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Solo to acquire SF Holdings

HIGHLAND PARK, IL. - Solo Cup yesterday announced that it has entered into a definitive agreement to acquire SF Holdings Group, Inc. (Sweetheart Cup, Hoffmaster Tissue and The Fonda Brands), headquartered in Owings Mills, MD, for cash. Both companies are involved in manufacturing and distributing disposable foodservice and beverage-related products.

Ronald L. Whaley, Solo coo, observed that the acquisition will mean that both products' customers "will have more access to top-quality service, innovation and an even broader array of products that meet their needs."

The transaction is expected to close in the first quarter of 2004.

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