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Berry Plastics Group, Inc. Prices Initial Public Offering

EVANSVILLE, Ind.--(BUSINESS WIRE)-- Today, Berry Plastics Group, Inc. (Berry Plastics) announced that it has priced an initial public offering of 29,411,764 shares of its common stock at $16.00 per share. The common shares are expected to begin trading on the New York Stock Exchange on October 4, 2012, under the ticker symbol “BERY.” The underwriters have the option to purchase up to an additional 4,411,764 common shares from Berry Plastics, at the same price. The offering is expected to close on or about October 9, 2012 subject to customary closing conditions.

BofA Merrill Lynch, Citigroup, Barclays, Deutsche Bank Securities, Credit Suisse, Goldman, Sachs & Co. and Baird are acting as joint book-running managers for the offering.

Lazard Capital Markets, Wells Fargo Securities, SunTrust Robinson Humphrey, Lebenthal & Co., LLC and Apollo Global Securities are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission (SEC). A copy of the registration statement can be obtained from the SEC’s website at www.sec.gov.

The offering is being made only by means of prospectus. A copy of the final prospectus relating to the offering may be obtained from: BofA Merrill Lynch, 222 Broadway, 7th Floor, New York, NY 10038 Attn: Prospectus Department, email: dg.prospectus_requests@baml.com or Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, phone: 800-831-9146.

This press release shall not constitute an offer to sell or the solicitation of an offer to by, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Berry Plastics

Berry Plastics Group, Inc. is a leading manufacturer and marketer of plastic packaging products. The Company is a major producer of a wide range of products, including open top and closed top packaging, polyethylene-based plastic films, industrial tapes, medical specialties, flexible packaging, heat-shrinkable coatings, specialty laminates, and FIBCs. With headquarters in Evansville, Indiana, the Company serves over 13,000 customers, ranging from large multinational corporations to small local businesses.

Forward-looking statements

Certain statements and information included in this release may constitute "forward looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Berry Plastics to be materially different from any future results, performance, or achievements expressed or implied in such forward looking statements. Additional discussion of factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations is contained in the companies' SEC filings. The companies do not undertake any obligation to update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Berry Plastics Group, Inc.
Media Contact:
Eva Schmitz, 812-306-2424
evaschmitz@berryplastics.com
or
Investor Contact:
Dustin Stilwell, 812-306-2964
dustinstilwell@berryplastics.com

Source: Berry Plastics Group, Inc.