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SAN JOSE, CA-August 17, 2004 - Portola Packaging, Inc. today
announced that it has extended its tender offer to purchase its common stock
through November 1, 2004. This will defer acceptance of tenders through that
date. By that date the Company's fiscal 2004 year-end results will be available,
and the Company will have greater visibility concerning its 2005 capital
expenditure requirements.
This press release will be available under the "in
the news" section on the Company's web site at : www.portpack.com.
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, sports drinks, institutional food products and other
non-carbonated beverage products. The Company also produces a wide variety of
plastic bottles for use in the dairy, water and juice industries, 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
as well as manufactures and markets customized five-gallon water capping and
filling systems. The Company is also engaged in the manufacture and sale of
tooling and molds used in the blow molding industry. For more information about
Portola Packaging, visit the Company's web site at : www.portpack.com..
ABOUT PORTOLA TECH INTERNATIONAL:
Portola Tech International ("PTI") is a
leading manufacturer and marketer of plastic packaging components to the
cosmetic, fragrance and toiletries industry. 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
of closures in the industry, with over 450 styles and sizes, PTI has a
complementary line of heavy wall PETG and polypropylene jars. For more
information about PTI, visit PTI's web site at www.portolatech.com.
FOR ADDITIONAL INFORMATION CONTACT:
Jack L. Watts
Chairman and Chief Executive Officer
(408) 573-2345
James A. Taylor
President and Chief Operating Officer
(408)
573-2074
Dennis L. Berg
Vice President and Chief Financial Officer
(408)
573-2039
Portola Packaging, Inc.
898 Faulstich Court
San Jose, CA 95112
Web
Site::www.portpack.com.
Phone: (408) 573-2000
(800) 767-8652
Fax: (408) 452-0122
Email:
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