Mod-Pac Receives Proposal from Top Executives to Acquire the Company

BUFFALO, NY—Oct. 29, 2012—Mod-Pac Corp., a high value-added, on-demand print services firm that designs and manufactures custom and stock folding cartons, has received a formal proposal from Daniel G. Keane, director, president and CEO, and Kevin T. Keane, chairman of the board, to acquire the company. Under this proposal, all stockholders would receive $7.20 in cash for each of their shares in a merger transaction.