SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
Date of Report (Date of earliest event reported): April 13, 1998
BPI Packaging Technologies, Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-10648 04-2997486
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification
Number)
455 Somerset Avenue, Dighton, Massachusetts 02764
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (508) 824-8636
(Former name or former address, if changed since last report)
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Item 5. Other Events
On March 31, 1998, the Company entered into a five-year Purchase
Agreement to sell exclusively to an international company thin, clear plastic
film for tissue overwrap (paper towels and bathroom tissue) in North America and
in certain foreign countries.
Under the terms of the Purchase Agreement, the Company has agreed to
supply up to $25 million of thin, clear film in each of the five years during
the term of the agreement and to increase the Company's capacity to produce
thin, clear film for tissue overwrap beyond $25 million annually upon prior
reasonable notice. The international company must purchase at least $5.0 million
in the first year and $10.0 million in each of the next four years of the
agreement to maintain its exclusive rights.
The international company has also agreed to immediately terminate its
research and development program for thin film for tissue overwrap.
The first shipment of thin, clear film under the agreement was made on
April 9, 1998.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
BPI PACKAGING TECHNOLOGIES, INC.
By:/s/ Dennis N. Caulfield
Dennis N. Caulfield
Chairman and Chief Executive Officer
Date: April 13, 1998
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