Berry Plastics Corporation Announces Exploration of Strategic Alternatives.EVANSVILLE, Ind. -- Berry Plastics Corporation, a subsidiary of BPC Holding Corporation (the "Company"), today announced that its Board of Directors is exploring strategic alternatives to maximize shareholder value, including a possible sale or public offering of the Company. The Company has retained Goldman, Sachs & Co. and JPMorgan as its financial advisors to assist in this process. The Company offers no assurance that any transaction will occur or, if one is undertaken, its terms or timing. The Company does not expect to publicly disclose developments with respect to the exploration of strategic alternatives. Berry Plastics Corporation, a portfolio company of Goldman Sachs Capital Partners and JP Morgan Partners, is a leading manufacturer and marketer of rigid plastic packaging products. The company is headquartered in Evansville, Indiana, and, together with its subsidiaries, has plants in Ahoskie, North Carolina Ahoskie is a town in Hertford County, North Carolina, United States. The population was 4,523 at the 2000 census. Ahoskie is located in North Carolina's Inner Banks region. Ahoskie is known as the "only one" because there is no other town in the world known by the same name. ; Anaheim, California; Baltimore, Maryland; Bowling Green, Kentucky Bowling Green is the fourth-most populous city in the U.S. state of Kentucky after Louisville, Lexington and Owensboro, with an estimated "population" in 2006 of 53,112. It is the county seat of Warren County and the principal city of and is included in the Bowling Green, Kentucky ; Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. ; Chicago, Illinois; Chicago Ridge, Illinois Chicago Ridge is a village in Cook County, Illinois, United States. The population was 14,127 at the 2000 census. Geography Chicago Ridge is located at (41.702482, -87.778690)GR1. ; Easthampton, Massachusetts; Henderson, Nevada; Iowa Falls, Iowa Iowa Falls is a city in Hardin County, Iowa, United States. Iowa Falls is the home of Ellsworth Community College. It is also a regional transportation center, located along U.S. Highways 20 and 65 and the Canadian National and Union Pacific Railroads. ; Jackson, Tennessee; Lancaster, PA; Lawrence, Kansas; Milan, Italy; Mexico City, Mexico; Monroeville, Ohio; Monroe Township, New Jersey Monroe Township is the name of some places in the U.S. state of New Jersey:
Certain statements and information included in this release may constitute "forward looking statements" within the meaning of the Federal Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Berry Plastics to be materially different from any future results, performance, or achievements expressed or implied in such forward looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the companies' SEC filings. The companies do not undertake any obligation to update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. |
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