Berry Plastics

History

In Evansville, Indiana, a company named Imperial Plastics was founded in 1967. In the beginning the plant employed three workers and produced aerosol caps using one injection molding machine (in 2017 more than 2400 employees worked for Berry Global in Evansville). The company was purchased by Jack Berry Sr. in 1983.

In 1987 the company made its first expansion outside Evansville, opening its second plant, in Henderson, Nevada.

In recent years, Berry has completed several acquisitions including Mammoth Containers, Sterling Products, Tri-Plas, Alpha Products, PackerWare, Venture Packaging, Virginia Design Packaging, Container Industries, Knight Engineering and Plastics, Cardinal Packaging, Poly-Seal, Landis Plastics, Euromex Plastics S.A. de C.V., Kerr Group, Covalence Specialty Materials,(the former Tyco Plastics & Adhesives business), Rollpak, Captive Plastics, MAC Closures, Superfos, and the Pliant Corporation.

Landis Plastics, Inc. was based in Chicago Ridge, Illinois, with five domestic facilities supporting North American customers, manufacturing injection molded and thermoformed plastic packaging for dairy and other food products. Landis had experienced robust organic sales growth of 10.4%(1) over its last 15 years, before its purchase by Berry Plastics in 2003. During 2002, Landis generated $211.6 million of net sales.

In September 2011, Berry Plastics acquired 100% of the capital stock of Rexam SBC for an aggregate purchase price of $351 million ($340 million, net of cash acquired), financing the purchase with cash on hand and existing credit facilities. Rexam produces rigid packaging, notably plastic closures, fitments and dispensing closure systems, and jars. The acquisition was accounted for under the purchase method of accounting, accordingly allocating the purchase price to the identifiable assets and liabilities based on estimated fair values at the acquisition date. In July 2015, Berry announced plans to acquire Charlotte, North Carolina–based AVINTIV for $2.45 billion cash.