Berry Plastics Group, Inc. is a leading provider of value-added plastic consumer
packaging, nonwoven specialty materials and engineered materials with a track
record of delivering high-quality customized solutions to our customers. Representative
examples of our products include closures, prescription vials, specialty films,
adhesives, nonwovens, drink cups, containers, and bottles. We sell our products
predominantly into stable, consumer-oriented end-markets, such as healthcare,
personal care, and food and beverage.
Our customers consist of a diverse mix of leading global, national, mid-sized
regional and local specialty businesses. The size and scope of our customer
network allows us to introduce new products we develop or acquire to a vast
audience that is familiar with our business. In fiscal 2016, no single customer
represented more than 5% of net sales and our top ten customers represented
19% of net sales. We believe our manufacturing processes and our ability to
leverage our scale to reduce expenses positions us as a low-cost manufacturer
relative to our competitors.
In November 2015, the Company reorganized into three operating segments: Health,
Hygiene & Specialties, Consumer Packaging, and Engineered Materials. The
new structure is designed to align us with our customers, provide improved service,
drive future growth and to facilitate future cost saving synergies. The Consumer
Packaging segment primarily consists of containers, foodservice items, closures,
overcaps, bottles, prescription vials, tubes, and printed films. The Health,
Hygiene & Specialties segment primarily consists of nonwoven specialty materials
used in hygiene, infection prevention, personal care, industrial, construction,
and filtration applications. The Company included 100% of the acquired Avintiv
business in the Health, Hygiene & Specialties segment in order to maintain
management continuity and limit business integration risk. The Engineered Materials
segment primarily consists of pipeline corrosion protection solutions, tapes
and adhesives, polyethylene based film products, can liners, and specialty coated
and laminated products. The Company has recast all prior period amounts to conform
to this new reporting structure.
Containers. We manufacture a collection of nationally branded container products
which range from four ounces to five gallons and are offered in various styles
with accompanying lids, bails and handles, as well as a wide array of decorating
options.
Tape Products. We believe we are a leading North American manufacturer of cloth
and foil tape products. Other tape products include high-quality, high-performance
liners of splicing and laminating tapes, flame-retardant tapes, vinyl-coated
and carton sealing tapes, electrical, double-faced cloth, masking, mounting,
OEM, and medical and specialty tapes. Tape products are sold primarily through
distributors and directly to end users for industrial, HVAC, automotive, construction,
and retail market applications.