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


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.

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