At a news conference held at the Madisonville/Hopkins County Economic Development Corporation, Berry Plastics Group, Inc. (NYSE: BERY), together with Kentucky Governor Steve Beshear, announced that the Company will reopen its Madisonville, Kentucky, manufacturing facility to increase its production capacity.
“I am very pleased to announce that we will soon begin reconfiguring our Madisonville, Kentucky, facility which is slated to begin production in 2013,” said Jon Rich, Chairman and CEO of Berry Plastics. “We are extremely appreciative of the Commonwealth of Kentucky, Hopkins County officials, and the city of Madisonville for their joint support of this initiative, which will allow us to reopen the facility, creating the opportunity for new jobs within the region and specifically the Madisonville community.”
“This is a tremendous day for the Commonwealth, Madisonville, and Berry Plastics, with more than 400 jobs being created and a significant capital investment being made,” said Gov. Beshear. “Today’s announcement is a demonstration that Berry Plastics continues to build on its growth as a leading global manufacturer in its field.”
“Today is indeed a great day in Madisonville,” said Madisonville Mayor David Jackson. “The city of Madisonville welcomes Berry Plastics’ investment of capital and jobs to our industrial community. The tremendous investment and large number of jobs will have a wonderful impact on our community. Many of our citizens will have increased opportunities to prosper economically leading to higher standards of living. Our thanks go to Berry Plastics for making the decision to invest in Madisonville, to the Commonwealth of Kentucky for assisting in this project, the Madisonville/Hopkins County Economic Development Corporation for steering the project, and the wonderful citizens of Madisonville, whose work ethic and desire for growth makes this city competitive in economic development.”Berry acquired the Madisonville (Hopkins County) facility during its acquisition of Rexam’s specialty and beverage closures business in August 2011. Earlier this year, the Company shuttered the facility, as a result of the redistribution of production to its other rigid closed top manufacturing facilities. The facility had employed approximately 140. Berry announced today that it will convert the facility to manufacture rigid open top products.