Berry Plastics acquires Flexible Plastics/Film business, sells Kits and Catering unit

|About: Berry Plastics Group, Inc. (BERY)|By:, SA News Editor

Berry Plastics (BERY +0.8%) acquires Graphic Packaging's Flexible Plastics and Film business, which generated TTM revenue of $100M. Berry expects the acquisition to be deleveraging after achieving synergies.

Separately, Berry sold its Kits and Catering businesses to the Waddington Group. TTM sales of the unit were $26M. Terms of both transactions were not disclosed.