Hudson, WI, - October 10, 2011 - Phillips Plastics today announced the appointment of E. Gary Willenbrecht to the position of Vice President and Chief Financial Officer, effective October 7, 2011. Willenbrecht assumes this role from Tom Schinella, current Vice President and Chief Financial Officer.

"Gary is a highly accomplished finance executive with broad experience in senior strategic finance roles, and we are pleased to have him join the Phillips-Medisize team," said President & CEO Matt Jennings. "Gary's leadership skills and proven track record in directing international finance organizations will be highly valuable to Phillips and Medisize as we continue to execute our strategic growth plans."

Willenbrecht previously served as Vice President Finance, Global Operations & Planning for Beckman Coulter, Inc., a leading global medical diagnostics and life science company with annual sales of over $3.7 billion. In his previous role, Willenbrecht was responsible for worldwide strategic financial planning and business performance management. During his 21 year career at Beckman Coulter, Gary has held finance leadership roles supporting operations, product development, supply chain, financial systems, mergers & acquisitions, and treasury and corporate planning. In addition, Willenbrecht has served international assignments in Europe and Canada. Prior to joining Beckman Coulter, Willenbrecht was Corporate Finance Manager for Nabisco Canada. Willenbrecht has an MBA from the University of Western Ontario, a professional accounting designation (CMA) from the Society of Management Accountants of Ontario, Canada and a bachelor of science from the University of Toronto majoring in microbiology and life sciences.

Mr. Willenbrecht said, "This is an exciting time to join Phillips, and the recent addition of European-based Medisize positions the company for rapid global growth. I am thrilled by the significant opportunities that lie ahead and look forward to working with the Phillips-Medisize team and contributing to the company's future success.”

About Phillips Plastics

Phillips Plastics Corporation ("Phillips") is a leading outsource provider of design and manufacturing services to the commercial and medical device and drug delivery markets. On August 12, 2011 Phillips completed the acquisition of Medisize, creating a global organization with annual sales of just under $500 million with 75% of the total revenues from drug delivery and medical device products such as: disposable insulin pens, glucose meters, specialty inhalation drug delivery devices and disposable minimally invasive surgical devices.

The combined Phillips-Medisize organization features a list of blue chip medical device and pharmaceutical customers and premier products. We pride ourselves in partnering with our customers to provide design and development services to accelerate the speed to market of innovative devices and deploy advanced automated assembly and quality control technologies to reduce cost of manufacturing and improve quality. Our core advantage is the knowledge of our people to integrate design, molding, and automation to drive low cost and high quality manufacturing solutions.

Phillips & Medisize together employ over 2,100 people in 19 locations throughout the United States, Europe and China. The company's headquarters are located in Hudson, Wisconsin, just 20 minutes east of Minneapolis/St Paul, and design centers are located in Wisconsin, California, and Ireland.

For more information, contact:

Lori Feiten
Phone – 715.386.4320
lori.feiten@phillipsplastics.com
www.phillipsplastics.com