TORONTO, Sept. 23 /CNW/ - Peter F. Clark announced his intention to purchase, through the facilities of the TSX, up to 600,000 common shares in the capital of CPI Plastics Group Limited ("CPI").

Mr. Clark is the Chief Executive Officer of CPI and excluding the shares indicated above beneficially owns, directly or indirectly, or has the power to exercise control or direction over 7,266,126 common shares of CPI representing in excess of 55% of all issued and outstanding common shares of CPI.

Based upon publicly available information concerning the business of CPI, Mr. Clark stated the acquisition of the shares reflected an attractive business opportunity.

CPI Plastics Group Ltd. is a Canadian-based plastics processor and a recognized international leader in thermoplastics profile design, engineering, processing and value added manufacturing. CPI is comprised of three key divisions. CPI's Outdoor Living Products Group manufactures and markets eon(R) Decking and Fencing Systems, as well as high value-added cladding and accessory components to the outdoor hot tub industry. CPI's Film Products Group manufactures and markets the Rack Sack(R) household refuse management system and a wide range of branded and private label household and industrial refuse bags. CPI's Custom Products Group supplies leading OEM manufacturers with custom profile solutions to enhance quality, cost effectiveness and process ability. Based in Mississauga, Ontario and Pleasant Prairie, Wisconsin, CPI's dedicated team of over 600 employees currently manufactures out of six plants occupying 530,000 square feet of manufacturing space and housing over 135 extruders. To learn more about CPI, visit our website at www.cpiplastics.com.

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