SOURCE: Industrial Info Resources

Industrial Info Resources

January 20, 2012 06:35 ET

AEP Industries Packs Punch in Fiscal Year 2011 With Stronger Prices, Major Acquisition, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jan 20, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- AEP Industries Incorporated (NASDAQ:AEPI) (Hackensack, New Jersey), a leader in multi-purpose and flexible packaging films, reported strong overall results for the company's fiscal year 2011. The year saw stronger volumes, an increase in selling prices, and the $25.9 million acquisition of Webster Industries, a manufacturer and distributor of private-label food and trash bags. Net income for the year was reported to be $12.39 million, compared with a net loss of $566,000 in fiscal 2010.

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