"We're delighted to have acquired Rollpak Corporation from Dale and Gary Weaver. The Weavers and their employees have built an extremely successful company with an outstanding reputation for product quality and industry-leading customer service. We look forward to working with the Rollpak employees, utilizing their progressive skills and customer servicing abilities. The addition of Rollpak's product lines and manufacturing location with the recently acquired business of Covalence Specialty Materials Corporation will further strengthen our institutional can liner product offering and enable us to leverage the industry leading manufacturing best practices of both companies, while expanding our customer base" stated, Ira Boots, Chairman & CEO. "We are very excited about the additional opportunities that Rollpak will bring to Berry Plastics and our customers as we continue to solidify our position as a global plastic packaging supplier offering a unique supply chain to the many markets we serve."
Dale Weaver, Chief Executive Officer of Rollpak, stated, "We are excited about Berry Plastics' acquisition of Rollpak. Not only do the two companies share similar cultures, but the added scale and financial resources of the Berry Plastics organization brings enormous benefits to our customers, employees, suppliers, and community. Gary and I look forward to partnering with the Berry Plastics' management team to grow the business on a much broader scale and to capitalize on the abundant opportunities that the combination of Rollpak with Berry Plastics will create."
This press release is for informational purposes only and is not intended to serve as a solicitation to buy securities or an offer to sell securities.
For additional information, please contact:
Robert Weilminster
Vice President of Corporate Development
Diane Tungate
Executive Assistant
Berry Plastics Corporation
101 Oakley Street
Evansville, IN 47710
Telephone: (812) 424-2904
Dale Weaver
Chief Executive Officer
Rollpak Corporation
1413 Eisenhower Drive South
Goshen, IN 46526
Telephone: 800-477-8539
About Berry Plastics
Berry Plastics is a leading manufacturer and marketer of plastic packaging products. Berry Plastics is a major producer of a wide range of products, including open top and closed top packaging, polyethylene-based plastic films, industrial tapes, medical specialties, packaging, heat-shrinkable coatings and specialty laminates to over 17,000 customers, ranging from large multinational corporations to small local businesses. In the fiscal year ended December 31, 2006, the company had pro forma annual sales of $3.1 billion. Based in Evansville, Indiana, the company has 62 manufacturing facilities worldwide and more than 13,900 employees.
Certain statements and information included in this release may constitute "forward looking statements" within the meaning of the Federal Private Securities Litigation Reform Act 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 Group and Covalence Holding 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.