TORONTO, Jan. 2 /CNW/ - Glencoe Skydome Holdings, L.P. ("GSH") announces
that it has acquired 1,578,845 common shares of Polyair Inter Pack Inc.
("Polyair") (TSX: PPK) bringing its total holdings in Polyair to
3,402,512 common shares representing approximately 48.62% of the total
outstanding shares of Polyair. GSH purchased all of the shareholdings in
Polyair of Consolidated Mercantile Incorporated and two other shareholders.
The acquisition was made pursuant to an exemption from the takeover bid
requirements under applicable securities laws.
The purchase of the Polyair shares by GSH was made through private
transactions for investment purposes. GSH may, from time to time, acquire
additional shares of Polyair, dispose of some or all of the existing or
additional shares of Polyair, or continue to hold the shares of Polyair in the
normal course of GSH's investment activities.
For further information:
For further information: (and to obtain a copy of the report to be
prepared by GSH in accordance with Canadian securities laws), please contact:
Beth Satterfield, (312) 795-6300, c/o Glencoe Capital, LLC, 222 West Adams
Street, Suite 1000, Chicago, IL 60606