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Berry Plastics paid approximately $135 million for the Healthcare C&C business unit. The Company expects the acquisition, which was funded from existing liquidity, to be deleveraging after achieving synergies.
The Healthcare C&C business produces bottles, closures and specialty products for pharmaceutical and OTC (over-the-counter) applications. The transaction includes eight manufacturing locations - five in the United States and one each in Mexico, France, and India, with total employment of approximately 1,500 and 2013 sales of $262 million.
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