<B>Westvaco Completes Acquisition</B>

Westvaco Corp. completed its previously announced acquisition of IMPAC Group, Inc., a supplier of packaging and printing solutions to consumer markets including entertainment, cosmetics and health and beauty aids.

IMPAC is Westvaco's latest initiative to achieve growth in global packaging. In 1999, following a strategic review, the company created its Packaging Resources Group. In December it acquired a modern bleached paperboard mill in Evadale, TX, and in January acquired Mebane Packaging Group, Inc., a supplier of packaging for pharmaceutical, health care and personal care products.

IMPAC operates seven production facilities and one fulfillment center in the United States and a total of 12 production facilities in Austria, Ireland, The Netherlands and the United Kingdom. Westvaco's other consumer packaging operations include eight plants in the United States, Brazil, China and the Czech Republic and seven additional plants in the eastern United States and Puerto Rico as part of its Mebane operations.