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.
Berry Global Group, Inc. (NYSE:BERY) will announce its second fiscal quarter 2021 results on May 4, 2021, prior to market opening. A quarterly conference call will take place at 10 a.m. Eastern Time that day, accessible via phone or live webcast. The company emphasizes its commitment to sustainability and innovation, leveraging its extensive capabilities to develop packaging and engineered products. With over 47,000 employees globally, Berry aims to support customers through diverse and innovative solutions. A replay of the call will be available starting May 4 at 1 p.m. until May 18.
Berry Global Group (NYSE: BERY) announced a $110 million investment in its European wipes segment, enhancing production capacity for disinfectant wipes in response to pandemic-driven demand. This expansion will strengthen its existing Spunlace platform, focusing on sustainability with biodegradable or recycled materials. The new production line aims to increase capacity by over 300 million square meters and is expected to be operational by Q3 2022. This strategic move demonstrates Berry's commitment to supporting evolving consumer trends in health and hygiene.
Berry Global Group, Inc. (NYSE: BERY) has announced the pricing of a private placement by its subsidiary, expected to close on March 4, 2021. The offering entails $775 million of 1.57% first priority senior secured notes due January 15, 2026. Proceeds will be utilized to prepay existing term loans and cover related fees. The New Notes will bear interest semiannually and will be secured by liens on certain assets. These notes are offered to qualified institutional buyers and unregistered under the Securities Act.
Berry Global Group, Inc. (NYSE:BERY) announces a plan to issue first priority senior secured notes due 2026 through its subsidiary, Berry Global, Inc. The new notes will consolidate with existing notes and share similar terms. Proceeds will be utilized to prepay a portion of existing term loans and cover offering-related costs. The offering is limited to qualified institutional buyers and non-U.S. investors under specific regulations.
Berry Global Group, Inc. (NYSE:BERY) reported impressive first fiscal quarter 2021 results, achieving net sales of $3.1 billion with a 7% organic volume growth. Operating income surged by 53% to $304 million, while net income per diluted share rose 174% to $0.96. The company raised its fiscal 2021 organic volume growth assumption to 4% and operating EBITDA guidance by $25 million to $2.175 - $2.225 billion. Despite challenges from rising raw material costs, Berry remains optimistic about its operational momentum and cash flow projections.
Berry Global Group, Inc. (NYSE: BERY) has announced an investment exceeding $70 million to enhance its wipe substrate capabilities in the U.S. This initiative includes a new production line aimed at increasing capacity to better serve global customers. The investment is expected to support ongoing growth, particularly in the disinfectant wipes sector, which has seen a surge in demand due to COVID-19. Berry's proprietary Spinlace® technology will play a vital role in producing innovative nonwovens for multiple market segments, with commercialization targeted for the March quarter of 2023.
Berry Global Group, Inc. (NYSE: BERY) is set to release its first fiscal quarter 2021 results on February 5, 2021, prior to market opening. A conference call discussing the financial performance will occur at 10 a.m. ET on the same day. Interested parties can join the call using designated phone numbers or access the live webcast on the investor relations page of Berry's website. Berry Global, headquartered in Evansville, Indiana, is a Fortune 500 company, generating over $11.7 billion in net sales in fiscal 2020 and employing approximately 47,000 individuals globally.
Berry Global Group, Inc. (NYSE: BERY) announced the pricing of a private placement offering by its subsidiary, Berry Global, Inc., involving $800,000,000 of first priority senior secured notes due February 2024. The notes will have a 0.95% interest rate, payable semiannually, and are expected to close around January 15, 2021. Proceeds will be used to prepay certain existing term loans. The notes will be offered to qualified institutional buyers and are secured by liens on various assets.
Berry Global Group (NYSE:BERY) announced that its subsidiary plans to issue a new series of first priority senior secured notes due 2024. The proceeds will be used to prepay a portion of existing term loans and cover associated fees. The offering is directed at qualified institutional buyers under Rule 144A and non-U.S. investors per Regulation S. These notes are not registered under the Securities Act and cannot be sold in the U.S. without proper registration or exemption. This press release does not constitute an offer to sell or solicit any offer to buy securities.
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