Berry Plastics

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Berry Plastics Corporation
Type Private
Founded 1967
Headquarters Evansville, Indiana, USA
Key people Dr. Jonathan ("Jon") Rich, CEO
Website www.berryplastics.com

In September 2006, Apollo Management, L.P. and Graham Partners completed acquisition of BPC Holding Corporation from Goldman Sachs and J.P. Morgan.[1]

Contents

[edit] Mergers & Acquisitions

In 1992, acquired the assets of the Mammoth Containers division of Genpak Corporation.

In 1995, acquired substantially all of the assets of Sterling Products, Inc., a producer of injection-molded plastic drink cups and lids, and Tri-Plas, Inc., a manufacturer of injection-molded containers.

In 1997, acquired (1) certain assets of Container Industries, Inc., a manufacturer and marketer of injection-molded industrial and pry-off containers, (2) PackerWare Corporation (“PackerWare”), a manufacturer and marketer of plastic containers, drink cups, housewares, and lawn and garden products, (3) substantially all of the assets of Virginia Design Packaging Corp., a manufacturer and marketer of injection-molded containers used primarily for food packaging, and (4) Venture Packaging, Inc., a manufacturer and marketer of injection-molded containers used in the food, dairy and various other markets.

In 1998, acquired all of the capital stock of Norwich Injection Moulders Limited (now known as Berry Plastics UK Limited) and substantially all of the assets of the Knight Engineering and Plastics Division of Courtaulds Packaging Inc., a manufacturer of aerosol overcaps.

In 1999, acquired all of the outstanding capital stock of CPI Holding Corporation, the parent company of Cardinal Packaging, Inc., a manufacturer and marketer of open-top containers.

In 2000, acquired all of the outstanding capital stock of (1) Poly-Seal Corporation, a manufacturer and marketer of closures and (2) Capsol S.p.a. (now known as Capsol Berry Plastics S.p.a.), a manufacturer and marketer of aerosol overcaps and closures.

In 2001, acquired all of the outstanding capital stock of Pescor Plastics, Inc., a manufacturer and marketer of drink cups, and in 2002, acquired the Alcoa Flexible Packaging injection molding assets from Mount Vernon Plastics Corporation.

In 2003, acquired (1) the 400 series continuous threaded injection molded closure assets from CCL Plastic Packaging, (2) the injection molded overcap lid assets from APM Inc., and (3) all of the outstanding capital stock of Landis Plastics, Inc., a manufacturer and marketer of open-top containers.

On April 11, 2005, a subsidiary of Berry, Berry Plastics de México, S. de R.L. de C.V., acquired all of the injection molding closure assets from Euromex Plastics, S.A. de C.V. (“Euromex”), an injection molding manufacturer located inToluca, Mexico.

On June 3, 2005, Berry acquired Kerr Group, Inc. (“Kerr”), a manufacturer and marketer of closures, bottles, vials, and tubes.

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.[2] 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.[3]

On April 11, 2007, Berry Plastics completed its acquisition of Rollpak. Rollpak is a flexible film manufacturer located in Goshen, Indiana

On December 20, 2007, Berry Plastics announced the acquisition of MAC Closures, a Waterloo, Quebec, Canada-based company specializing in injection molding.

On December 21, 2007, Berry Plastics announced it was buying 100% of the stock of Captive Plastics of New Jersey for approximately $500 million cash.[4]

In November 2008, Berry Plastics was the successful bidder to acquire certain assets of Erie County Plastics Corporation, a custom injection molder of plastics packaging and components.

On December 3, 2009, Berry Plastics announced that it had completed the previously announced acquisition of 100% of the common stock of Pliant Corporation, and that Pliant Corporation had emerged from bankruptcy effective December 3, 2009.

On December 31, 2009, Berry Plastics announced that it had completed the previously disclosed acquisition of 100% of the outstanding common stock of Superfos Packaging, Inc., which was a wholly owned subsidiary of Superfos a/s, located in Taastrup, Denmark.[citation needed]

On August 31, 2011, Berry Plastics acquired 100% of the common stock of Filmco from LINPAC USA Holdings, Inc., a subsidiary of the UK-based LINPAC Group. Filmco is a manufacturer of PVC stretch film packaging for fresh meats, produce, freezer and specialty applications

On September 1, 2011, Berry Plastics acquired 100% of the capital stock of Rexam SBC. Rexam SBC’s primary products include plastic closures, fitments and dispensing closure systems, and jars.

[edit] "666" lawsuit

As of November 2011 the company is the defendant in a lawsuit brought on by a former employee who claims he was sacked for refusing to wear a badge with the number "666 on it. The number was to signify the number of days the factory had gone without an accident, but the man, a Christian, believed wearing the badge with this number would condemn him to hell. At first he was given a three-day suspension but several days later he was fired. This took place in March 2009, and in August the man complained to the Equal Employment Opportunity Commission which granted him the right to sue the company. The lawsuit seeks punitive damages and back pay.[5]

[edit] References

[edit] External links

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