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                                                                      Exhibit 14

                            CODE OF BUSINESS CONDUCT

INTRODUCTION

The Plastipak Holdings, Inc. Code of Business Conduct ("Code") applies to all
representatives, Associates (defined as any person who is employed by the
Company), including but not limited to supervisors, managers, consultants,
directors, officers and any other persons whose business activities are
conducted for Plastipak Holdings, Inc. and/or any of its subsidiaries
(collectively, the "Company"). The Code requires all Associates of the Company
to act ethically when conducting the business of the Company. This Code provides
a summary of the conduct required from all Associates of the Company, and is a
source for guidance, modification, accountability for, and enforcement of its
provisions; and is hereby incorporated into the Company handbooks.

The integrity of the Company must not ever be compromised for the personal
benefit of an Associate, Customer or Supplier. Early identification and
resolution of ethical issues are critical to maintaining our commitment to
ethical business practices. If you are unsure of what to do in any situation,
seek additional guidance and information from the Company's designated Chief
Compliance Officer identified on the Company's website. You may remain
anonymous.

You are responsible to know and comply with the provisions of the Code. Failure
to comply with the Code could result in disciplinary action, up to and including
termination of employment. In addition, violation of the Code may also be a
violation of either civil or criminal law and may result in civil or criminal
penalties for you, your supervisor, and the Company. Company policy and the law
prohibit retaliatory action against any Associate for reporting suspected
violations of the Code or for raising legitimate concerns or questions regarding
ethics matters.

This Code does not constitute a contract of employment for a definite term or a
guarantee of continued employment.

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                                                                      Exhibit 14

CONFLICTS OF INTEREST

It is fundamental to this Code that the conduct of all business dealings of the
Company be carried out in the best interest of the Company and within
appropriate ethical and legal boundaries. Associates should not have personal
interests that conflict with the interests of the Company.

Financial Interests and Investments in Suppliers, Customers and Competitors

THIS CODE PROHIBITS FINANCIAL CONFLICTS OF INTEREST RELATED TO INVESTMENTS IN OR
OTHER INTERESTS IN SUPPLIERS, CUSTOMERS AND COMPETITORS. THE PROHIBITIONS
CONTAINED IN THE CODE IN THIS RESPECT APPLY NOT ONLY TO THE ASSOCIATE, BUT ALSO
APPLY TO ANY IMMEDIATE FAMILY MEMBERS LIVING IN THE SAME HOUSEHOLD AS THE
ASSOCIATE. THE CODE PROHIBITS A CONFLICT OF INTEREST OR THE APPEARANCE OF A
CONFLICT OF INTEREST. AN ASSOCIATE MUST SUBMIT TO THE CHIEF COMPLIANCE OFFICER
ANY FACT SITUATION THAT IS, OR POTENTIALLY CONSTITUTES, A CONFLICT OF INTEREST
OR THE APPEARANCE OF A CONFLICT OF INTEREST. THE COMPLIANCE OFFICER WILL
DETERMINE THE COURSE OF ACTION REQUIRED BY THIS CODE.

Some examples of a financial interest prohibited by this Code are a financial
interest or investment in any entity (by an officer of the Company, or an
Associate that is involved in the procurement of goods and services, or who
influences the decisions made regarding the selection of a particular vendor or
supplier of goods or services) that (a) competes with; (b) is a supplier to; or
(c) is a customer of the Company. This does not include investments that are (a)
held through a publicly traded mutual fund; or (b) equal to or less than
$25,000, provided that any changes in value above the limit during the year are
not the result of additional investment by the Associate. Associates in the
category described in this paragraph must disclose to the Chief Compliance
Officer any investments or financial interests of this nature annually by
October 1st of each year. For other Associates, there is no limit to the
investment or financial interest in the publicly traded securities of suppliers
or customers and no disclosure requirement under the Code.

Any investments made prior to the Associate becoming employed by the Company may
be retained provided the Associate registers the investment with the Chief
Compliance Officer at the time this policy is effective and provided no
additional investment is made during the time the Associate is employed by the
Company.

In instances where the application of this policy results in extreme hardship,
the Associate may request the Chief Compliance Officer seek a waiver from the
Board of Directors of the Company.

All officers of the Company and Associates that are paid on the executive
payroll are required to disclose annually (prior October 1st of each year) all
of their investments (whether or not they are competitors, suppliers, or
customers) by name, but not by amount. All Associates must disclose all
investments that are or may be prohibited by this Code (competitor, supplier or
customer) annually by furnishing a list to the Chief Compliance Officer of the
names of the investment and other pertinent details. The Chief Compliance
Officer must determine whether or not a conflict of interest exists, and what
action, if any, is required of the Associate in regard to that investment or
interest.

Affiliated Transactions

The Company's policy is to purchase goods and services on the basis of price,
quality, availability, terms and services. While we prefer to deal with
Plastipak's affiliated companies where possible, any transactions with
affiliated entities are required to be at arm's-length terms and competitive to
the marketplace.

Limitations on receipt of gifts, gratuities and trips

No Associate or family member living in the same household shall accept from any
current or prospective vendor, supplier, customer or competitor any loans,
trips, entertainment, gifts, or other gratuities, including meals, except of a
token amount, defined as having a value of $250.00 or less. No written
disclosure of token items is required, provided that such items in the aggregate
or from one source do not exceed $1,000 in any year. Associates with procurement
or sales responsibilities shall not accept any items, except those of a token
amount, with the exception of trips pre-approved by the Chief Compliance
Officer. An example of a trip that would require the prior approval of the Chief
Compliance Officer would be a trip to a vendor or supplier to inspect or review
a product or manufacturing facility.

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<PAGE>

                                                                      Exhibit 14

Business Opportunities, Fair Dealing and Full Disclosure

An Associate is prohibited from taking for his or her own benefit a business
opportunity that in fairness belongs to the Company. Some examples of this would
be:

-        the acquisition of an interest in real estate known by the Associate to
         be of interest or benefit to the Company;

-        accepting a business opportunity from someone doing business with the
         Company that is made available to the Associate because of his or her
         position with the Company; or

-        engaging in a business opportunity with the Company through an entity
         in which the Associate has an undisclosed interest.

Similarly, an Associate is prohibited from using information to which he or she
has access by virtue of his or her position in the Company for his or her
personal interest to the detriment of the Company's interest. An Associate is
strictly required to maintain all confidential information of the Company, and
prohibited from taking advantage of anyone through misrepresentation or omission
of material facts, manipulation of information, or any other unfair dealing.

Restrictions on employees rendering services to outside organizations and
accepting remuneration for outside services

Associates may not accept outside employment with, or compensation from, a
competitor, vendor, supplier, or customer of the Company, under circumstances
that would cause confusion in our customers between the goods and services being
provided by the Associate and the goods and services being provided by the
Company. No Associate compensated under the executive payroll will render
professional services to or act as a consultant or advisor to, or act as an
agent of or for any organization that is not part of the Company or its
affiliates. Nothing in this Code prohibits Associates from participating in
trade or professional associations, religious or charitable organizations,
government entities (including elected and appointed political offices) or
industry research organizations. Other Conflicts of Interest

No statement of policy can address all situations that may present a conflict of
interest for our Associates. The Company must rely on the character, integrity
and judgment of its Associates to avoid situations that may create a conflict of
interest or the appearance of a conflict of interest. In situations not
specifically addressed in this Code, or in instances in which Associates need
additional guidance or explanation regarding a particular situation, Associates
are encouraged to consult their immediate supervisor or to contact the Chief
Compliance Officer.

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                                                                      Exhibit 14

CONFIDENTIALITY, INTELLECTUAL PROPERTY, MISAPPROPRIATION OF ASSETS

This Code requires Associates to protect sensitive corporate information and
prohibits Associates from disclosing it to unauthorized individuals or from
using it for their personal gain. The sensitive information of the Company
includes, but is not necessarily limited to, the following categories: (a)
plans, strategies, tactics or organizational structure not announced to the
public; (b) technologies and know-how, whether or not patented or capable of
being patented; (c) financial data or the results of operations not publicly
reported or subject to reporting requirements; (d) personal information
regarding any Associate of the Company, whether currently employed or formerly
employed; or (e) any material aspects of any contract to which the Company is a
party. Exceptions to this general policy include disclosure to attorneys,
accountants and other professionals working on behalf of the Company. Any and
all subpoenas of or for information received by an Associate should be forwarded
to the Legal Department for review and response. Any Associate who is unsure
whether information is sensitive corporate information should consult the Chief
Compliance Officer for clarification prior to disclosure.

All Company assets, including phones and computers, are used for legitimate
Company business and it is the obligation of every Associate to appropriately
safeguard them from waste, damage, tampering, or theft. Theft of Company
property or the willful falsification of Company documents for the personal gain
of an Associate is prohibited and may subject the Associate to criminal
prosecution and disciplinary action. This Code prohibits the use of the
Company's name, facilities, or relationships for personal benefit or for outside
work. Use of the Company's name, facilities or relationships for charitable or
pro bono work can be made only with prior approval from the Chief Compliance
Officer. Each and every Associate must follow the Company's policies with
respect to phone and computer use.

Company information systems, as well as the Company's manufacturing
capabilities, capacities and all technology and know-how are part of the
Company's proprietary information and subject to all confidentiality provisions
contained in this Code.

Our customer's trust is one of our most important assets. You are required,
therefore, to safeguard any financial or other confidential information that you
learn about our customers, and you may only use customer information for the
reason for which the information was gathered.

Any and all innovations created and information generated as part of your
employment relationship are the exclusive property of the Company and cannot be
used for any other purpose without the express written consent of the Company.
Copying, selling, using or distributing the Company's information, software and
other forms of intellectual property are strictly prohibited by the Code. Upon
termination of employment with the Company, Associates are required to return
all Company property to the Company. To the extent permitted by applicable law,
the Company reserves the right to withhold from Associates compensation or other
payments until all Company property has been returned.

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<PAGE>

                                                                      Exhibit 14

EEOC, OSHA AND COMPANY POLICIES ON WORKPLACE VIOLENCE, CONTROLLED SUBSTANCES AND
ALCOHOL

This Company strictly prohibits discrimination for or against any Associate
because of age, sex, race, religion, creed, color, national origin, ancestry,
disability, gender, sexual orientation, marital status, or covered veteran
status, and strictly prohibits actions constituting unlawful discrimination,
including sexual harassment.

"Sexual harassment" is defined by regulation as: unwelcome sexual advances,
requests for sexual favors and other verbal or physical conduct of a sexual
nature when: (1) submission to such conduct is made either explicitly or
implicitly a term or condition of an individual's employment; (2) submission to
or rejection of such conduct by an individual is used as the basis for
employment decisions affecting such individual; or (3) such conduct has the
purpose or effect of unreasonably interfering with an individual's work
performance or creating an intimidating, hostile or offensive working
environment.

Prohibited racial and national origin harassment includes but is not necessarily
limited to the following: racial, ethnic slurs or other verbal or physical
conduct relating to an individual's race or national origin when this conduct
(1) has the purpose or effect of creating an intimidating, hostile or offensive
working environment; (2) has the purpose or effect of unreasonably interfering
with an individual's work performance; or (3) otherwise adversely affects an
individual's employment opportunities.

An Associate who may be the victim of sexual harassment or racial or national
origin harassment should contact the Chief Compliance Officer or any Human
Resources representative directly or through the Company "Open Line" system
defined more specifically in the Company handbook. Any complaint will be
appropriately investigated and appropriate action will be taken.

Further, this Code strictly prohibits coercion, intimidation, interference or
discrimination against any Associate for filing a complaint alleging
discrimination or harassment or assisting in an investigation of any allegations
of discrimination or harassment. Associates are protected under federal and
applicable state or local "whistleblower" protection laws for providing
information in accordance with these statutes and regulations, and this Code
prohibits retaliation against any Associate for providing this information
appropriately.

Associates are required to respect the dignity of the individual, nurture and
support diversity, facilitate training and career development through
educational programs, both internal and external, and mentoring, and promote
Associate fulfillment, and accommodate a balance of career and family
commitments.

It is every Associate's responsibility to promote and provide a safe, clean and
productive environment in which to work. This Code adopts "zero-tolerance" for
workplace violence committed by or against any Associate. This prohibition
includes, but is not necessarily limited to the following: (a) engaging in acts
of violence or threatening to engage in acts of violence; or (b) conduct or
behavior that causes an Associate to reasonably believe that he or she is to be
the object of violence. All incidents reported will be investigated promptly and
appropriate disciplinary action will be taken. The Company will assist the
police and judicial system and support criminal prosecution of Associates (or
other individuals) found by investigation to have violated this Code.

The Company strictly prohibits the possession of any firearm by an Associate on
Company property.

An Associate is strictly prohibited from the following acts: (a) drinking
alcoholic beverages during the time the Associate is being paid by the Company;
(b) drinking alcoholic beverages on Company property; and (c) transporting or
bringing alcoholic beverages onto Company property or being in possession of
alcoholic beverages while on Company property.

It is also the Company's intent to provide a drug-free work environment. The
unlawful manufacture, distribution, dispensation, possession or use of
controlled substances in the workplace is strictly prohibited. Associates are
required to notify the Chief Compliance Officer of any criminal drug statute
convictions for a violation occurring in the workplace within five days of such
conviction.

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<PAGE>
                                                                      Exhibit 14

ANTI-TRUST LAWS AND TYING ARRANGEMENTS

Fundamental anti-trust law prohibits business practices that restrain free
trade. The goal of the law is to permit free trade and free competition to work
in the business world to provide support of the free enterprise business system
for the advantage of the consumer.

It is a violation of the law to do any of the following:

         (a)      Allocate either customers or markets between or among
                  suppliers;

         (b)      Place restrictions on production;

         (c)      Fix prices for products among horizontal competitors;

         (d)      Enter into agreements that unduly limit a customer's ability
                  to sell a product or service, including setting the price at
                  which the customer may market that product or service;

         (e)      Tying arrangements;

         (f)      Conduct activity to monopolize a market or reduce competition
                  in, including pricing a product below cost in order to
                  eliminate or reduce competition;

         (g)      Use illegal or unethical means to gather information about
                  competitors;

         (h)      Stealing proprietary information or obtaining proprietary
                  information without the owner's consent; or

         (i)      Inducing disclosure of proprietary information by past or
                  current employees of other companies.

Therefore, there should never be discussions of these issues by any of our
Associates with directors, owners, or associates of competitors. This issue is
particularly sensitive if you are a representative of the Company in any trade
association or meeting of members of our industry. Even seemingly innocent
conversations can have serious consequences.

Tying arrangements, whereby customers must purchase or provide a product or
service, as a condition for another product or service being made available is,
in certain instances, illegal. If you have a question in this area, it is
imperative that you contact the Chief Compliance Officer to resolve the issue.

Wage and hour laws apply to every Associate, either because the Associate is or
is not covered by certain provisions of those regulations. The regulations are
both federal and state. The regulations are designed to ensure certain levels of
compensation determined by the function and hours of work provided by an
Associate. The Company strictly adheres to these regulations. It is a
requirement that all Associates be compensated in accordance with these
regulations. No Associate will endeavor to intentionally mis-apply the
regulations either for his or her own benefit or for the benefit of the Company.
If you have any questions in this regard, please contact the Chief Compliance
Officer or the Human Resources Department.

The Company is committed to dealing fairly with its competitors, customers,
suppliers, and Associates. No person is permitted to take unfair advantage of
anyone through manipulation, concealment, abuse of confidential information,
misrepresentation of material facts or other unfair dealing.

                                       6
<PAGE>

                                                                      Exhibit 14

FINANCIAL BOOKS AND RECORDS AND ACCOUNTING PRACTICES

All officers, including in particular the Chief Executive and Chief Financial
Officers, as well as all Associates with responsibilities involving the
Company's financial books and records, are expected to observe and comply with
generally accepted accounting principles, the system of internal controls and
disclosure controls and procedures established by the Company, and provisions of
the Foreign Corrupt Practices Act requiring that the Company's books and records
accurately and fairly reflect in reasonable detail the financial condition and
results of operations of the Company. Company policies are intended to promote
full, fair, accurate, timely and understandable disclosure in reports and
documents filed with or submitted to the SEC and in the Company's public
statements. In furtherance of these requirements:

-        no false, misleading or artificial entries shall be made on corporate
         books, records and reports for any reason;

-        no undisclosed or unrecorded corporate funds or assets shall be
         established for any purpose; and

-        no payments from corporate funds or other assets shall be approved or
         made with the intention or understanding that any part of such payment
         will be used for any purpose other than that described by the documents
         supporting the payment. All payments must be supported with
         appropriately approved purchase orders, invoices or receipts, expense
         reports or other customary documents, all in accordance with
         established policy.

Each Associate is responsible for reporting any apparent weakness in the system
of accounting controls, circumvention of accounting controls, failure to follow
the policies and procedures established by the Company, or suspicious or unusual
accounting or budget entries to the attention of the Manager of the department
or the Chief Compliance Officer.

                                       7
<PAGE>

                                                                      Exhibit 14

U.S. FOREIGN CORRUPT PRACTICES ACT;
ANTI-MONEY LAUNDERING COMPLIANCE;
U.S. EMBARGOES AND SANCTIONS

The U.S. Foreign Corrupt Practices Act ("FCPA") is a law that prohibits giving
money or other things of value to foreign government officials or foreign
government representatives, with the intent of influencing the official's
actions to obtain or retain business for the Company or to seek an improper
advantage. It prohibits such payments directly or indirectly by the Company.

The following types of payments are strictly prohibited by the FCPA: (a)
payments to Associates and their families (or any person, company or
organization or any representative of any such person, company or organization)
related to business transactions involving the Company; (b) direct or indirect
bribes, kickbacks, or other questionable legal, illegal, improperly recorded or
erroneously deducted payments, regardless of form, whether in money, property or
services, for the purposes of obtaining any favorable treatment in securing
business or to otherwise obtain special concessions; (c) payments for favorable
treatment for business secured or for special concessions already obtained in
the past that are made to any government official or employee, or family of a
government official or employee (domestic or foreign, and whether on the
national or local level), regulatory agency, government-controlled business,
corporation, company or society (or any representative of any such person,
company or organization).

If any Associate has any information, knowledge or belief that this Code is
being violated, the Associate is required to report it immediately to the Chief
Compliance Officer for investigation. If an Associate has any uncertainty about
facts or circumstances, the Associate should seek the advice of the Chief
Compliance Officer.

The Chief Financial Officer is responsible for providing and maintaining a
system of controls to assure compliance with the FCPA. In addition, the audit of
the Company's financial statements shall include evaluation of the Company's
compliance with the FCPA. Payments permitted under 78dd-1(b) of the FCPA are
payments to foreign officials to expedite or secure the performance of a routine
governmental action, and may be made only with the express prior approval of the
Chief Compliance Officer.

Money laundering is the process of converting proceeds from illegal activity so
that funds are made appear to be legitimate. This conversion is not limited to
cash transactions. The more the Company becomes involved in international
business, the more vulnerable the Company becomes in this area of concern. It is
important, therefore, for each Associate to conduct reasonable and appropriate
due diligence prior to entering into business transactions with new customers or
suppliers.

Since September 11, 2001, the government and foreign agencies have identified
individuals and organizations that may be linked to terrorist activities and
passed laws restricting individuals, corporations or foreign subsidiaries from
doing business with countries, groups and individuals associated with terrorist
activity or narcotics trafficking. The Company fully supports and will comply
with economic sanctions and embargoes and other laws facilitating the attainment
of the objectives of stopping terrorist activity or narcotics trafficking.

                                       8
<PAGE>

                                                                      Exhibit 14

ENVIRONMENTAL ISSUES

All Associates are to protect the environment in the locations where the Company
has facilities and operations, and to preserve them for the benefit of the
communities in which we serve and which serve our business needs. We are
committed to doing business in an environmentally responsible manner and
identifying environmental risks that may be associated with our manufacturing
operations.

CODE ACCOUNTABILITY, ADHERENCE, REPORTING AND PENALTIES

The Board of Directors of the Company designates a Chief Compliance Officer who
acts as a single point of contact for any Associate or third party, including
government agencies, or law enforcement agencies, having concerns or questions
about compliance with this Code. Associates are free, however, to address
questions directly to their supervisors. The Chief Compliance Officer will
handle concerns about potentially unethical behavior by any Associate, customer,
or supplier on a confidential basis. The identity of the Chief Compliance
Officer will be continuously posted electronically and displayed and listed
throughout the Company.

Direct contact with the Chief Compliance Officer can be effected by calling the
designated 800 number, or by sending a letter to the Chief Compliance Officer
at: Chief Compliance Officer, Plastipak Holdings, Inc., 41605 Ann Arbor Road,
Plymouth, Michigan 48170. Associates can request copies of the Code from the
Chief Compliance Officer or from the Human Resources Department. The Code is
additionally available on line at the Company Website (www.plastipak.com).

Associates must communicate honestly and conduct the Company's business with the
highest standards of ethics, trust, and integrity. All Associates of the Company
as a condition of employment are required to follow the rules of conduct
contained in this Code of Business Conduct. Additionally, all Associates of the
Company are responsible to raise questions about compliance with the Code if
conditions arise that cause concern, and to report suspected violations of this
Code to the Chief Compliance Officer designated by the Company.

All concerns or complaints will be investigated promptly and appropriate action
taken. In investigating any alleged violation of this Code, the Chief Compliance
Officer may collect information, through any lawful means, either directly or
indirectly, including requiring an Associate (or family member living in the
same household), vendor or supplier to provide information, requested by the
Chief Compliance Officer and determined necessary or helpful in determining
compliance with this Code. It is the Associate's responsibility to provide the
requested information. In addition, the Chief Compliance Officer may require any
Associate to certify from time to time that he or she is complying with all of
the provisions of this Code.

Any Associate who fails to comply with the requirements of this Code of Business
Conduct is subject to disciplinary action, up to and including termination of
employment.

                                       9
<PAGE>

                                                                      Exhibit 14

POLITICAL, GOVERNMENTAL AND CIVIC ACTIVITIES AND CONTRIBUTIONS

All Associates are expected to be good citizens, and are encouraged to provide
charitable giving and voluntary service to our communities, our state and the
other states and nations in which the Company conducts its business. Associates
are encouraged to participate in government organizations, boards, commissions,
committees, and councils, and may be permitted to be elected or appointed to
political office at the state, local, or national level so long as their duties
do not conflict with their responsibilities to the Company. Associates who wish
to be elected or appointed to political office must obtain the approval of the
Company beforehand.

Activity covered under this section of the Code may not be conducted on Company
property or when the Associate is being paid for his or her services (on Company
time). No Company funds, assets or resources shall be contributed to candidates
of a political party and the law prohibits financial support by the Company of
an Associate's political activity. The Associate may participate in political
and governmental activities as a personal matter, and generally outside of the
Associate's work time and not as a representative of the Company. Further, this
participation is expected not to detract from an Associate's ability to perform
his or her Company responsibilities.

Any Associate elected or appointed to political office or the participation of
any Associate in political activities, including economic contributions to
causes or candidates, must conduct these activities in strict compliance with
law and in accordance with Company rules. It would not be appropriate for an
Associate to participate in the approval of or negotiation of an agreement
between the Company and a political body in which the Associate is a political
official.

No Associate will coerce any other Associate to participate in any political
activity or in any Political Action Committee.

                                       10
<PAGE>

                                                                      Exhibit 14
WAIVERS AND AMENDMENTS

Any requests for waivers of the Code for Associates who are not executive
officers must be directed through your supervisor to the Chief Compliance
Officer. Requests for waivers for directors and executive officers must be
directed to the Board of Directors through the Corporate Secretary. Only the
Board of Directors may waive the applicability of the Code for a director or
executive officer. Any waiver granted to directors or executive officers,
including the Chief Executive Officer and Chief Financial Officer, and the
reasons for granting the waiver, and any change in the Code applicable to
directors and executive officers, including the Chief Executive Officer and
Chief Financial Officer, must be promptly disclosed to the public as required by
law.

The Board of Directors must approve any amendments to the Code. If any officer,
manager, director, or supervisor attempts to modify the provisions of this Code
orally, or to direct action that appears to be in conflict with the provisions
of this Code, it is the responsibility of any Associate who becomes aware of
such attempted modification or action to immediately inform the Chief Compliance
Officer of this circumstance.

Associates are expected to know and follow the provisions of this code when
conducting any Company business.

                                       11

<PAGE>

                                                                      Exhibit 14

ACKNOWLEDGEMENT PAGE AND SIGNATURE

I hereby confirm that I have received and read the Code of Business Conduct, and
that I understand my obligations contained in it. If I have any questions in
regard to my obligations under the Code, I will refer them to the Chief
Compliance Officer.

______________________________
Print Associate's Name

Associate's Signature:

______________________________

______________________________
Location

Date: ________________________

                                       12