EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Plastics Group, Inc. (NYSE:BERY) today announced that it is planning for an investment in a state-of-the-art asset to provide an incremental 16,000 metric tons (16 KMT) of capacity serving the North American markets. This investment, that will be a part of the Company’s Health, Hygiene, and Specialties Division, is targeted to meet forecasted customer growth and will be focused on premium applications in desired hygiene and healthcare markets. Berry Plastics will conduct a search for the best location for the investment. Current projections are for startup in 2018, aligned with customer demand and the Company’s current production capacities and expected growth.
“This exciting news demonstrates strong commitment to our customers' growth, as well as advances our prominent market position in hygiene and healthcare material solutions,” said Larry Goldstein, North America President of Berry Plastics’ Health, Hygiene, and Specialties Division.
About Berry Plastics
Berry Plastics Group, Inc. is a leading provider of value-added plastic consumer packaging and engineered specialty materials delivering high-quality customized solutions to our customers. The Company’s world headquarters is located in Evansville, Indiana, with pro forma net sales of $6.7 billion in fiscal 2015 and 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.