Effective on the transaction date, all employees located in Berry Plastics’ Bremen, Georgia, facility and the commercial employees supporting this business became employees of WNA.
Berry Plastics also announced the related closure of its Coon Rapids, Minnesota, facility. As part of the sale of Berry Plastics’ Kits and Catering businesses, WNA purchased the equipment and inventory at Coon Rapids. Over the next several months WNA will transition these assets to other WNA locations. During this period, Berry Plastics will continue to operate the facility. It is anticipated that the full closure of the Coon Rapids facility will occur no later than December 31, 2013.
“At Berry Plastics, we continually evaluate our product and business portfolio to ensure that we are dedicating resources to those product lines that are the best strategic fit for our Company. During this process, it was determined that our Kits and Catering businesses would be best affiliated with a company, such as WNA, that is a leader within this market,” said Rich.
About Berry PlasticsBerry Plastics Group, Inc. is a leading provider of value-added plastic consumer packaging and engineered materials delivering high-quality customized solutions to our customers with annual net sales of $4.8 billion in fiscal 2012. With world headquarters in Evansville, Indiana, the Company’s common stock is listed on the New York Stock Exchange under the ticker symbol BERY. For additional information, visit the Company’s website at www.berryplastics.com. Forward-looking statements 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.
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