SOMERVILLE, N.J.--(BUSINESS WIRE)--Tekni-Plex, Inc. has announced that, as a result of an exhaustive review related to its ongoing efforts to improve business performance across the organization, the Company will close its Dolco Packaging manufacturing facility in Memphis, Tennessee by the end of November 2008. The plant’s 83 employees have been notified.

Dolco Packaging produces and sells polystyrene foam packaging for perishable foods such as egg cartons and meat trays. Some of the business previously handled by the Memphis plant will be transferred to other Tekni-Plex facilities to better serve the company’s customers.

“The decision to close the Memphis plant reflects our continuing efforts to reshape the company’s manufacturing footprint,” said Paul Young, Chief Executive Officer of Tekni-Plex. “Our employees in Memphis worked extremely hard to improve the performance of the plant over a long period of time, but for a variety of reasons, we have not achieved the expected results. Closing this unprofitable facility allows us to focus our attention and investment resources on stronger market segments within the Dolco business portfolio.”

Tekni-Plex is a global, diversified manufacturer of packaging, packaging products and materials, as well as tubing products.

The Company’s operations are aligned under two business segments: Packaging and Tubing Products. Representative product lines in the Packaging segment include foam egg cartons; pharmaceutical blister films; poultry and meat processor trays; closure liners; aerosol and pump packaging components; and foam plates. Representative product lines in the Tubing Products segment include garden and irrigation hose; medical tubing; and aeration hose. The Company also manufactures other products that do not fit in either of these segments, including recycled PET, vinyl compounds and specialty resins.

This press release includes statements that may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to: price volatility and availability of raw materials and the Company’s ability to correspondingly increase its prices, competitive factors, risks related to foreign investments and operations, seasonality, changes in environmental and safety laws and regulations and other risks discussed in the Company’s periodic and other filings with the Securities and Exchange Commission. By making these forward-looking statements, Tekni-Plex undertakes no obligation to update these statements for revisions or changes after the date of this release.