Berry Plastics to buy Avintiv for almost $2.5 billion


Berry Plastics Group Inc. (Evansville, IN) has entered into a definitive agreement to acquire Avintiv Inc. from the Blackstone Group LP for approximately $2.45 billion in cash on a debt-free, cash-free basis, the companies announced today.

Avintiv is one of the world's leading developers, producers and marketers of specialty materials used in infection prevention, personal care and high-performance products. With 23 locations in 14 countries, an employee base of over 4,500 people and a broad range of process technologies, Avintiv's strategically located manufacturing facilities position it as a global supplier to many of the same leading consumer and industrial product manufacturers that Berry Plastics supplies, according to a news release.
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