EVANSVILLE, IND. (March 23, 2:30 p.m. ET) — Packaging giant Berry Plastics Group Inc. is preparing to go public. The company plans to raise up to $500 million in an initial public offering of it shares. It will use part of that revenue to pay down debt, according to a March 23 filing with the Securities and Exchange Commission.
North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.
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