December 16, 2008
by Canadian Packaging Staff
Berry Plastics Corporation, an Apollo Management, L.P. and Graham Partners portfolio company, announced last month that it has agreed to acquire certain assets of Erie County Plastics Corporation, a custom injection molder of plastics packaging and components.
Erie Plastics previously filed for bankruptcy protection on September 29, 2008, and Berry Plastics was the successful bidder for the majority of the assets of Erie Plastics including equipment, inventory and other tangible and intangible assets.
Berry Plastics, a leading manufacturer and marketer of plastic packaging products based in Evansville Ind., anticipates closing on the transaction this week.