BERRY PLASTICS
Acquisition of Pliant completed
Berry Plastics (Evansville, Indiana / USA; www.berryplastics.com) has completed its acquisition of Pliant (Schaumburg, Illinois; www.pliantcorp.com), which emerged from bankruptcy on 3 December 2009. The newly acquired business will be operated as Berry’s specialty films division and will be headed by David Corey, former COO of Pliant. Berry’s existing flexible films division is now known as the film products division.
Berry announced its intention to acquire Pliant in October 2009 – see Plasteurope.com of 20.10.2009. Private equity company Apollo Management (New York City / USA; www.apolloic.com) has a stake in both companies.
Berry announced its intention to acquire Pliant in October 2009 – see Plasteurope.com of 20.10.2009. Private equity company Apollo Management (New York City / USA; www.apolloic.com) has a stake in both companies.
09.12.2009 Plasteurope.com [215040]
Published on 09.12.2009