Berry Plastics Corporation explores strategic alternatives
Plan to maximize shareholder value, including a possible sale or public offering of the Company.
31/03/06 Berry Plastics Corporation, a subsidiary of BPC Holding Corporation (the "Company"), has announced that its Board of Directors is exploring strategic alternatives to maximize shareholder value, including a possible sale or public offering of the Company. The Company has retained Goldman, Sachs & Co. and JPMorgan as its financial advisors to assist in this process.
The Company offers no assurance that any transaction will occur or, if one is undertaken, its terms or timing. The Company does not expect to publicly disclose developments with respect to the exploration of strategic alternatives.
Berry Plastics Corporation, a portfolio company of Goldman Sachs Capital Partners and JP Morgan Partners, is a leading manufacturer and marketer of rigid plastic packaging products. The company is headquartered in Evansville, Indiana, and, together with its subsidiaries, has plants in Ahoskie, North Carolina; Anaheim, California; Baltimore, Maryland; Bowling Green, Kentucky; Charlotte, North Carolina; Chicago, Illinois; Chicago Ridge, Illinois; Easthampton, Massachusetts; Henderson, Nevada; Iowa Falls, Iowa; Jackson, Tennessee; Lancaster, PA; Lawrence, Kansas; Milan, Italy; Mexico City, Mexico; Monroeville, Ohio; Monroe Township, New Jersey; Norwich, England; Oxnard, California; Phoenix, Arizona; Richmond, Indiana; Sarasota, Florida; Streetsboro, Ohio; Suffolk, Virginia; Syracuse, New York; and Woodstock, Illinois.
