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TUSCARORA PLASTICS ANNOUNCES INVESTMENT IN WHITE KNIGHT PACKAGING CORPORATION

 TUSCARORA PLASTICS ANNOUNCES INVESTMENT IN
 WHITE KNIGHT PACKAGING CORPORATION
 NEW BRIGHTON, Pa., Feb. 13 /PRNewswire/ -- Tuscarora Plastics, Inc. (NASDAQ: TUSC) announced today it has invested $1.3 million and acquired a 49 percent equity interest in White Knight Packaging Corporation of Grand Rapids, Mich.
 White Knight, a start-up company, will provide aseptic packaging to marketers and distributors of dairy, juice and other liquid food products. Aseptic packaging keeps these fluid foods fresh up to 12 months without the need for refrigeration or preservatives.
 According to John P. O'Leary Jr., president and chief executive officer, Tuscarora's investment in White Knight is passive. "We will not become involved in the day-to-day management of White Knight," he said, but also noted that the aseptic packaging business fits well with Tuscarora's longer-term strategic plan to become involved with a broader array of specialty protective packaging products.
 Widely used throughout the world, aseptic packaging was selected by the Institute of Food Technologists as the leading innovation in food science of the past 50 years. In addition to keeping foods fresh for prolonged periods, aseptic packaging offers a number of other benefits. Its flexible construction material is convenient and easy for consumers to use; it requires a minimal amount of material to package a given quantity of liquid; and its space-saving cubic shape, along with its light weight, can lower transportation costs.
 In the United States, the aseptic package is commonly known as the "drink box," a widely-used package for juice and juice drinks. While aseptic packaging prolongs the shelf-life of these products, it is also ideal for extending the shelf-life of milk and milk-based products. White Knight will manufacture aseptic packaging under contract for food companies and others that market milk beverages and other specialty liquid food products.
 White Knight's products will be distributed through retail and institutional outlets, including hospitals and nursing homes. The company's Grand Rapids plant will use the latest technology and equipment from Tetra Pak, Inc., and its subsidiary Alfa-Laval Food & Dairy Group, Inc., worldwide leaders in aseptic packaging.
 Tuscarora Plastics, founded in 1962 in New Brighton, Pa., is the nation's largest producer of custom molded foam plastic products made from expanded plastic materials. The company molds and fabricates these materials into: protective packaging and material handling products for a wide range of industrial and consumer product manufacturers; and thermal insulation and component parts for original equipment manufacturers. The company also manufactures corrugated internal packaging forms and returnable aluminum material handling containers.
 Tuscarora currently operates manufacturing facilities at 20 locations throughout the United States.
 -0- 2/13/92
 /CONTACT: Brian Mullins of Tuscarora Plastics, 412-843-8200/
 (TUSC) CO: Tuscarora Plastics, Inc.; White Knight Packaging Corporation ST: Pennsylvania; Michigan IN: CHM SU:


CD -- PG002 -- 9572 02/13/92 09:04 EST
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Publication:PR Newswire
Date:Feb 13, 1992
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