SOURCE: Spartech Corporation

Spartech Corporation

April 05, 2010 16:14 ET

Spartech Names Locke to Lead Procurement Activities

ST. LOUIS, MO--(Marketwire - April 5, 2010) -  Spartech Corporation (NYSE: SEH), a leading producer of plastics materials and packaging, announced today that Richard Locke has been named to the position of Vice President of Procurement. Mr. Locke will oversee the Company's procurement activities to better leverage our global purchasing and accelerate efforts to build a low cost-to-serve model.

"We continue to focus on building world-class supply chain and procurement functions at Spartech, directed at improving our overall cost structure, operating efficiencies and profitability," said Myles Odaniell, President and Chief Executive Officer. "Richard brings tremendous leadership and experience to our procurement function and has extensive direct experience with our supplier base and industry dynamics. We are pleased to have him join our team to lead this critical area and look forward to his contributions helping accelerate improvement in the Company's overall performance."

Mr. Locke, who has more than 25 years of experience in the procurement function, most recently was Vice President Supply Chain for Alcan Packaging Americas responsible for their supply chain and procurement function. He previously held similar leadership roles in Pactiv and Sweetheart Cup Company. Mr. Locke received a BA from the University of Maryland and a Masters Degree in Contract and Acquisition Management from Florida Institute of Technology.

Spartech Corporation is a leading producer of plastic products including polymeric compounds, concentrates, custom extruded sheet and rollstock products, and packaging technologies for a wide spectrum of customers. The Company's three business segments, which operate facilities in the United States, Mexico, Canada, and France, annually process approximately one billion pounds of plastic resins, specialty plastic alloys, and color and specialty compounds.

Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events and expectations and include statements containing such words as "anticipates," "believes," "estimates," "expects," "intends," "may," "would," "should," "will," "will likely result," "forecast," "outlook," "projects," and similar expressions. Forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which management is unable to predict or control, that may cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to, those risk and uncertainties described in Spartech's most recent Annual Report on Form 10-K, including under "Cautionary Statement Concerning Forward-Looking Statements" and "Risk Factors." These reports can be accessed through the "Investors" section of Spartech's website at www.spartech.com. Spartech assumes no responsibility to update forward looking statements, except as required by law. 

Contact Information

  • Company Contacts:
    Myles S. Odaniell
    President and Chief Executive Officer
    (314) 721-4242

    Randy C. Martin
    Executive VP and Chief Financial Officer
    (314) 721-4242