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June 3, 2014
09:08 EDTBERYBerry Plastics 10M share Block Trade priced at $23.70
Goldman acted as sole book running manager for the offering.
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November 13, 2015
08:34 EDTBERYBerry Plastics sees FY15 adjusted free cash flow roughly $475M
Free cash flow estimate adjuted after deducting the $57M payment in October 2015 under the company's tax receivable agreement. Sees FY15 capital spending $285M. Within adjusted free cash guidance, the company is also assuming other cash taxes of $30M and other cash uses of $45M related to items such as acquisition integration expenses and costs to achieve synergies.
08:32 EDTBERYBerry Plastics reports Q4 adjusted EPS 50c, consensus 46c
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08:26 EDTBERYBerry Plastics announces new streamlined business structure
Berry Plastics Group announced a new streamlined business structure which organizes the company into three market-focused divisions, designed to allow the company to best serve its customers, drive future growth, and maximize shareholder value. The new divisions are: Health, Hygiene, and Specialties; Consumer Packaging; and Engineered Materials. The Health, Hygiene, and Specialties Division will consist of the newly acquired AVINTIV business, in addition to Berry Plastics' heritage flexible packaging personal care and medical product lines that were previously part of the Company's Flexible Packaging Division. The Consumer Packaging Division combines Berry Plastics' heritage Rigid Open Top and Rigid Closed Top divisions, the flexible packaging food and consumer product lines that were formerly part of the Company's Flexible Packaging Division, and the shrink film product lines that were formerly part of Berry Plastics' Engineered Materials Division. The Engineered Materials Division combines Berry Plastics' historical Engineered Materials Division and its Flexible Packaging converter product line, except for the shrink film products that are moving to Consumer Packaging. With the announcement of Berry Plastics' new business structure, current AVINTIV President and CEO, Joel Hackney has chosen to leave Berry Plastics to pursue other opportunities.

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