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FIELD CONTAINER ACQUIRES ONE-THIRD INTEREST IN MARKETER OF BAKERY AND DELI PACKAGING

 ELK GROVE VILLAGE, Ill., Sept. 20 /PRNewswire/ -- Field Container Company, L.P. today announced it has purchased a one-third interest in Marketing Concepts Group, Inc. (MCI), of Indianapolis. Terms of the transaction were not disclosed.
 MCI is a leading marketer of packaging to the supermarket industry, and currently handles sales and marketing for much of Field's bakery and deli packaging. The investment in MCI will allow Field to increase its commitment to the research and development of innovative bakery and deli packaging.
 "This relationship will combine the strengths of Field's technology and food packaging expertise with MCI's marketing and sales experience in bakery and deli packaging to better serve our customers," said Field Container's chief executive officer, Larry Field. "The synergies will also allow us to capitalize on the growth potential available in this market segment."
 Field addeda?t marketing and sales of the bakery and deli packaging products for the supermarket industry will be handled by MCI; while production, customer service and operational support will be provided by Field's J.G. Clark facility, located in Marion, Ohio, and its sister plant, called Southfield, located in Tuscaloosa, Ala.
 "This partnership is important for us in that it will allow both our companies to focus on our respective core businesses," noted Matt Peelan, chairman of MCI. "And it offers us an opportunity to operate an effective marketing arm of Field Container. The closer relationship will benefit us all."
 Field Container Company, L.P., the nation's leading independent manufacturer of folding cartons and specialty paper packaging, operates eight folding carton plants across the United States. In addition, the company owns St. Clair Pakwell, which manufacturers gift wrap; Michigan Paperboard, the company's recycled paper mill; and Handschy Industries, one of the country's few domestically owned ink manufacturers, with five locations nationwide. Field Container will post nearly $400 million in sales in 1993. The company employs more than 2,000 people.
 Marketing Concepts Group, Inc., was formed in 1979 and operates offices in Indianapolis and Louisville, Ky. The company posted sales of approximately $21 million in 1992.
 -0- 9/20/93
 /CONTACT: Dave Thompson of Ogilvy Adams & Rinehart, 312-988-2803/


CO: Field Container Company, L.P.; Marketing Concepts Group, Inc. ST: Illinois, Indiana IN: PAP SU: TNM

CK -- NY041 -- 3600 09/20/93 11:04 EDT
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Publication:PR Newswire
Date:Sep 20, 1993
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