<B>Ivex Completes Sale</B>

Ivex Packaging Corp. completed its sale of its Specialty Coating business to Chargeurs, of Paris, France for approximately $113 million in cash. The Specialty Coating business, which was a part of the Ivex Technical Packaging group, included the Newton, Mass., Troy, Ohio, and Bellwood, Ill. operations. The business generated revenues of approximately $90 million in 1999. Ivex is a vertically integrated specialty packaging company engaged in the manufacturing and marketing of a broad range of plastic and paper products to the consumer, medical, electronics, computer and technical markets.