Berry Global to Sell Specialty Tapes Business to Nautic for $540M

Berry Global Group, Inc. BERY recently entered into a deal to divest its Specialty Tapes business (Tapes) to private equity firm Nautic Partners, LLC (Nautic) for about $540 million. Based in ...

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Berry Global To Sell Specialty Tapes Business To Nautic For $540M

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Berry Global Group, Inc. BERY recently entered into a deal to divest its Specialty Tapes business (Tapes) to private equity firm Nautic Partners, LLC (Nautic) for about $540 million. Based in ...

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Berry Global Sells Specialty Tapes Business For $540M - MSN

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Berry Global (NYSE:BERY) announced the sale agreement for its Specialty Tapes business to the private equity firm Nautic Partners, for ~$540M. This separation is aligned with Berry’s broader ...

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Berry Global To Sell Tapes Unit To Nautic Partners In $540M Deal

1 day from now

Berry Global (NYSE:BERY) said Monday it agreed to sell its Specialty Tapes business to P-E firm Nautic Partners for a headline purchase price of ~$540M. Berry (BERY) said the sale of the …

msn.com

$540
OFF

Berry Global To Sell Specialty Tapes Business To Nautic For $540M

1 day from now

Berry Global Group, Inc. BERY recently entered into a deal to divest its Specialty Tapes business (Tapes) to private equity firm Nautic Partners, LLC (Nautic) for about $540 million. Based in ...

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FAQs about Berry Global to Sell Specialty Tapes Business to Nautic for $540M Coupon?

Is Berry Global selling its specialty tapes business to Nautic Partners?

B erry Global (NYSE: BERY) said Monday it agreed to sell its Specialty Tapes business to P-E firm Nautic Partners for a headline purchase price of ~$540M. ...

When will Berry Global Group buy tapes?

The transaction is expected to complete by H1 2025. The sale of the Tapes business further reinforces the strategic rationale for the combination and has no material impact on the financial profile of the combined entity. More on Berry Global Group ...

Why did Berry Global divest its tapes business?

The divestment of the Tapes business will help Berry Global to focus on its core businesses while supporting its capital allocation priorities. It supports the company’s strategy to focus on more stable, high-growth consumer markets. BERY expects to use the cash proceeds of the transaction, net of modest taxes, to reduce its debt. ...

Will the sale of the tapes business affect Berry Global's financial profile?

Berry Global noted the sale of the Tapes business further reinforces the strategic rationale for the combination and has no material impact on the financial profile of the combined entity. Price Action: BERY shares are down 1.47% at $70.50 at the last check Tuesday. Read Next: UNLOCKED: 5 NEW TRADES EVERY WEEK. ...