EXHIBIT 10.2

                        ASSIGNMENT OF CON  TRACTS
                                
                                
                                
              This Assignment of Contracts ("Assignment") is made as
   of  September 8, 1998 ("Effective Date"), between Plastics, Inc.,
   a Delaware corporation ("Assignor") and Prestige Plastics, Inc. a
   Minnesota  corporation  ("Assignee"), pursuant  to  that  certain
   Asset  Purchase  and Sale Agreement dated as of  July  31,  1998,
   among the Assignor, Home Products International Inc. ("HPI")  and
   Newell  Co.  ("Agreement").  Subsequent to the execution  of  the
   Agreement  HPI assigned all of its right, title and  interest  in
   the  Agreement to Assignee.  Capitalized terms not defined herein
   shall have the meanings assigned thereto in the Agreement.


                               RECITALS

   A.   Pursuant to the Agreement and certain other agreements being
   executed  and  delivered  to  Assignee  simultaneously  herewith,
   Assignor  is  selling,  transferring,  conveying,  assigning  and
   delivering the Assets subject to certain Liabilities.

   B.    Assignor  is the owner of all right, title and interest  in
   and  to  the contracts making up part of the Assets and described
   in Section 1.1(f) of the Agreement (the "Contracts").

   C.   Assignor now desired to transfer to Assignee all its rights,
   title and interest in the Contracts.


                                CLAUSES

        1.    Consideration.   For good and valuable  consideration,
   receipt   and   sufficiency   of  which   Assignor   specifically
   acknowledges, Assignor assigns, transfers and sells the Contracts
   to Assignee.

        2.     Warrant.   Except  as  otherwise  disclosed  in   the
   Agreement  or any exhibit or schedule attached thereto,  Assignor
   warrants that it has not previously assigned the Contracts,  that
   the Contracts are not subject to any valid Lien or encumbrance of
   any  Person, and that to Assignor's Knowledge, there is  no  fact
   which impairs the rights assigned.

        3.    No  Retained  Rights.  Assignor's  assignment  of  the
   Contracts  to  Assignee  under  this  Assignment  constitutes   a
   complete,  absolute and exclusive transfer of all rights  (legal,
   equitable, use and otherwise) in the Contracts, whether currently
   existing  or arising or recognized in the future.  Assignor  does
   not reserve or retain any rights.
   
        4.   Further Instruments.  Assignor may execute, acknowledge
   and  deliver to Assignee, such further instruments and  documents
   which relate to the Contracts as set forth in this Assignment  as
   Assignee may reasonably request from time to time or otherwise to
   give  notice  or evidence of Assignee's exclusive rights  to  the
   Contracts   and  all  claims  or  rights  thereunder.    Assignor
   acknowledges  and agrees that the Contracts constitute  the  sole
   and exclusive property of Assignee.

        5.     Successors  and  Assigns.   The  provisions  of  this
   Assignment shall be binding upon and inure to the benefit of  the
   parties  hereto  and  their respective  successors  and  assigns;
   Provided that no party may assign, delegate or otherwise transfer
   any  of  its rights or obligations under this Assignment  without
   the consent of the other party.

        6.    Governing Law.  This Assignment shall be construed  in
   accordance  with  and  governed by  the  laws  of  the  State  of
   Illinois, without reference to rules regarding conflicts of law.


        IN  WITNESS  WHEREOF, the parties hereto  have  caused  this
   Assighment to be executed as of the date first written above.
     
     
                                   PLASTICS, INC.

                                   By: /s/ Dale. L. Matschullat
                                   Name: Dale L. Matschullat
                                   Title:    Vice President




   ACCEPTED:

   PRESTIGE PLASTICS, INC.

   By:      /s/ James E. Winslow
   Name:         James E. Winslow
   Title:       Executive Vice President