EVANSVILLE, Ind.--(BUSINESS WIRE)--May 3, 2016--
Berry Plastics Group, Inc. (NYSE:BERY) today announced that it is
planning for an investment in a state-of-the-art asset to provide an
incremental 16,000 metric tons (16 KMT) of capacity serving the North
American markets. This investment, that will be a part of the Company’s
Health, Hygiene, and Specialties Division, is targeted to meet
forecasted customer growth and will be focused on premium applications
in desired hygiene and healthcare markets. Berry Plastics will conduct a
search for the best location for the investment. Current projections are
for startup in 2018, aligned with customer demand and the Company’s
current production capacities and expected growth.
“This exciting news demonstrates strong commitment to our customers'
growth, as well as advances our prominent market position in hygiene and
healthcare material solutions,” said Larry Goldstein, North America
President of Berry Plastics’ Health, Hygiene, and Specialties Division.
About Berry Plastics
Berry Plastics Group, Inc. is a leading provider of value-added plastic
consumer packaging and engineered specialty materials delivering
high-quality customized solutions to our customers. The Company’s world
headquarters is located in Evansville, Indiana, with pro forma net sales
of $6.7 billion in fiscal 2015 and is listed on the New York Stock
Exchange under the ticker symbol BERY. For additional information, visit
the Company’s website at www.berryplastics.com.
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Source: Berry Plastics Group, Inc.
Berry Plastics Group, Inc.
Eva Schmitz, 812-306-2424