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

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.

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