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
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
Category Company
Founded 1967
Sector Plastics
Employees44,000
Revenue 12.7B USD (2023)
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 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