Industry News, Mergers and Acquisitions, Printers News

Berry Plastics Group to Acquire AEP Industries Inc.

For the four quarters ended April 2016, AEP generated net sales of $1.1 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Berry Plastics Group, Inc. and AEP Industries Inc. have entered into a definitive merger agreement under which Berry will acquire all of the outstanding shares of AEP in a cash and stock transaction. Aggregate consideration will be $765 million, including AEP’s net debt. Each AEP shareholder will elect to receive either $110 in cash or 2.5011 shares of Berry common stock per AEP share in the transaction, subject to an overall 50/50 proration to ensure that 50% of the total outstanding AEP shares...

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