Roman Corp. Agrees to Acquire Box Company

Roman Corp. Ltd. has reached an agreement to acquire A. & C. Boehmer Limited, which operates as Boehmer Box. Boehmer Box manufactures folding cartons for consumer packaged goods. Roman’s operating division, Strathcona Paper, is a manufacturer of 100 percent recycled clay coated boxboard

``We are very elated about this acquisition. Our company will virtually double in size as a result, and we expect that the transaction will be immediately accretive to earnings.'' said Helen Roman-Barber, Chairman and CEO of Roman Corporation. ``There are many similarities between Boehmer Box and Strathcona Paper. They are of similar size and profitability, they are both niche players in the consumer packaging sector, and their long-term relationship has been driven by their shared commitment to delivering superior quality and service to their customers.

The transaction is expected to close on March 1, 2002. Post completion of the acquisition, Strathcona Paper and Boehmer Box will both operate as separate business divisions of Roman Corporation.

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