Berry Plastics Group (BERY) Misses Q3 EPS by 1c

Berry Plastics Group, Inc. Reports Third Quarter Fiscal 2015 Results

July 31, 2015 8:30 AM EDT

EVANSVILLE, Ind.--(BUSINESS WIRE)-- Berry Plastics Group, Inc. (NYSE: BERY) today reported results for its third fiscal 2015 quarter, referred to in the following as the June 2015 quarter:

Increased cash flow from operations by 50 percent to $180 million in the June 2015 quarter compared to $120 million in the same prior year quarter Recorded net loss per diluted share of $0.11 and adjusted net income per diluted share of $0.51 for the June 2015 quarter Increased operating EBITDA to $219 million (17.6 percent margin) for the June 2015 quarter compared to $212... More

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

July 31, 2015 8:07 AM EDT

CHARLOTTE, N.C., July 31, 2015 /PRNewswire/ -- AVINTIV Inc. ("AVINTIV") announced today that they have entered into a definitive agreement for Berry Plastics Group, Inc. ("Berry Plastics") to acquire AVINTIV from private equity funds managed by The Blackstone Group LP for approximately $2.45 billion in cash on a debt-free, cash-free basis.

Berry Plastics Group is a leading provider of value-added plastic consumer packaging and engineered materials delivering high-quality customized solutions to our customers with annual net sales of $5.0 billion in fiscal 2014. With world headquarters in Evansville, Indiana, the Company's common stock is listed on the New... More

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