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Berry Plastics Corporation

Company Profile Analysis

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Berry Plastics Corporation - Manufacturing & Construction showcase

Year Founded & Workforce

1967

47,000 Employees

Industry

Manufacturing & Construction

Services

Global Food Container Market
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Berry Plastics Corporation Overview

Company Headquarters: US

Founded: 1967

Workforce: ~47,000

Company Working: Berry Plastics Corporation (Berry) designs and manufactures technologically innovative, rigid, flexible, and non-woven packaging products across the globe. The company operates through three segments: consumer packaging international, consumer packaging in North America, engineered materials, health hygiene, and specialties. Consumer packaging North America manufactures lightweight polypropylene cups and lids for hot and cold beverages, mono-material cup & lid packaging solutions, closures & over cups that are resistant to children's activities providing continuous-thread, tamper-proof closures, and aerosol cans, bottles, and prescription vials, among others. Under its engineered materials segment, Berry offers food and consumer films for fresh bakery products, tortillas, deli, and frozen vegetables. Additionally, the company manufactures barrier films for cereals, cookies, crackers, and dry mix packages.

The company invested over USD 50 million in 2019 for research & development. In 2017, it was renamed from Berry Plastics Group, Inc. to Berry Global, Inc. It operates through offices in over 295 locations and serves its customers across the globe.

Strategy

Berry Plastics Corporation strategies are focused on forming sustainable partnerships with employees, customers, suppliers, and communities incorporating excellence in its business processes to produce high-quality product offerings, achieving growth in the forms of finance, customers, employees, products & services, and global reach, and ensuring safety at workplaces. It invests in strategic acquisitions to align with the above strategic factors and create a diversified portfolio with diversified capabilities to gain competitive advantage globally. Additionally, the company focuses on R&D to develop advanced products and grow its customer base.

Company Snapshot

$8,878M

Revenue

47,000

Employees

1967

Founded

US

Headquarters

SWOT Analysis

Strengths

  • Diverse product portfolio
  • Strong focus on innovation
  • Robust financial growth

Weaknesses

  • Limited market presence outside North America/Europe
  • Employee retention issues

Opportunities

  • Expansion in emerging markets
  • Scope for developing environment-friendly product offerings
  • Business process optimization for enhanced productivity

Threats

  • Rise in raw material prices
  • High risk associated with failure of manufacturing sites owing to major accidents
  • Risk of failure to compete and sustain in tough market conditions

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Key Developments

DateApproachDevelopment
October 2022CollaborationBerry Plastics Corporation and Printpack collaborate for sustainable, flexible packaging. The companies introduce the Preserve PE PCR recyclable polyethylene (PE) pouch. The pouch is How2Recycle-qualified and contains 30% FDA-compliant post-consumer recycled resin (PCR). Berry Global's Entour sealant film technology and the Entour Bold machine direction-oriented print film are featured in the package. A low seal initiation temperature sealant opens up a large processing window for stand-up pouch packaging equipment.
July 2019AcquisitionBerry Plastics Corporation announced the acquisition of RPC Group Plc, a leading manufacturer of a wide range of packaging and select non-packaging products, operating over 189 sites across 34 countries.
November 2017AcquisitionBerry Plastics Corporation acquired Clopay Plastic Products Company, Inc., to improve its technologies and global capabilities to gain a competitive edge.

Product Offering

  • Berry Plastics Corporation
    • Global Food Container Market

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 8,878 Mn in 2019 to USD 13,850 Mn in 2021.
Berry Plastics Corporation — By Business Segment
Series (USD Mn)201920202021
Sales8,87811,70913,850

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