M&A Deal Summary

Berry Acquires Captive Plastics

On February 5, 2008, Berry acquired plastics company Captive Plastics from First Atlantic Capital

Acquisition Highlights
  • This is Berry’s 2nd transaction in the Plastics sector.
  • This is Berry’s 4th transaction in the United States.
  • This is Berry’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2008-02-05
Target Captive Plastics
Sector Plastics
Buyer(s) Berry
Sellers(s) First Atlantic Capital
Deal Type Add-on Acquisition

Target

Captive Plastics

Piscataway, New Jersey, United States
Captive Plastics, Inc. is a manufacturer of plastic packaging for the Personal Care, Health Care, Food and Spirits markets.

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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 4 of 14
Sector (Plastics) 2 of 8
Type (Add-on Acquisition) 4 of 11
State (New Jersey) 1 of 2
Country (United States) 4 of 10
Year (2008) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-11 Rollpak

Goshen, Indiana, United States

Rollpak Corporation is a manufacturer of premium industrial and institutional can liners and other flexible film products. The company offers products made of three different resin types and sells both direct to customers as well as through distributors. Its products are sold into the food services, healthcare, janitorial/sanitation, lodging and hospitality, and paper and packaging industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-20 Erie County Plastics

Corry, Pennsylvania, United States

Erie County Plastics Corporation is a nationally recognized leader in the manufacture of custom injection molded plastic packaging components, serving some of the best known names in the consumer products industry including Procter & Gamble, Gillette, Wyeth Pharmaceuticals and Alcoa. For example, Erie is a major supplier of products such as laundry detergent pour spouts to Procter & Gamble for such products as Tide, Dash and Bold.Erie will use the proceeds to consolidate and expand its manufacturing and warehousing facilities.

Buy -

Seller(S) 1

SELLER

First Atlantic Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

First Atlantic Capital is a private equity firm that seeks investments in medium-sized US-based businesses valued between $100 and $500 million. Sectors of interest include business services, industrial and consumer goods, packaging, plastics, food processing, general manufacturing, and value-added distribution. First Atlantic typically targets control investment situations. The Firm has a particular interest in companies with strong expansion opportunities, either organic or through acquisitions, or companies with strong business foundations where a few operational improvements can substantially better financial performance. In addition to its private equity investing activity, First Atlantic manages First Atlantic Real Estate, a New York based real estate investment firm wholly owned by First Atlantic Capital. First Atlantic Capital was formed in 1989 and is based in New York City.


DEAL STATS #
Overall 7 of 13
Sector (Plastics) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (New Jersey) 1 of 1
Country (United States) 7 of 13
Year (2008) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-13 Sprint Industrial

Houston, Texas, United States

Sprint Industrial is a provider of specialized industrial rental equipment and services to blue-chip customers in the petrochemical, chemical, and downstream energy industries. Sprint’s product lines include temporary liquid and solid storage tanks for maintenance projects, as well as safety products such as gas detection and breathing air systems to protect workers and employees during maintenance jobs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-25 Precision Gear

Twinsburg, Ohio, United States

Precision Gear Holdings (PGH) is a global supplier of custom gears and related equipment to some of the fastest-growing industries in North America, including wind power, aerospace and aviation, and oil and mining machinery and equipment.

Sell $80M