As a result of the agreement, Shorewood Packaging and AGI World, two
leading global specialty packaging companies, will become AGI-Shorewood,
creating one of the largest specialty packaging businesses in the world
with operations in North America, Europe, Asia, Australia and Latin
America. Once the transaction is complete, the new company will employ nearly
4,000 people and will operate 24 manufacturing facilities around the
world. Mike Ukropina, currently president, Shorewood Packaging, will
lead the new AGI-Shorewood organization as president and CEO.