cardinal's Straw Business

Online, December 9, 2010 (Newswire.com) - STONE MOUNTAIN, GA -December 9, 2010- WinCup, headquartered in Stone Mountain, Georgia, announced that effective yesterday, it acquired substantially all of the assets of Cardinal Unijax, LLC, headquartered in Jacksonville, Florida, for an undisclosed sum.

Cardinal manufactures a full line of straws and stirrers offering a broad portfolio of features including specialty colors and printed wrappers. Cardinal is focused on end-user customers within the healthcare, foodservice and convenience store market segments. These customers value Cardinal for distinctive quality, service and innovation as well as its ability to provide custom solutions quickly for a variety of applications.

Kevin Keneally, President of New WinCup Holdings, Inc. said, "The completion of the Cardinal acquisition expands our product portfolio into a unique combination of cup, lid and straw offerings and will create immediate cross-selling opportunities for both business' customers. Cardinal has a strong market reputation and we look forward to integrating Cardinal into WinCup as we continue to strengthen our position as a foodservice disposables leader."

About WinCup®
WinCup (www.wincup.com) is a privately-held premier manufacturer and distributor of a broad line of disposable packaging and specialty chemical products in North America. It services a wide range of foodservice market segments and has built a reputation for quality, service and customer loyalty.

Contact:
Caroline Williamson, General Counsel
215.540.0174
[email protected]