Berry global announces agreement to sell specialty tapes business to nautic partners

Evansville, ind.--(business wire)--berry global group, inc., (“berry”) (nyse:bery) announced today it has entered into a definitive agreement to sell its specialty tapes business (“tapes”) to the private equity firm nautic partners, llc (“nautic”) for a headline purchase price of approximately $540 million, which is subject to a number of closing adjustments. the tapes business is a franchise highly valued by its industrial customers. as a result, this separation is aligned with berry's broader.
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