Klöckner Pentaplast Group and Berry Plastics Group, Inc. Enter into Marketing Alliance
By Business Wire News
By Business Wire News
EVANSVILLE, Ind. & GORDONSVILLE, Va.
Today,Berry Plastics Group, Inc. (NYSE: BERY) and Klöckner Pentaplast Group, announced that the companies recently entered into a marketing alliance to offer innovative form-fill seal packaging solutions, on a global basis to the food, consumer, pharmaceutical, and medical markets. Klöckner Pentaplast manufactures multiple types of forming films used to produce trays, while Berry Plastics manufactures non-forming lid stock films using various sealant chemistries.
“We are very excited to enter into this agreement with Klöckner Pentaplast,” said Greg Kughn, Sales Development Director for Berry Plastics’ Flexible Packaging division. “By marketing our products together, we will serve as a single source for our customers and have the ability to offer a complete solution for some of the most demanding packaging.”
With nearly 100 years of combined experience, Klöckner Pentaplast and Berry Plastics are able to engineer specific solutions to meet customers’ performance criteria, including seal and peel, gas barrier, clarity, heat resistance, and post-consumer recycled content.
“By forming an alliance to combine the skills and talents of our two companies, we can immediately offer the market an extensive portfolio of packaging solutions,” said Jeffrey Best, Director of Strategic Business Development for Klöckner Pentaplast. “The scale and capabilities of the two companies provide a great platform for creating value for customers and driving innovative packaging development and is another example where Klöckner Pentaplast is co-developing innovative products, solutions and business models to better serve our customers.”
About Klöckner Pentaplast
The Klöckner Pentaplast Group is a global leader in providing packaging, printing, and specialty solutions serving the pharmaceutical, medical device, food, beverage, and card markets among others. With a broad portfolio of rigid plastic films and services powered by innovation, kp plays an integral role in the customer value chain by marketing and protecting product integrity, safety, consumer health, and, ultimately, brand reputation. Founded in 1965, Klöckner Pentaplast has grown from its initial facility in Montabaur, Germany, to current operations in 12 countries with 18 production sites. The company has sales of over €1,191 million and employs more than 3,000 people committed to serving customers worldwide. The Klöckner Pentaplast Group is wholly owned by an investor group led by SVP Global. For more information, visit our web site at www.kpfilms.com.
About Berry Plastics
Berry Plastics Group, Inc. is a leading provider of value-added plastic consumer packaging and engineered materials delivering high-quality customized solutions to our customers with annual net sales of $5 billion in fiscal 2014. With world headquarters in Evansville, Indiana, the Company’s common stock is listed on the New York Stock Exchange under the ticker symbol BERY. For additional information, visit the Company’s website at www.berryplastics.com.
Certain statements and information included in this release may constitute “forward looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Berry Plastics to be materially different from any future results, performance, or achievements expressed or implied in such forward looking statements. Additional discussion of factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations is contained in the companies’ SEC filings. The companies do not undertake any obligation to update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.