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Materials M&A image Materials M&A » By The Online Investor Staff, updated Sat., Jul. 11, 3:12 AM Recent mergers and acquisitions in the Materials M&A category.

Slide #21. Berry Plastics Controlling Interest of Qingdao P&B Co., Ltd

Acquirer: Berry Plastics (NYSE:BERY)
Acquiree: Controlling Interest of Qingdao P&B Co., Ltd
Details: Today Berry Plastics Group, Inc. (NYSE:BERY) announced that its acquisition of the controlling interest of Qingdao P&B Co., Ltd (P&B) has been approved by the competent approval authority in China. Pending registration with the local company registry, which is expected to be completed by February 2014, Berry Plastics will own 75 percent of P&B, with a minority ownership position retained by Peter Song, who is the original founder of P&B and the current General Manager of the business. Song will remain in the same position going forward.

Berry Global Group is a supplier of a range of non-woven products used within consumer and industrial end markets. Co.'s segments are: Consumer Packaging International, which includes recycling, bottles and canisters, containers, polythene films, and technical components product groups; Consumer Packaging North America, which includes containers and pails, foodservice, and tubes product groups; Engineered Materials, which includes stretch and shrink films, converter films, food and consumer films, retail bags, polyvinyl chloride films, and agriculture films product groups; and Health, and Hygiene and Specialties, which includes health products, hygiene products, and specialties products.

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Company Name: 
Berry Global Group Inc
Website: 
www.berryplastics.com
Sector: 
Rubber & Plastics
Number of ETFs Holding BERY: 
44
Total Market Value Held by ETFs: 
$584.92M
Total Market Capitalization: 
$5.83B
% of Market Cap. Held by ETFs: 
10.03%
 

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Buy (3.36 out of 4)
58th percentile
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