AEP Industries investor KSA wants company to consider alternatives

By Lisa Kerner

Charlotte, N.C., Nov. 10 - AEP Industries, Inc. investor KSA Capital Management, LLC urged the company's board of directors to consider strategic alternatives for the company, including a possible sale.

KSA made its request in a Tuesday letter to president and chief executive officer J. Brendan Barba that was included in a schedule 13D/A filed with the Securities and Exchange Commission.

In addition, KSA asked Barba to change the current management because three senior positions are held by Barba family members, the filing said.

KSA beneficially owns 955, 267 shares, or 14.01%, of the South Hackensack, N.J., plastic packaging manufacturer's common stock.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.