Bloomberg News is reporting that Berry Plastics Group Inc. may set the terms for its initial public offering this week. The report ("Apollo's Berry Plastics Said to Plan to Set IPO Terms This Week"), quotes two sources who asked not to be identified. According to the report, Berry may seek a market value of $2 billion. The Evansville, Ind.-based company, one of the largest in Plastics News' rankings, had said in March that it plans to raise up to $500 million through the IPO. Berry has grown aggressively through acquisitions. Today, at PN's Plastics Caps & Closures 2012 conference in Lincolnshire, Ill., Curt Begle, president of the company's Rigid Closed-Top division, talked about how Berry integrates acquisitions and eases transitions. One comment he made really stands out: In the past 12 months, Begle said the company has reviewed 115 potential deals. So watch Plastics News for more news about Berry. And in the meantime, watch #PNcaps2012 on Twitter for live notes from the Plastics Caps & Closures conference.
Berry IPO getting closer
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The only North American conference targeting plastics caps and closures makers, the Plastics Caps & Closures conference, held Sept. 9-11, 2019, in Chicago, provides a hotbed of discussion on many of the top innovations, process and product technologies, materials, trends and consumer insights that influence both packaging and caps and closures development.