Industry News, Mergers and Acquisitions, Printers News

Berry Plastics Completes Acquisition of AEP Industries Inc.

Sees opportunity to expand portfolio, capacity of its Engineered Materials Division.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Berry Plastics Group, Inc. completed the previously announced acquisition of AEP Industries Inc.   Berry issued 6.5 million common shares and paid $297 million as merger consideration in exchange for all of the outstanding shares of AEP common stock and outstanding AEP equity awards. Additionally, Berry paid $164 million to retire outstanding AEP debt. Berry financed the cash consideration of the acquisition with a new $500 million seven-year term loan. Including the new shares issued, Berry’s...

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