Berry Plastics acquire 100% stake of Pliant Corp

07-Dec-09

Berry Plastics is a leading manufacturer and marketer of plastic packaging products in Indiana. Based in Indiana, the company has 80 manufacturing facilities worldwide and over 16,000 employees. Company announced that it has completed the previously announced acquisition of 100% of the common stock of Pliant Corporation. The newly acquired business will be operated as Berry's Specialty Films Division and will be run by R. David Corey, the former Chief Operating Officer of Pliant. Berry's current Flexible Films Division will now be known as the Film Products Division. Pliant Corporation is a leading producer of value-added film and flexible packaging products for personal care, medical, food, industrial and agricultural markets. Pliant operates 16 manufacturing facilities around the world, and employs approximately 2,800 people with annual net sales of US$0.9 billion for the twelve months ended September 30, 2009.