With the purchase of Kerr Group, Inc., Lancaster, PA, Berry Plastics Corp., Evansville, IN, fills gaps in its closure line, broadens offerings in vials, bottles, tubes. Purchase price of $445 million includes repayment of debt. Deal, expected to close before end of 2Q 2005, brings Berry eight production facilities specializing in injection, compress, blow, extrusion molded packaging for pharmaceutical, nutritional, food, beverage, personal care markets, as well as tech center in Lancaster. "The addition of Kerr's leading positions in closures, bottle and tubes to Berry will enhance Berry's offering to its customers," says Joe Gleberman, chairman of Berry. Berry plans to fund the acquisition with additional senior secured debt. Return to Archives

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