EVANSVILLE, IND. (June 20, 1:40 p.m. ET) — Berry Plastics Corp. has acquired Stopaq BV, a manufacturer of anti-corrosive coatings and sealants based in Stadskanaal, the Netherlands.
Berry announced June 19 that it had purchased Frans Nooren Beheer BV companies, which includes Stopaq and its operating arms.
Berry officials would not comment on the acquisition.
Stopaq makes proprietary viscoelastic materials used in corrosion prevention, sealing and insulation applications, in products ranging from pipelines to power plants.
Along with its manufacturing and R&D plant in Stadskanaal, the company has a production facility in Dammam, Saudi Arabia.
Stopaq officials will take on roles with Berry's Corrosion Protection Group — J. Frits Doddema, Stopaq CEO, will now serve as executive vice president and general manager for the group. Frans Nooren, founder of Stopaq, will serve in an ambassador role.
Berry's Corrosion Protection Group, part of the company's Engineered Materials Division, manufactures anti-corrosion and pipe coatings, adhesives and sealants.
Berry, based in Evansville, Ind., is known as one of North America's largest packaging companies, with company-wide sales of $4.65 billion in 2011.
This is Berry's 11th acquisition in five years. In March, the company filed plans for an initial public offering.