Berry Global to sell tapes unit to Nautic Partners in $540M deal

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 …

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

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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 …

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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 To Sell Tapes Business To Nautic Partners For $540 Mln

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2 days ago · Berry said it will sell the tapes business to Nautic for about $540 million, and that it will use the proceeds of the sale to pay down outstanding debt. The sale is expected to be …

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

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Buying Berry Global, Holding Amcor plc Berry Global to sell tapes unit to Nautic Partners in $540M deal Berry Global Group rated as Overweight at J.P. Morgan on acquisition

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Berry Global Sells Specialty Tapes Unit For $540M, Advances …

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2 days ago · The $540 million sale of Berry's Specialty Tapes business to Nautic Partners represents a strategic move to optimize the company's portfolio. This transaction, combined …

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

1 day from now

2 days ago · Berry Global Group, Inc. (BERY Quick Quote BERY - Free Report) recently entered into a deal to divest its Specialty Tapes business (Tapes) to private equity firm Nautic …

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Berry Global To Sell Off Specialty Tapes Business For $540 Million

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1 day ago · The plastics manufacturer said Tuesday it has reached an agreement to sell its Specialty Tapes business to Nautic Partners, a private equity firm in Providence, Rhode …

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FAQs about Berry Global to sell tapes unit to Nautic Partners in $540M deal 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. ...

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. ...

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 ...

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. ...