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Berry Plastics completes acquisition of Rexam's Healthcare Containers and Closures business

Today, Berry Plastics Group, Inc. (NYSE:BERY) announced that it has completed the previously announced acquisition of Rexam's Healthcare Containers and Closures (C&C) business.

This content was written and submitted by the supplier. It has only been modified to comply with this publication’s space and style.

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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