Berry Plastics (BERY) to Acquire AVINTIV in $2.45B Deal

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Go back to Berry Plastics (BERY) to Acquire AVINTIV in $2.45B Deal

Berry Plastics to Acquire AVINTIV Inc. Creating Global Leader in Plastics Packaging and Engineered Specialty Materials

July 31, 2015 8:00 AM EDT

Transformational acquisition will enhance Berry Plastics ability to capitalize on the rapidly growing global markets for hygiene and healthcare with products complementary to the Berry Plastics portfolio Expected annual cost synergies of $50 million Acquisition expected to be accretive to free cash flow and earnings

EVANSVILLE, Ind.--(BUSINESS WIRE)-- Berry Plastics Group, Inc. (Berry Plastics) (NYSE: BERY) and AVINTIV Inc. announced today that they have entered into a definitive agreement for Berry Plastics to acquire AVINTIV Inc. (AVINTIV) from private equity funds... More