January 26, 1999 CPI PLASTICS GROUP LIMITED/MENARDS INC. ENTER INTO SUPPLY AGREEMENT FOR PLASTIC DECKING SYSTEM DEAL MISSISSAUGA, ONTARIO - CPI Plastics Group Limited (“CPI”) today announced that it has entered into an agreement with Menards Inc. of Eau Claire, Wisconsin to supply ExtrudawoodÔ – The Complete Decking System. The Extrudawood™ outdoor decking system, manufactured of virgin plastic by CPI, exhibits all the natural warmth and beauty of wood without any of wood’s disadvantages – it lasts longer and is completely maintenance free, saving consumers untold hours and dollars required to maintain and refurbish conventional wooden decks. The system was successfully test marketed in 1999 in the U.S. Pacific Northwest and Southwest with excellent sell through rates at retail. This high level of consumer demand and acceptance has resulted in the rollout of the system across North America in 2000 and beyond. The Extrudawood™ system competes in the premium end of the multi billion dollar North American outdoor decking market. Plastic and composite decking materials account for only 5% of this market, but the segment’s triple digit growth rate will garner a rapid increase in market share over the coming years. Menards is the number one chain of home improvement centres in the U.S. Midwest and is ranked number three nationally. With over 145 stores and 2 distribution centres, Menards is the leading outlet for decking materials in its market area. CPI Plastics Group Limited, headquartered in Mississauga, Ontario, is an international leader in designing, engineering and manufacturing thermoplastic extrusions. The Company’s portfolio includes technologically advanced custom profile extrusions, film extrusions, and the revolutionary plastic wood replacement product – Extrudawood™. Principally serving the appliance, automotive, window covering and a variety of consumer markets, CPI has 6 manufacturing plants in Ontario, as well as 2 distribution facilities in the U.S. The Company employs more than 660 people. CPI is listed on the Toronto Stock Exchange, and trades under the symbol CPI. back to top