M&A Deal Summary

Berry Acquires AEP Industries

On August 25, 2016, Berry acquired plastics company AEP Industries for 765M USD

Acquisition Highlights
  • This is Berry’s 5th transaction in the Plastics sector.
  • This is Berry’s 3rd largest (disclosed) transaction.
  • This is Berry’s 8th transaction in the United States.
  • This is Berry’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2016-08-25
Target AEP Industries
Sector Plastics
Buyer(s) Berry
Deal Type Add-on Acquisition
Deal Value 765M USD
Advisor(s) BofA Securities (Financial)
Skadden, Arps, Slate, Meagher & Flom
Honigman (Legal)

Target

AEP Industries

Montvale, New Jersey, United States
website
AEP Industries, Inc. is a manufacturer, marketer, and distributor of flexible plastic packaging products for the consumer, industrial, and agricultural market.

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Buyer(S) 1

Buyer

Berry

Evansville, Indiana, United States

website

Category Company
Founded 1967
Sector Plastics
Employees46,000
Revenue 14.5B USD (2022)
DESCRIPTION

Berry is a manufacturer and marketer of plastic packaging products for personal care, household, industrial and transportation markets. Berry was incorporated in 1967 and is headquartered in Evansville, Indiana.

DEAL STATS #
Overall 11 of 14
Sector (Plastics) 5 of 8
Type (Add-on Acquisition) 9 of 11
State (New Jersey) 2 of 2
Country (United States) 8 of 10
Year (2016) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 AVINTIV

Charlotte, North Carolina, United States

AVINTIV, Inc. is a developer, producer, and marketer of specialty materials used in infection prevention, personal care, and high performance solutions. AVINTIV was formed in 1985 and is based in Charlotte, North Carolina.

Buy $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-16 Clopay Plastic Products

Mason, Ohio, United States

Clopay Plastic Products Co. is a provider of printed breathable films as well as an innovator in the development of elastic films and laminates with product offerings uniquely designed for applications used in a number of markets including; hygiene, healthcare, construction and industrial protective apparel. Clopay Plastic Products Co. was established in 1859 and is based in Mason, Ohio.

Buy $475M
Mergr

Product

Company

Legal