Berry Plastics Enters Into Marketing Alliance
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowEvansville-based Berry Plastics Group Inc. (NYSE: BERY) has reached an agreement with a global company. The deal with Virginia-based Kl?ckner Pentaplast Group involves co-marketing the companies' product lines. March 12, 2015
News Release
EVANSVILLE, Ind. & GORDONSVILLE, Va. – Today, Berry Plastics Group, Inc. (NYSE: BERY) and Kl?ckner Pentaplast Group, announced that the companies recently entered into a marketing alliance to offer innovative form-fill seal packaging solutions, on a global basis to the food, consumer, pharmaceutical, and medical markets. Kl?ckner Pentaplast manufactures multiple types of forming films used to produce trays, while Berry Plastics manufactures non-forming lid stock films using various sealant chemistries.
“We are very excited to enter into this agreement with Kl?ckner Pentaplast,” said Greg Kughn, Sales Development Director for Berry Plastics' Flexible Packaging division. “By marketing our products together, we will serve as a single source for our customers and have the ability to offer a complete solution for some of the most demanding packaging.”
With nearly 100 years of combined experience, Kl?ckner Pentaplast and Berry Plastics are able to engineer specific solutions to meet customers' performance criteria, including seal and peel, gas barrier, clarity, heat resistance, and post-consumer recycled content.
“By forming an alliance to combine the skills and talents of our two companies, we can immediately offer the market an extensive portfolio of packaging solutions,” said Jeffrey Best, Director of Strategic Business Development for Kl?ckner Pentaplast. “The scale and capabilities of the two companies provide a great platform for creating value for customers and driving innovative packaging development and is another example where Kl?ckner Pentaplast is co-developing innovative products, solutions and business models to better serve our customers.”
About Kl?ckner Pentaplast
The Kl?ckner Pentaplast Group is a global leader in providing packaging, printing, and specialty solutions serving the pharmaceutical, medical device, food, beverage, and card markets among others. With a broad portfolio of rigid plastic films and services powered by innovation, kp plays an integral role in the customer value chain by marketing and protecting product integrity, safety, consumer health, and, ultimately, brand reputation. Founded in 1965, Kl?ckner Pentaplast has grown from its initial facility in Montabaur, Germany, to current operations in 12 countries with 18 production sites. The company has sales of over ?1,191 million and employs more than 3,000 people committed to serving customers worldwide. The Kl?ckner Pentaplast Group is wholly owned by an investor group led by SVP Global. For more information, visit our web site at www.kpfilms.com.
About Berry Plastics
Berry Plastics Group, Inc. is a leading provider of value-added plastic consumer packaging and engineered materials delivering high-quality customized solutions to our customers with annual net sales of $5 billion in fiscal 2014. With world headquarters in Evansville, Indiana, the Company’s common stock is listed on the New York Stock Exchange under the ticker symbol BERY. For additional information, visit the Company’s website at www.berryplastics.com.
Source: Berry Plastics Group Inc.