Karen McIntyre, editor11.19.15
Berry Plastics is keeping its latest purchase—Avintiv—pretty much in tact. During a fourth quarter earnings call last week, company executives announced that all of Avintiv, the nonwovens producer acquired this fall, would be contained within its new health, hygiene and specialties division. This division will be led by 11-year Avintiv veteran Scott Tracey. The remainder of the Berry businesses will be grouped into two other divisions—consumer packaging and engineered materials.
The health, hygiene and specialties business will represent 35% of Berry Plastics’ sales. In addition to the nonwovens operation, the division will contain Berry’s films businesses targeting personal care applications. About half of the new division’s sales are within North America while 23% are in Europe, the Middle East and Africa; 10% are in Asia-Pacific and 16% are in Latin America. Conversely, Berry’s sales outside of this unit are heavily weighted in North America—all of consumer packaging sales are in North America while the region represents 91% of engineered
The health, hygiene and specialties business will represent 35% of Berry Plastics’ sales. In addition to the nonwovens operation, the division will contain Berry’s films businesses targeting personal care applications. About half of the new division’s sales are within North America while 23% are in Europe, the Middle East and Africa; 10% are in Asia-Pacific and 16% are in Latin America. Conversely, Berry’s sales outside of this unit are heavily weighted in North America—all of consumer packaging sales are in North America while the region represents 91% of engineered
Continue reading this story and get 24/7 access to Nonwovens Industry for FREE
FREE SUBSCRIPTION
