Berry Plastics Completes Acquisition of Rexam’s Healthcare Containers and Closures Business

Name: Berry Global, Inc.
Address: 101 Oakley Street, Evansville, Indiana, 47710
Telephone: +1 (877) 662-3779
Price range: £000 - £0000000

June 02, 2014

EVANSVILLE, Ind.--(BUSINESS WIRE)--Jun. 2, 2014-- Today, Berry Plastics Group, Inc. (NYSE:BERY) announced that it has completed the previously announced acquisition of Rexam’s Healthcare Containers and Closures (C&C) business. Berry Plastics paid approximately $135 million for the Healthcare C&C business unit. The Company expects the acquisition, which was funded from existing liquidity, to be deleveraging after achieving synergies.

The Healthcare C&C business produces bottles, closures and specialty products for pharmaceutical and OTC (over-the-counter) applications. The transaction includes eight manufacturing locations - five in the United States and one each in Mexico, France, and India, with total employment of approximately 1,500 and 2013 sales of $262 million.

About Berry Plastics

Berry Plastics Group, Inc. is a leading provider of value-added plastic consumer packaging and engineered materials delivering high-quality customized solutions to our customers with annual net sales of $4.6 billion in fiscal 2013. With world headquarters in Evansville, Indiana, the Company’s common stock is listed on the New York Stock Exchange under the ticker symbol BERY. For additional information, visit the Company’s website at www.berryplastics.com.

Forward-looking statements

Certain statements and information included in this release may constitute "forward looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Berry Plastics to be materially different from any future results, performance, or achievements expressed or implied in such forward looking statements. Additional discussion of factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations is contained in the companies' SEC filings. The companies do not undertake any obligation to update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Source: Berry Plastics

Media:
Eva Schmitz, 812-306-2424
evaschmitz@berryplastics.com
or
Investor:
Dustin Stilwell, 812-306-2964
dustinstilwell@berryplastics.com

News & Insights

Berry Global Group, Inc. to Release Fourth Quarter and Fiscal Year 2024 Results on November 20, 2024

EVANSVILLE, Ind. --(BUSINESS WIRE)--Nov. 5, 2024-- Berry Global Group, Inc. (NYSE: BERY), announced today that it will release its fourth quarter and fiscal year 2024 results on Wednesday, November 20, 2024 , before trading begins on the New York Stock Exchange . At 10 a.m.

Berry Completes Spin-Off and Merger of its Health, Hygiene and Specialties Global Nonwovens and Films Business

EVANSVILLE, Ind. --(BUSINESS WIRE)--Nov. 4, 2024-- Berry Global Group, Inc. (NYSE: BERY) is pleased to announce the successful completion of the merger between Berry’s Health, Hygiene and Specialties Global Nonwovens and Films business (the “HHNF Business”) and Glatfelter Corporation, resulting in

Berry Declares Quarterly Dividend and Increases by Nearly 13%

EVANSVILLE, Ind. --(BUSINESS WIRE)--Oct. 30, 2024-- Berry Global Group , Inc.’s (NYSE: BERY) board of directors yesterday declared a quarterly cash dividend of $0.31 per share, a nearly 13% increase from the previous dividend amount, bringing the new annualized dividend to $1.24 per share.

Glatfelter Shareholders Approve Proposals Related to the Proposed Merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business With Glatfelter

Glatfelter Announces Reverse Stock Split Ratio and Anticipated Effective Date CHARLOTTE, N.C. & EVANSVILLE, Ind. --(BUSINESS WIRE)--Oct. 23, 2024-- Glatfelter Corporation (NYSE: GLT) (“Glatfelter”) and Berry Global Group, Inc. (NYSE: BERY) (“Berry”) announced today that Glatfelter’s shareholders

Let us serve you

If you'd prefer to call us: +1 (877) 662-3779
Contact information for our global facilities can be found via our locations page.

Tell us more about how we can serve you so we can connect you with the right person.

*Required for details, read our Privacy and Cookies Policy