Berry Plastics Corp.
The new project will add 15 jobs to a plant in Fulton Co. Kentucky.
New financial filings by Evansville, Ind.-based Berry, which is being acquired by Amcor plc, reveal it had to consider three other potential deals in 2024.
Just over a week after announcing its $8.43 billion mega-merger with Amcor plc, Berry Global says it will sell its specialty tapes business to a private equity buyer.
While executives highlight procurement synergies and a stronger product portfolio in Amcor's purchase of Berry, industry analysts remain doubtful, citing limited growth opportunities and post-pandemic stagnation in the packaging sector.
Plastics packaging maker Berry Global is one of six groups in Indiana to receive investigative demand letters from Indiana Attorney General Todd Rokita, who announced the probe shortly after President Donald Trump won re-election.
Magnera Corp. is the new company created by the merger of Glatfelter Corp. and Berry's Health, Hygeiene and Specialties division along with its films business.
The closure in Edmonton, Alberta, Unifor said, is resulting in 58 union members losing their jobs.
The new company, expected to be formed by the end of the year, will be known as Magnera Corp.
Looking beyond today's needs for caps and closures and to the future of the industry, is key to developing strategies to implement now, says Rev Anbalagan from Berry Global Group Inc.
The addition of Jim Glerum is expected to provide additional expertise regarding how the company spends money and views operations.
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