Add-on Acquisition • Packaging

Berry Acquires Qingdao P&B Co.

On January 31, 2014, Berry acquired packaging company Qingdao P&B Co.

Acquisition Context
  • This is Berry’s 3rd transaction in the Packaging sector.
  • This is Berry’s 1st transaction in China.

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M&A Deal Summary

Date January 31, 2014
Target Qingdao P&B Co.
Sector Packaging
Buyer(s) Berry
Deal Type Add-on Acquisition

Target Company

Qingdao P&B Co.

Qingdao, China
Qingdao P&B Co., Ltd. is a Chinese-based rigid plastic packaging provider.
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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 8 of 14
Sector: Packaging 3 of 4
Type: Add-on Acquisition 8 of 11
Country: China 1 of 1
Year: 2014 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-19 Frans Nooren Beheer B.V.

Stadskanaal, Netherlands

Frans Nooren Beheer B.V. is the inventor and manufacturer of patented visco-elastic technologies for use in corrosion prevention, sealing and insulation applications ranging from pipelines to subsea piles to rail and cable joints. Headquartered in Stadskanaal, The Netherlands, STOPAQ operates a state-of-the-art manufacturing plant, complete with R&D facilities, an anti-corrosion Technology Park, and Centre of Excellence training and exhibition facilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-24 Rexam’s Healthcare Containers and Closures

United Kingdom

The Healthcare Containers and Closures business produces bottles, closures and specialty products for pharmaceutical and OTC (over-the-counter) applications.

Buy $135M

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