Berry Plastics will acquire Filmco

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Berry Plastics will acquire Filmco
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Monday, September 5, 2011
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Evansville, IN - Berry Plastics announced the acquisition of 100% of the common stock of LINPAC Packaging Filmco (“Filmco”) from LINPAC USA Holdings. Pursuant to the acquisition agreement, Berry paid approximately $19 million for Filmco, subject to certain customary adjustments. The company expects the acquisition to be immediately deleveraging. Filmco is a manufacturer of PVC stretch film packaging. The Filmco business has one manufacturing location in Aurora, OH and employs approximately 100 people. Filmco had 2010 annual net sales of $34 million.