MICHAEL MOREFIELD RESIGNS FROM PORTOLA PACKAGING

January 18, 2008 - Batavia, Illinois - Portola Packaging, Inc. announced that Michael Morefield, Senior Executive Vice President and Chief Financial Officer, is leaving the company to pursue other interests. Andrea Schry, the Company’s Vice President and Controller will assume Mr. Morefield’s responsibilities as acting Chief Financial Officer. Ms. Schry joined Portola in 1992 and has served as the Company’s Controller for more than 11 years.

Morefield joined Portola in October 2004 and helped increase the Company’s EBITDA, a measure of earnings, from $17 million for the year ended August 31, 2004 to more than $27 million for the most recent fiscal year. Brian Bauerbach, President and Chief Executive Officer, thanked Mike Morefield for his contributions in improving the Company’s performance.

ABOUT PORTOLA PACKAGING, INC:
Portola Packaging is a leading designer, manufacturer and marketer of tamper-evident plastic closures used in dairy, fruit juice, bottled water, sport drinks, institutional food and other non-carbonated beverage markets. The Company also produces a wide variety of plastic bottles for use in dairy, water and juice markets, including various high density bottles, as well as five- gallon polycarbonate water bottles. In addition, the Company designs, manufactures and markets capping equipment for use in high speed bottling, filling and packaging production lines. Portola is also engaged in the manufacture and sale of tooling and molds used for blow molding. For more information about Portola Packaging, Inc., visit the Company’s web site at www.portpack.com.

ABOUT PORTOLA TECH INTERNATIONAL, INC:
Portola Tech International, Inc. (“PTI”) is a wholly owned subsidiary of Portola and is a leading manufacturer, marketer and designer of plastic packaging components for the cosmetic, fragrance and toiletries markets. PTI’s capabilities include injection and compression molding, thermal and ultraviolet metallizing, ultraviolet one-coat spray technologies, silk screening, hot stamping, lining and multiple component assembly. In addition to offering the largest stock line closures in the industry, with over 450 styles and sizes, PTI has a complimentary line of heavy-wall PETG and polypropylene jars. For more information about PTI, visit PTI’s web site at www.techindustries.com.

 

FOR INFORMATION ON THIS PRESS RELEASE CONTACT:

 

Brian J. Bauerbach
President and Chief Executive Officer

Andrea Schry
Vice President, Controller and Acting Chief Financial Officer
(724) 657-2150

 

Portola Packaging, Inc.
951 Douglas Road
Batavia, IL 60510
Web Site: www.portpack.com
Phone: (630) 406-8440
(888) 739-0936
Fax: (630) 406-8442
Email: Info@mail.portpack.com

NEWS
ONLINE ORDERING