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Berry Global Group, Inc. - BERY STOCK NEWS

Welcome to our dedicated page for Berry Global Group news (Ticker: BERY), a resource for investors and traders seeking the latest updates and insights on Berry Global Group stock.

Berry Global Group, Inc. (NYSE: BERY) is a leading global manufacturer of plastic packaging products and protection materials. Serving a diverse range of markets, including food, beverage, personal care, household chemicals, healthcare, and industrial, Berry Global caters to over 15,000 customers, including some of the world’s largest consumer packaged goods (CPG) manufacturers. The company's strategic international expansion aims to fulfill the growing global market demands.

The company operates through four primary business segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene, and Specialties. Berry Global primarily utilizes plastic resin as its raw material, sourced from various suppliers.

The acquisition of RPC has bolstered the Consumer Packaging International segment, expanding Berry’s geographical footprint and boosting its revenue. This segment includes products such as closures, dispensing systems, pharmaceutical devices, packaging, bottles, canisters, polythene films, recycling, containers, and technical components.

Berry Global's impressive growth is underscored by its extensive network of 119 global manufacturing locations across 17 countries and a workforce of over 21,000 employees. The company's history of strategic acquisitions has significantly bolstered its market presence and technological capabilities.

In recent developments, Berry Global acquired F&S Tool, a North American leader in precision injection molding tools. This move aims to strengthen Berry's global tooling capabilities, bringing in proprietary technologies and manufacturing excellence.

Berry Global continues to innovate and expand, focusing on sustainable growth and maintaining a leading position in the plastic packaging industry. Stay updated with the latest news and developments about Berry Global Group, Inc. to understand its market performance and strategic initiatives.

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NewHold Enterprises announces the sale of F&S Tool, a leading North American designer and manufacturer of precision injection molding tools, to Berry Global Group, Inc. The sale was completed on April 05, 2024. F&S Tool operates a 90,000 square foot facility in Erie, Pennsylvania, with 11 issued/pending patents and 105 employees. The acquisition is seen as a strategic move to enhance Berry's global tooling capability.
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Berry Global Group, Inc. (NYSE: BERY) and Glatfelter (NYSE: GLT) have achieved a regulatory milestone in their proposed transaction involving the combination of Berry's Health, Hygiene and Specialties segment with Glatfelter's Global Nonwovens and Films business. The transaction, expected to close in the second half of 2024, will create a leading, publicly-traded company in the specialty materials industry.
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Berry Global Group, Inc. (BERY) will release its Q2 2024 results on May 9, 2024, before NYSE trading begins. The quarterly conference call will be held at 10 a.m. Eastern Time, accessible via webcast or telephone registration. A replay will be available on the company's website.
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Berry Global Group, Inc. (BERY) released its 2023 Sustainability Report, showcasing achievements like 86% recyclable packaging, 65% renewable energy use increase, and early meeting of GHG emissions targets. The report emphasizes collaboration for sustainable packaging, innovation, and social impact goals.
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Berry Global opens Circular Innovation and Training Center in Tulsa, Oklahoma to develop sustainable packaging solutions and provide hands-on training. The center aims to foster innovation, education, and sustainability in the flexible packaging market.
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Berry Global Group, Inc. reported first-quarter net sales of $2.9 billion, operating income of $157 million, and earnings per share of $0.50. The company reaffirmed adjusted EPS guidance for fiscal 2024 at $7.35 - $7.85 and free cash flow of $800 - $900 million. Additionally, Berry announced plans for a tax-free spin-off and merger of its HH&S segment with Glatfelter, creating a global specialty materials leader in a transaction expected to be valued at $3.6 billion.
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Berry Global Group, Inc. (BERY) and Glatfelter Corporation (GLT) have entered into definitive agreements for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties segment with Glatfelter, creating a leading, publicly-traded company in the specialty materials industry. The transaction values the combined company at $3.6 billion, with pro forma revenue of ~$3.6 billion and Adj. EBITDA of ~$455 million. Berry and Glatfelter shareholders will own 90% and 10% of the combined company, respectively. The deal is expected to enhance earnings power with expected cost synergies of at least $50 million by year three, and is a tax-efficient Reverse Morris Trust transaction. This strategic repositioning accelerates Berry's transition to a pure-play provider of global packaging solutions and improves Glatfelter’s leverage profile.
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Berry Global Group, Inc. (BERY) has declared a quarterly cash dividend of $0.275 per share, with a payment date of March 15, 2024, for stockholders of record as of March 1, 2024.
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Berry Global Group, Inc. (NYSE: BERY) announced the commencement of an offer to exchange up to $500,000,000 of the Issuer’s new 5.50% First Priority Senior Secured Notes due 2028 for an equal amount of the Issuer’s outstanding unregistered 5.50% First Priority Senior Secured Notes due 2028. The exchange offer is limited to holders of the Outstanding Notes and is scheduled to expire at 5:00 p.m. Eastern Time on February 27, 2024. The Exchange Notes are identical to the Outstanding Notes, except for certain differences related to registration and transfer restrictions.
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Berry Global Group, Inc. (NYSE: BERY) will release its first fiscal quarter 2024 results on February 7, 2024, before trading begins on the New York Stock Exchange. The quarterly conference call on the Company’s results and performance will be held at 10 a.m. Eastern Time on the same day. Participants can register for the call via telephone or internet at https://ir.berryglobal.com/financials. A webcast of the call and accompanying slides will also be available, with a replay available on the website approximately two hours after the call.
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FAQ

What markets does Berry Global serve?

Berry Global serves markets including food, beverage, personal care, household chemicals, healthcare, and industrial sectors.

How many customers does Berry Global have?

Berry Global caters to over 15,000 customers, including some of the world’s largest consumer packaged goods (CPG) manufacturers.

What are the main business segments of Berry Global?

Berry Global operates through Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene, and Specialties.

Where does Berry Global get its raw materials?

Berry Global primarily uses plastic resin as its raw material, sourced from a variety of suppliers.

What was a recent acquisition by Berry Global?

Berry Global recently acquired F&S Tool, a North American leader in precision injection molding tools, to enhance its global tooling capabilities.

How many employees does Berry Global have?

Berry Global employs over 21,000 individuals.

How many manufacturing locations does Berry Global have?

Berry Global has 119 global manufacturing locations across 17 countries.

What products are included in the Consumer Packaging International segment?

Products include closures, dispensing systems, pharmaceutical devices, packaging, bottles, canisters, polythene films, recycling, containers, and technical components.

Why is Berry Global expanding internationally?

Berry Global is expanding internationally to meet the needs of the rapidly growing global markets.

What is the significance of Berry Global's acquisition history?

Berry Global's history of acquisitions has significantly bolstered its market presence and technological capabilities, contributing to its growth and innovation.

Berry Global Group, Inc.

NYSE:BERY

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7.19B
114.40M
0.35%
101.65%
5.22%
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