Berry Plastics Acquires Flexible Plastics and Film Business
Berry Plastics Group Inc. recently announced that it has finalized two transactions in support of the company’s strategic initiatives. On September 29, the company completed its acquisition of Graphic Packaging’s Flexible Plastics and Film business. On September 27, the company completed the sale of its Kits and Catering business.
Graphic Packaging’s Flexible Plastics and Film business generated approximately $100 million in revenue for the 12 months ended June 2013. The Graphic Packaging purchase includes facilities located in Des Moines, Iowa; Milwaukee, Wisc.; and Schaumburg, Ill. Approximately 270 individuals are employed at these facilities, where wraps, films, pouches, and bags are produced for the food, medical, industrial, personal care, and pet food markets. The newly acquired facilities will be operated in Berry Plastics’ Flexible Packaging Division.