Tag Archives: Berry Plastics

Business, Finance, Occupation & Industry

Three Berry Plastics Products Receive Flexible Packaging Association Achievement Awards

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By Business Wirevia The Motley Fool

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Three Berry Plastics Products Receive Flexible Packaging Association Achievement Awards

EVANSVILLE, Ind.–(BUSINESS WIRE)– Berry Plastics Group, Inc. (NYS: engineers work diligently to create innovative packaging solutions. With recent capital investment in state-of the art extrusion, high speed quick change flexographic presses, and triplex lamination assets, we are able to provide technologically unique films with superior graphics. These capabilities enable our customers’ products to stand out on store shelves, helping them win in the marketplace.”

Berry Plastics’ awards include:

Award: Silver – Packaging Excellence
Package: gDiapers Biodegradable Wipes
Package Description: The gDiapers Biodegradable Wipes includes the Rigid Lens II (RLII) closure, encompassing the benefits of both traditional peel ‘n reseal labels and molded fitments. Packaging high stack count wet wipes in a flexible package with a RLII closure alleviates the need for using molded fitments, canisters, and tubs. High-quality graphics can be printed directly on the RLII to compliment the respective graphics on the flexible film. This technology and package format can be run on existing equipment for wet wipes and, with the ability to be opened and closed with one hand, provides a user friendly experience.

Award: Silver – Technical Innovation
Package: Easy Peel Lidding for High-Pressure Pasteurization
Package Description: High pressure pasteurization is a growing trend in the food industry. The aggressive conditioning from this technique requires higher performance films to meet industry standards. Berry Plastics‘ multilayer co-extrusion technology and polymer knowledge provided a solution, bringing a significant improvement to a challenging process. Product benefits include reduced leaker rates, increased production, and assurance of package integrity through distribution and retail. The end consumer enjoys a convenient easy to open package with attractive clarity.

Award: Silver – Printing Achievement
Package: CBI Coelho Smart Wheat
Package Description: The CBI Coelho Smart Wheat package uses HD Flexo imaging for more detail and much sharper imagery. This new printing technology, combining era metallic and pearlescent inks, provides a high impact package and eye catching design that will …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Shareholders Re-elect Members of Berry Plastics Group Inc.'s Board of Directors

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By Business Wirevia The Motley Fool

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Shareholders Re-elect Members of Berry Plastics Group Inc.’s Board of Directors

EVANSVILLE, Ind.–(BUSINESS WIRE)– Berry Plastics Group, Inc. (NYS: BERY) announced at its Annual Meeting of Stockholders held on March 20, 2013, that the Company’s shareholders re-elected Donald C. Graham, David B. Heller, and Carl J. (Rick) Rickertsen to the Company’s Board of Directors.

“I am pleased that Don, David, and Rick were re-elected to Berry’s Board of Directors,” said Jon Rich, Chairman and CEO of Berry Plastics. “Together, they bring a wealth of knowledge gained from years of experience in the plastics packaging and private equity sectors, and by serving on boards of both private and publicly traded companies. Their knowledge, experience, and insight will be beneficial to Berry as we pursue our deleveraging and strategic growth initiatives.”

Donald C. (Don) Graham founded “The Graham Group,” an alliance of independently owned and operated industrial businesses and investment management firms, and has been a member of Berry Plastics‘ Board of Directors since 2006. Over nearly half a century, Graham built a substantial family industrial concern—founding consumer packaging, capital equipment and building products businesses, and investing in companies serving a wide range of consumer and industrial sectors. Graham founded Graham Packaging Company, in which he sold a controlling interest in 1998 and retained a minority ownership position until the company was sold in 2011. Graham participates on several advisory boards of The Graham Group’s independently owned and managed investment concerns and continues to provide guidance as an active board member of and investor in many underlying portfolio companies.

David B. Heller became a member of Berry Plastics‘ Board of Directors in October 2012. Heller is the former Global Co-Head of the Securities Division at Goldman, Sachs & Co., where he also served on the Management Committee. He joined Goldman Sachs in 1989 in New York and also spent significant time living and working in Tokyo and London during his career with the firm. He retired from Goldman in March of 2012. Currently he serves as a Trustee for the Acumen Fund, the New Museum of Contemporary Art, Project Morry, and Third Way. Heller earned a B.A. from Harvard College and continues to be involved with the university.

Carl J. (Rick) Rickertsen became a member of the Company’s Board in January 2013. Rickertsen is currently managing partner of Pine Creek Partners, a private equity investment firm, a position …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Will These Companies Be Crushed by Debt?

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By Taylor Muckerman and Joel South, The Motley Fool

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Spending hundreds of millions to billions of dollars simply to maintain growth is a key characteristic of much of the energy and materials space. Due to shareholder expectations, companies that aren’t generating cash from operations typically turn to debt or equity sales. Each of the four companies discussed in the video below has driven up its debt levels to heights that worry Motley Fool analyst Taylor Muckerman.

Two companies on the wrong side of the fence
Of the four companies, two materials companies worry him the most. AK Steel is trying to survive in the maligned United States steel industry, and Berry Plastics is finding it tough to overcome interest expenses stemming from acquisition-related debt. Both of these companies need to figure out a way to right their ship, and quickly.

Will a natural gas rebound bail these producers out?
Two natural gas prices also “passed” Taylor’s screen, and he believes they have a chance to rebound along with natural gas prices. Writedowns in 2012 forced Ultra Petroleum and Quicksilver Resources into precarious situations, but with prices climbing, these companies should be fine.

High debt levels have led Chesapeake Energy to sell assets. Could the companies above follow suit? Energy investors would be hard-pressed to find another company trading at a deeper discount than Chesapeake Energy. Its share price depreciated after negative news surfaced concerning the company’s management and spiraling debt picture. While the debt issues still persist, giant steps have been taken to help mitigate the problems. To learn more about Chesapeake and its enormous potential, you’re invited to check out The Motley Fool‘s brand-new premium report on the company. Simply click here now to access your copy.

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Source: FULL ARTICLE at DailyFinance

News, Politics, Government

Chart: Leveraged loan activity surges as issuer-friendly deals rule

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By Steve Miller, Contributor The rolling 30-day average of leveraged loans launched to the institutional investor market soared this week, topping $45 billion, as issuers continued to take advantage of buyside demand and private equity sponsors lined up to refinance existing debt. Indeed, many of the high profile credits launched over the past 7 days were courtesy sponsors, including Freescale Semiconductor ($2.73B/Blackstone), Berry Plastics ($1B/Apollo), and communications concern WideOpenWest ($1.9B/Avista).  – Steve Miller
Source: FULL ARTICLE at Forbes Latest