Berry Plastics Corporation Completes
Acquisition of Pliant Corporation
EVANSVILLE, Ind.—Berry Plastics Corp. has completed its previously announced acquisition of 100 percent of the common stock of Pliant Corp. Pliant Corp. emerged from bankruptcy effective December 3, 2009. The newly acquired business will be operated as Berry's Specialty Films Division and will be run by R. David Corey, the former chief operating officer of Pliant. Berry's current Flexible Films Division will now be known as the Film Products Division.
Astro-Med Acquires Label Line
WEST WARWICK, R.I.—Astro-Med, Inc. has acquired Label Line Ltd., a manufacturer of labels and tags located in Asheboro, N.C. Label Line will become part of Astro-Med's QuickLabel Systems brand, a manufacturer of digital color label printers and related labels, tags, and ink supplies. The facilities and employees of the former Label Line will remain in North Carolina, and enable QuickLabel Systems to serve customers nationwide with high-end offset and flexographic printed labels, hot stamp labels, string tag labels, apparel labels and tags, bar code labels, and specialty custom-printed materials, according to the company.
Commenting on the acquisition, Albert W. Ondis, Astro-Med CEO said: "The acquisition of Label Line is in accordance with the Three Year Strategic Business Plan we adopted in August, which calls for us to make a few modest acquisitions that, along with internal growth, will drive our revenue toward the $100 million mark. We expect this acquisition to allow us to realize approximately $5 million in sales that will be accretive to revenues as well as earnings."
Bill Lineberry, former president of Label Line, will join QuickLabel Systems as a consultant.
RockTenn Receives P&G Supplier Award
NORCROSS, Ga.—RockTenn was named a 2009 "Supplier of the Year" by Procter & Gamble (P&G), the highest honor in its global supplier category. RockTenn was one of only seven companies named "Supplier of the Year" among P&G's 80,000 global suppliers.