The company is the major subsidiary of BPC Holding Corporation.
In September 2006, Apollo Management, L.P. and Graham Partners completed acquisition of BPC Holding Corporation from Goldman Sachs and J.P. Morgan.
The combination of First Atlantic Capital and internal management at Berry Plastics proved to be a good match. First Atlantic was able to provide the necessary financial strength for the company to accelerate its growth, while Berry's internal management was able to provide the organizational and administrative expertise to give the company direction. The first result of this partnership was the acquisition of the Mammoth Containers division of Genpack Corporation in 1992. Mammoth Containers was located in Iowa Falls, Iowa, and the facility was incorporated in Berry Plastics' growing network of manufacturing plants. The purchase of Mammoth Containers added nearly $10 million in revenues to the company's coffers.
Mammoth was just the first of the company's acquisitions, however. After Mammoth Containers and its Iowa Falls facility had been integrated into the company's manufacturing operations, management's next step was to purchase Sterling Products, Inc., a Winchester, Virginia-based manufacturer of plastic promotional drinking cups. Over the years, Sterling Products had built a reputation for itself as one of the most innovative companies in the plastics industry, and, with the addition of its manufacturing facility in Winchester, management at Berry Plastics was well positioned to take advantage of this growing sector of the market. At approximately the same time, the company acquired all the assets and product line of Tri-Plas, Inc., one of the high-profile and leading manufacturers of polypropylene containers for the food industry. With headquarters and a large manufacturing plant in Charlotte, North Carolina, and an additional manufacturing facility situated in York, Pennsylvania, Berry Plastics was expanding its operations at a very fast pace. In a move to consolidate its manufacturing plants, management decided to close the Winchester location and merge its production line with the newer facility in Charlotte.
By this time Berry Plastics had established a highly sophisticated, state-of-the-art product development department which offered customers comprehensive project management to meet their specific requirements for containers. Design engineers and marketing specialists worked closely with customers from the project's inception through product design to the initial production of the product. Initial concepts, design modifications, and tool drawings were prepared on a computer-aided design (CAD) system. An in-house model shop, using a thermoforming machine, produced prototypes for customers to examine. One of the reasons Berry Plastics began to garner such a good reputation for itself within the plastics industry was its ability to simulate the molding process by operating unit-cavity prototype molds in a relatively small press designed specifically to produce samples of new products at the customer's request. Once the customer approved the product, management then built the production mold utilizing the most modern technology available.
In 1996 and 1997, Berry Plastics made three important acquisitions. The first acquisition involved the purchase of PackerWare Corporation located in Lawrence, Kansas, in late December of 1996. PackerWare was well known in the plastics industry for its manufacture of plastic containers, drinking cups, housewares and lawn and garden products. Bought at a bargain price of just over $26 million, the company's net sales for fiscal 1996 amounted to approximately $44 million, almost a third of Berry Plastics' total sales for the same year. Management at Berry Plastics regarded the acquisition as enabling the company to improve its position in the injection-molded drinking cup and plastic container markets. The completion of the transaction also allowed Berry Plastics to enter a highly lucrative and growing market, the housewares and lawn and garden products market. PackerWare had garnered a large amount of its revenues during the 1990s from major retail chains operating in this market, including such companies as Custom Building Products and Wal-Mart. At the time of the purchase, PackerWare was developing a number of new products for applications that would be advantageous to Berry Plastics. Since PackerWare was a fully mature company, management at Berry Plastics decided to operate their purchase as a wholly owned subsidiary and maintain its location in Lawrence, Kansas, where production and labor costs were low.
During the same year, Berry Plastics acquired all the assets of Container Industries, Inc., a niche manufacturer of injection-molded industrial and pry-off plastic containers for building products and other industrial products and markets. Situated in Pacoima, California, Container Industries reported net sales of $3.5 million for 1996 and, although quite small, Berry Plastics regarded the acquisition as a major development in its quest to become a leader in the pry-off container market. While the company was committed to maintaining a warehouse and distribution facility in Pacoima in order to provide its California customers with good service, the manufacturing facilities and molding equipment were relocated to Henderson, Nevada.
One of the company's most significant purchases occurred in May of 1997 when Virginia Design Packaging Corporation was acquired. Located in Suffolk, Virginia, with net sales of $15 million for fiscal 1996, Virginia Design Packaging was a growing firm within the injection-molded containers market. Most of its products were used by the food packaging industry, and its purchase immediately enhanced Berry Plastics' position in the market. As a consequence of these three acquisitions, the company's net sales jumped to approximately $158 million for fiscal 1996.
In 1996, the company's manufacturing facility in Iowa Falls, Iowa, was awarded an ISO 9002 certification. The ISO certification is an internationally recognized quality accreditation awarded by National Quality Assurance, USA, of Boxborough, Massachusetts. National Quality Assurance is an internationally recognized registrar for the International Organization for Standardization (ISO). The ISO certification is extremely important within the plastics industry, since it represents one of the most prestigious manufacturing awards for quality control and production consistency. The company's Iowa Falls plant was the third facility to receive the ISO certification. Previously both the plant in Henderson, Nevada, and the plant in Evansville, Indiana, were awarded the certification.
Currently, Berry Plastics has one of the most comprehensive product lines of any company in the plastics industry. The company manufactures dairy containers ranging in size from six ounces to 85 ounces, a complete line of polypropylene containers that allow reheating in microwave units, high density polyethylene thinwall containers where lightweight, durable containers are needed, child-resistant containers that are tested by the U.S. Child Safety Commission, industrial and pry-off containers for such products as paint or glue that require a heavier wall thickness, aerosol overcaps, drinking cups for the fountain and fast food restaurant market, and custom-molded products designed specifically to meet the needs of customers throughout the United States.
Even after integrating Sterling Products, Tri-Plas, Container Industries, PackerWare Corporation and their product lines into the operations at Berry Plastics, management at the firm continues to search for promising acquisitions. As the founders of plastics companies that began business in the heyday of the 1960s either pass away or retire and sell their firms, opportunities for mergers and acquisitions will remain high within the industry. Berry Plastics does not anticipate much difficulty in finding companies to help expand its market share.
Principal Subsidiaries
ackerWare Corporation.
Statistics:
Private Company
Incorporated: 1967 as Imperial Plastics, Inc.
Employees: 1,500
Sales: $151 million (1996)
SICs: 3089 Plastics Products, Not Elsewhere Classified
Address:
P. O. Box 959
Evansville, Indiana 47706
U.S.A.
In September 2006, Apollo Management, L.P. and Graham Partners completed acquisition of BPC Holding Corporation from Goldman Sachs and J.P. Morgan.
The combination of First Atlantic Capital and internal management at Berry Plastics proved to be a good match. First Atlantic was able to provide the necessary financial strength for the company to accelerate its growth, while Berry's internal management was able to provide the organizational and administrative expertise to give the company direction. The first result of this partnership was the acquisition of the Mammoth Containers division of Genpack Corporation in 1992. Mammoth Containers was located in Iowa Falls, Iowa, and the facility was incorporated in Berry Plastics' growing network of manufacturing plants. The purchase of Mammoth Containers added nearly $10 million in revenues to the company's coffers.
Mammoth was just the first of the company's acquisitions, however. After Mammoth Containers and its Iowa Falls facility had been integrated into the company's manufacturing operations, management's next step was to purchase Sterling Products, Inc., a Winchester, Virginia-based manufacturer of plastic promotional drinking cups. Over the years, Sterling Products had built a reputation for itself as one of the most innovative companies in the plastics industry, and, with the addition of its manufacturing facility in Winchester, management at Berry Plastics was well positioned to take advantage of this growing sector of the market. At approximately the same time, the company acquired all the assets and product line of Tri-Plas, Inc., one of the high-profile and leading manufacturers of polypropylene containers for the food industry. With headquarters and a large manufacturing plant in Charlotte, North Carolina, and an additional manufacturing facility situated in York, Pennsylvania, Berry Plastics was expanding its operations at a very fast pace. In a move to consolidate its manufacturing plants, management decided to close the Winchester location and merge its production line with the newer facility in Charlotte.
By this time Berry Plastics had established a highly sophisticated, state-of-the-art product development department which offered customers comprehensive project management to meet their specific requirements for containers. Design engineers and marketing specialists worked closely with customers from the project's inception through product design to the initial production of the product. Initial concepts, design modifications, and tool drawings were prepared on a computer-aided design (CAD) system. An in-house model shop, using a thermoforming machine, produced prototypes for customers to examine. One of the reasons Berry Plastics began to garner such a good reputation for itself within the plastics industry was its ability to simulate the molding process by operating unit-cavity prototype molds in a relatively small press designed specifically to produce samples of new products at the customer's request. Once the customer approved the product, management then built the production mold utilizing the most modern technology available.
In 1996 and 1997, Berry Plastics made three important acquisitions. The first acquisition involved the purchase of PackerWare Corporation located in Lawrence, Kansas, in late December of 1996. PackerWare was well known in the plastics industry for its manufacture of plastic containers, drinking cups, housewares and lawn and garden products. Bought at a bargain price of just over $26 million, the company's net sales for fiscal 1996 amounted to approximately $44 million, almost a third of Berry Plastics' total sales for the same year. Management at Berry Plastics regarded the acquisition as enabling the company to improve its position in the injection-molded drinking cup and plastic container markets. The completion of the transaction also allowed Berry Plastics to enter a highly lucrative and growing market, the housewares and lawn and garden products market. PackerWare had garnered a large amount of its revenues during the 1990s from major retail chains operating in this market, including such companies as Custom Building Products and Wal-Mart. At the time of the purchase, PackerWare was developing a number of new products for applications that would be advantageous to Berry Plastics. Since PackerWare was a fully mature company, management at Berry Plastics decided to operate their purchase as a wholly owned subsidiary and maintain its location in Lawrence, Kansas, where production and labor costs were low.
During the same year, Berry Plastics acquired all the assets of Container Industries, Inc., a niche manufacturer of injection-molded industrial and pry-off plastic containers for building products and other industrial products and markets. Situated in Pacoima, California, Container Industries reported net sales of $3.5 million for 1996 and, although quite small, Berry Plastics regarded the acquisition as a major development in its quest to become a leader in the pry-off container market. While the company was committed to maintaining a warehouse and distribution facility in Pacoima in order to provide its California customers with good service, the manufacturing facilities and molding equipment were relocated to Henderson, Nevada.
One of the company's most significant purchases occurred in May of 1997 when Virginia Design Packaging Corporation was acquired. Located in Suffolk, Virginia, with net sales of $15 million for fiscal 1996, Virginia Design Packaging was a growing firm within the injection-molded containers market. Most of its products were used by the food packaging industry, and its purchase immediately enhanced Berry Plastics' position in the market. As a consequence of these three acquisitions, the company's net sales jumped to approximately $158 million for fiscal 1996.
In 1996, the company's manufacturing facility in Iowa Falls, Iowa, was awarded an ISO 9002 certification. The ISO certification is an internationally recognized quality accreditation awarded by National Quality Assurance, USA, of Boxborough, Massachusetts. National Quality Assurance is an internationally recognized registrar for the International Organization for Standardization (ISO). The ISO certification is extremely important within the plastics industry, since it represents one of the most prestigious manufacturing awards for quality control and production consistency. The company's Iowa Falls plant was the third facility to receive the ISO certification. Previously both the plant in Henderson, Nevada, and the plant in Evansville, Indiana, were awarded the certification.
Currently, Berry Plastics has one of the most comprehensive product lines of any company in the plastics industry. The company manufactures dairy containers ranging in size from six ounces to 85 ounces, a complete line of polypropylene containers that allow reheating in microwave units, high density polyethylene thinwall containers where lightweight, durable containers are needed, child-resistant containers that are tested by the U.S. Child Safety Commission, industrial and pry-off containers for such products as paint or glue that require a heavier wall thickness, aerosol overcaps, drinking cups for the fountain and fast food restaurant market, and custom-molded products designed specifically to meet the needs of customers throughout the United States.
Even after integrating Sterling Products, Tri-Plas, Container Industries, PackerWare Corporation and their product lines into the operations at Berry Plastics, management at the firm continues to search for promising acquisitions. As the founders of plastics companies that began business in the heyday of the 1960s either pass away or retire and sell their firms, opportunities for mergers and acquisitions will remain high within the industry. Berry Plastics does not anticipate much difficulty in finding companies to help expand its market share.
Principal Subsidiaries
ackerWare Corporation.Statistics:
Private Company
Incorporated: 1967 as Imperial Plastics, Inc.
Employees: 1,500
Sales: $151 million (1996)
SICs: 3089 Plastics Products, Not Elsewhere Classified
Address:
P. O. Box 959
Evansville, Indiana 47706
U.S.A.
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