|
|
|
BERRY PLASTICS ACQUIRES ROLLPAK
|
|
EVANSVILLE, INDIANA, April 11, 2007 - Berry Plastics Corporation
("Berry Plastics"), an Apollo Management VI, L.P. and Graham
Partners II, L.P., portfolio company today announced that
it has acquired 100% of the outstanding common stock of Rollpak
Acquisition Corporation ("Rollpak") a flexible film manufacturer
located in Goshen, Indiana. Terms of the transaction were
not disclosed. The purchase price was funded utilizing existing
Berry Plastics credit facilities and funds generated by operations.
|
| |
| "We're delighted to have acquired Rollpak
Corporation from Dale and Gary Weaver. The Weavers and their
employees have built an extremely successful company with an
outstanding reputation for product quality and industry-leading
customer service. We look forward to working with the Rollpak
employees, utilizing their progressive skills and customer servicing
abilities. The addition of Rollpak's product lines and manufacturing
location with the recently acquired business of Covalence Specialty
Materials Corporation will further strengthen our institutional
can liner product offering and enable us to leverage the industry
leading manufacturing best practices of both companies, while
expanding our customer base" stated, Ira Boots, Chairman & CEO.
"We are very excited about the additional opportunities that
Rollpak will bring to Berry Plastics and our customers as we
continue to solidify our position as a global plastic packaging
supplier offering a unique supply chain to the many markets
we serve." |
| |
| Dale Weaver, Chief Executive Officer of Rollpak,
stated, "We are excited about Berry Plastics' acquisition of
Rollpak. Not only do the two companies share similar cultures,
but the added scale and financial resources of the Berry Plastics
organization brings enormous benefits to our customers, employees,
suppliers, and community. Gary and I look forward to partnering
with the Berry Plastics' management team to grow the business
on a much broader scale and to capitalize on the abundant opportunities
that the combination of Rollpak with Berry Plastics will create." |
| |
| About Berry Plastics |
| Berry Plastics is a leading manufacturer and
marketer of plastic packaging products. Berry Plastics is a
major producer of a wide range of products, including open top
and closed top packaging, polyethylene-based plastic films,
industrial tapes, medical specialties, packaging, heat-shrinkable
coatings and specialty laminates to over 17,000 customers, ranging
from large multinational corporations to small local businesses.
In the fiscal year ended December 31, 2006, the company had
pro forma annual sales of $3.1 billion. Based in Evansville,
Indiana, the company has 62 manufacturing facilities worldwide
and more than 13,900 employees. |
| www.berryplastics.com |
| |
| For additional information, please contact:
|
|
Robert Weilminster
Vice President of Corporate Development
Diane Tungate
Executive Assistant
Berry Plastics Corporation
101 Oakley Street
Evansville, IN 47710
Telephone: (812) 424-2904
|
| |
|
Dale Weaver
Chief Executive Officer Rollpak Corporation
1413 Eisenhower Drive South
Goshen, IN 46526
Telephone:800-477-8539
|
|
