Berry Plastics
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| Berry Plastics Corporation | |
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| Type | Private |
| Founded | 1967 |
| Headquarters | Evansville, Indiana, USA |
| Key people | Ira G. Boots, CEO |
| Industry | Plastics |
| Employees | 13,800 |
| Website | www.berryplastics.com |
Berry Plastics a leading maker of injection-molded and thermoformed plastic products for hundreds of products in the following major product areas: open-top containers, closures, drink cups, bottles, tubes, prescription vials, overcaps, and consumer products. It was founded in 1967 in Evansville, Indiana.
Its containers hold items ranging from dairy products to chemicals. Closures include overcaps for aerosol cans and caps for food packaging, mouthwash, shampoos, and detergent containers.
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[edit] BPC Holdings
The company is the major subsidiary of BPC Holding Corporation. Funds associated with Goldman Sachs control 60% of BPC Holding; funds associated with J.P. Morgan Chase & Co. control 27%.[1]
In September 2006, Apollo Management, L.P. and Graham Partners completed acquisition of BPC Holding Corporation from Goldman Sachs and J.P. Morgan.[2]
[edit] Mergers & Acquisitions
On March 12, 2007, Berry Plastics announced it will merge with Covalence Specialty Materials Holding Corporation, a Bedminster, New Jersey based plastics company. The newly merged company will retain the Berry Plastics name and be based in Evansville.[3] The merger was completed on April 3, 2007. With annual sales of $3 billion, it is one of the largest plastic packaging producers in the world.[4]
On October 31, 2007, Berry Plastics laid out plans to bring 250 professional jobs as well as their corporate global headquarters to Evansville, Indiana in a multi-million dollar expansion of their existing facilities.
On December 20, 2007, Berry Plastics announced the acquisition of MAC Closures a Waterloo, Québec, Canada based company specializing in injection molding.
The following day Berry Plastics announced it was buying 100% of the stock of Captive Plastics of New Jersey for approximately $500 million cash.
[edit] References
- ^ BPC Holding Corp. Company Profile. Yahoo Finance. Retrieved on 2006-12-25.
- ^ Berry Plastics Press Release. Retrieved on 2006-12-25.
- ^ "Combined company will keep the Berry name; corporate headquarters to remain in Evansville", Evansville Courier & Press. Retrieved on 2007-03-14.
- ^ "Berry Plastics completes Covalence merger", Evansville Courier & Press. Retrieved on 2007-04-03.
[edit] External links
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