Berry Plastics Takes Controlling Interest in Chinese Packaging Firm
EVANSVILLE, IN—Berry Plastics’ acquisition of the controlling interest of Qingdao P&B Co., Ltd. (P&B) has been approved by China’s competent approval authority. Berry Plastics will own 75 percent of P&B, with a minority ownership position retained by Peter Song, who is the original founder of P&B andgeneral manager. Song will remain in place. The company … Continued