Berry Global Group Stock

Berry Global Group, Inc. (Berry) operates as a global supplier of a broad range of innovative rigid, flexible and non-woven products.

The company sells its products predominantly into stable, consumer-oriented end markets, such as healthcare, personal care, and food and beverage. The company's customers consist of a diverse mix of global, national, regional and local specialty businesses.

Segments

The company's operations are organized into four reporting segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene & Specialties.

Consumer Packaging International

The Consumer Packaging International segment is a manufacturer of rigid products that primarily services non-North American markets. Product groups within the segment include Closures and Dispensing Systems, Pharmaceutical Devices and Packaging, Bottles and Canisters, Containers, and Technical Components.

Consumer Packaging North America

The Consumer Packaging North America segment is a manufacturer of rigid products that primarily services North American markets. Product groups within the segment include Containers and Pails, Foodservice, Closures, Bottles and Prescription Vials, and Tubes.

Engineered Materials

The Engineered Materials segment is a manufacturer of flexible products that services primarily North American and European markets. Product groups within the segment include Stretch and Shrink Films, Converter Films, Institutional Can Liners, Food and Consumer Films, Retail Bags, and Agriculture Films.

Health, Hygiene & Specialties

The Health, Hygiene & Specialties segment is a manufacturer of non-woven and related products that services global markets. Product groups within the segment include Healthcare, Hygiene, Specialties, and Tapes.

During the year ended September 30, 2023 (fiscal 2023), the company initiated a formal process to evaluate strategic alternatives for its Health, Hygiene and Specialties segment.

Marketing and Sales

The company reaches its large and diversified customer base through a direct sales force of dedicated professionals and the strategic use of distributors.

Research and Development

The company incurred research and development expenditures of $82 million in the year ended September 30, 2023.

History

The company was founded in 1967. It was incorporated in 2005. The company was formerly known as Berry Plastics Group, Inc. and changed its name to Berry Global Group, Inc. in 2017.