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Berry Plastics Announces Exploration of Strategic AlternativesMarch 29, 2006 – 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; Anaheim, California; Baltimore, Maryland; Bowling Green, Kentucky; Charlotte, North Carolina; Chicago, Illinois; Chicago Ridge, Illinois; Easthampton, Massachusetts; Henderson, Nevada; Iowa Falls, Iowa; Jackson, Tennessee; Lancaster, PA; Lawrence, Kansas; Milan, Italy; Mexico City, Mexico; Monroeville, Ohio; Monroe Township, New Jersey; Norwich, England; Oxnard, California; Phoenix, Arizona; Richmond, Indiana; Sarasota, Florida; Streetsboro, Ohio; Suffolk, Virginia; Syracuse, New York; and Woodstock, Illinois. For more information about the Company, please visit our website at www.berryplastics.com. SOURCE: Berry Plastics Corporation Contact: Diane Tungate, (812) 434-9370 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 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. Back to Press Releases |
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The historical information presented may reflect the activities of the professionals of CCMP Capital Advisors, LLC (together with its affiliates, “CCMP Capital”) while they were members of J.P. Morgan Partners, LLC ("JPMP"), a private equity division of JPMorgan Chase & Co. prior to CCMP Capital's commencing operations. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to purchase any investments or securities of any investment vehicles. © 2008 CCMP CAPITAL ADVISORS, LLC. All rights reserved. |
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