Dive Brief:
- Berry Plastics, a packaging company based in Evansville, Ind., sold one business and bought another. Terms of the deals were not disclosed.
- Berry purchased Graphic Packaging's flexible plastics and film business. The deal includes three manufacturing plants.
- Berry sold its Kits and Catering unit, which makes disposable cutlery and related items, to a competior in that space: WNA, a division of the Waddington Group. As a result, Berry will close its plant in Coon Rapids, Minn.
Dive Insight:
The deals suggest Berry is committing additional resources to the flexible packaging market. That may prove a wise move. Recent research suggests that market is poised for substantial growth.
