Berry Plastics paid approximately $19m for Filmco, subject to certain customary adjustments.
Filmco is a manufacturer of PVC stretch film packaging for fresh meats, produce, freezer and specialty applications. Filmco had 2010 annual net sales of $34m.
Roland Castellanos, general manager of Filmco, said: “The purchase of the Filmco business by Berry Plastics marks an important milestone for the business. Berry will focus on our segment and invest around the strong technologies of the business while providing our great employees with opportunity for professional growth.”
Source: Berry Plastics
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