Berry Plastics acquires 75% stake in Chinese packaging producer Qingdao P&B

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

Berry Plastics (BERY +0.2%) acquires 75% of China-based food and personal care packaging maker Qingdao P&B as the company moves to diversify into emerging markets. Terms were undisclosed.

P&B has annual revenue of $34M and has been a supplier to Berry for more than 7 years.