ST. LOUIS, MO – With a 20-year history of aggressive sales growth and stable management, Alpha Packaging has entered into a financial partnership with Stonebridge Partners, a private equity firm of White Plains, New York. The move is intended to provide substantial capital investment dollars to fuel Alpha's continued growth in the plastic packaging marketplace. In each of the past six years, Alpha has sustained double-digit sales increases, and concluded 2004 with $44 million in sales, a 30% increase over 2003 sales figures. Alpha Packaging is among the top 30 largest blow molders of plastic bottles and jars in North America.

"This is a tremendous opportunity to build on the momentum of our success in the plastics industry," says Dave Spence, President and Chief Executive Officer of Alpha Packaging. "Our management team felt the timing was right to capitalize on the positive trends within our company and in the marketplace, and Stonebridge is the ideal financial partner to help us do that."

The recapitalization was finalized January 20. Dave Spence will remain as President and Chief Executive Officer of Alpha Packaging, and all existing Alpha management will continue in their current positions. In its role, Stonebridge will provide operational insight and expertise, as well as the financial strength to enable Alpha to pursue future growth opportunities.

Michael Bruno, Managing Partner of StonebridgePartners, says what initially attracted his firm to Alpha was its "fabulous track record of growth, backed by a strong management team."

"We have gained a tremendous amount of respect for Dave and his management team," Bruno says, "and Stonebridge is thrilled to be partnered with Alpha Packaging." Bruno noted that Stonebridge Partners is one of the oldest investment firms focused on middle-market companies, and its philosophy is to find and support companies with outstanding leadership and growth potential already in place. "Our goal is to help keep Alpha growing in the direction it is headed, at an accelerated pace."

About Alpha Packaging:
Alpha Packaging is a leading manufacturer of high density polyethylene (HDPE) and polyethylene terephthalate (PET) bottles and jars for the nutritional supplement, pharmaceutical, personal care, and niche food and beverage industries. In addition to manufacturing, Alpha Packaging has tool-making capabilities, from unit body cavity molds to complete high-cavity production tooling. It also offers in-house design on CAD/CAM systems, serving as a strategic industrial design partner for customers in a variety of industries. The current management team has been in place since 1985.

Alpha maintains headquarters and manufacturing facilities in St. Louis, Missouri and also has sales and manufacturing plants in Brooklyn, New York and Salt Lake City, Utah. Alpha's sales force sells its products through leading domestic distributors, and also maintains a network of international distributors in key markets. For additional information, visit www.alphap.com.

About Stonebridge Partners:
Stonebridge Partners is a private investment firm established in 1986 to acquire middle market companies in conjunction with the companies' management teams. Managed by a small group of seasoned partners, Stonebridge has acquired 47 companies, including 24 core companies and 23 add-on acquisitions completed to further the growth of these businesses. Combined revenues approximate $1.6 billion, with approximately $450 million of capital invested in the acquisitions. For more information on Stonebridge Partners, visit www.stonebridgepartners.com.