Broad-based converter Berry Global looks at "strategic alternatives" for its Health, Hygiene & Specialties segment
Evansville, IN-based Berry Global Group, Inc., has initiated a formal evaluation of strategic alternatives for its Health, Hygiene and Specialties segment (“HH&S”). There is no deadline or definitive timetable set for completion of the process, the company said in a press release.
HH&S is a leading provider of nonwovens (above), specialty films, and tapes for a broad range of end markets, including healthcare, hygiene, consumer, building and construction, and industrials. The segment is well-positioned in its core businesses, providing value-added products to many of the world's leading brand owners.
The company is considering a wide range of available alternatives to maximize shareholder value, including, but not limited to, a sale, strategic partnership or joint venture, spin-off to shareholders, or other separation transaction for some or all of the businesses within HH&S. Importantly, Berry Global expects current members of the HH&S leadership team will continue to lead the business in any anticipated outcome.