- Berry Plastics
Infobox_Company
company_name = Berry Plastics Corporation
company_
company_type = Private
foundation = 1967
location =Evansville, Indiana ,USA
key_people = Ira G. Boots, CEO
num_employees = 13,800
industry = Plastics
products =
revenue =
homepage = [http://www.berryplastics.com/ 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.
BPC Holdings
The company is the major subsidiary of BPC Holding Corporation. Funds associated with
Goldman Sachs control 60% of BPC Holding; funds associated withJ.P. Morgan Chase & Co. control 27%. [cite web | title=BPC Holding Corp. Company Profile | publisher=Yahoo Finance | url=http://biz.yahoo.com/ic/58/58196.html | accessdate=2006-12-25 ]In September 2006,
Apollo Management , L.P. andGraham Partners completed acquisition of BPC Holding Corporation from Goldman Sachs and J.P. Morgan. [cite web | title=Berry Plastics Press Release | Publisher=Berry Plastics | url=http://www.berryplastics.com/press.html | accessdate=2006-12-25 ]Mergers & Acquisitions
On
March 12 ,2007 , Berry Plastics announced it will merge with Covalence Specialty Materials Holding Corporation, aBedminster, New Jersey based plastics company. The newly merged company will retain the Berry Plastics name and be based in Evansville. [cite news| title=Combined company will keep the Berry name; corporate headquarters to remain in Evansville | publisher= Evansville Courier & Press | url=http://www.courierpress.com/news/2007/mar/13/combined-company-will-keep-the-berry-name-to-in/| accessdate=2007-03-14] The merger was completed onApril 3 ,2007 . With annual sales of $3 billion, it is one of the largest plastic packaging producers in the world. [cite news | title=Berry Plastics completes Covalence merger | publisher=Evansville Courier & Press | url=http://www.courierpress.com/news/2007/apr/03/berry-plastics-completes-covalence-merger/?ebj=1/ | accessdate=2007-04-03]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, Quebec ,Canada -based company specializing in injection molding. The following day Berry Plastics announced it was buying 100% of the stock of Captive Plastics ofNew Jersey for approximately $500 million cash. [ cite news| title=Berry Plastics buys N. J. plastic company | publisher=Evansville Courier & Press | url=http://www.courierpress.com/news/2007/dec/21/21web-Berry/ | accessdate=2008-09-16]References
poopie
External links
* [http://www.berryplastics.com/ Berry Plastics Website]
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