Berry Plastics
3306012
221318100
2008-06-24T00:20:49Z
Cydebot
1215485
Robot - Removing category Companies with current or prior private equity ownership per [[WP:CFD|CFD]] at [[Wikipedia:Categories for discussion/Log/2008 June 10]].
{{Infobox_Company |
company_name = Berry Plastics Corporation |
company_logo = [[Image:berryplastics.gif]] |
company_type = [[Private company|Private]] |
foundation = 1967 |
location = [[Evansville, Indiana]], [[USA]] |
key_people = Ira G. Boots, [[Chief Executive Officer|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 with [[J.P. Morgan Chase & Co.]] control 27%.<ref>{{cite web | title=BPC Holding Corp. Company Profile | publisher=Yahoo Finance | url=http://biz.yahoo.com/ic/58/58196.html | accessdate=2006-12-25 }}</ref>
In September 2006, [[Apollo Management]], L.P. and [[Graham Partners]] completed acquisition of BPC Holding Corporation from Goldman Sachs and J.P. Morgan.<ref>{{cite web | title=Berry Plastics Press Release | Publisher=Berry Plastics | url=http://www.berryplastics.com/press.html | accessdate=2006-12-25 }}</ref>
==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.<ref>{{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}}</ref> 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.<ref>{{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}}</ref>
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.
==References==
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==External links==
*[http://www.berryplastics.com/ Berry Plastics Website]
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[[Category:Companies based in Evansville, Indiana]]