Add-on Acquisition • Plastics

Berry Acquires AEP Industries

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date August 25, 2016
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 Company

AEP Industries

Montvale, New Jersey, United States
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 Overview 1

Buyer

Berry

Evansville, Indiana, United States

Category Company
Founded 1967
Sector Plastics
Employees44,000
Revenue 12.3B USD (2024)
DESCRIPTION
Berry's corporate headquarters in Evansville, Indiana.
Berry's corporate headquarters in Evansville, Indiana.

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 based in Evansville, Indiana.


Deal Context for Buyer #
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 Co.

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