Arx Equity Partners Limited completed the acquisition of Promens A.S. from Berry Global Group, Inc..
April 22, 2021
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Arx Equity Partners Limited agreed to acquire Promens A.S. from Berry Global Group, Inc. (NYSE:BERY) on April 14, 2021. Post completion, existing management team of Promens will continue to lead its future growth and development. For the year ending December 31, 2020, Promens Zlin reported revenues of approximately €37 million. Radek Janecek of Squire Patton acted as Real Estate Lawyer and Investor to ARX Equity Partners - Plastic Acquisition. DLA Piper LLP acted as legal advisor for Berry Global.
Arx Equity Partners Limited completed the acquisition of Promens A.S. from Berry Global Group, Inc. (NYSE:BERY) on April 23, 2021.
Berry Global Group, Inc. creates packaging and engineered products. The Company operates through four segments: Consumer Packaging International, Consumer Packaging North America, Health, Hygiene and Specialties, and Engineered Materials. The Consumer Packaging International segment primarily consists of closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, and containers. The Consumer Packaging North America segment primarily consists of containers and pails, foodservice, closures, bottles, prescription vials, and tubes. The Health, Hygiene & Specialties segment primarily consists of healthcare, hygiene, specialties, and tapes. The Engineered Materials segment primarily consists of stretch and shrink films, converter films, institutional can liners, food and consumer films, retail bags, and agriculture films. The Company partners with customers to develop, design, and manufacture products with a focus on the circular economy.