SAPA S.p.A. acquired Promens Zevenaar and Promens Rõngu from Berry Global Group, Inc..
January 15, 2024
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SAPA S.p.A. acquired Promens Zevenaar and Promens Rõngu from Berry Global Group, Inc. (NYSE:BERY) on January 16, 2024. For FY ended September 2023, two plants achieved a total turnover of ?105 million and employ over 600 people. On this transaction SAPA was advised by Banca Akros Oaklins Italy as financial advisor and Gianfranco Veneziano of Bonelli Erede as legal advisor, and Berry Global, Inc. was advised by Magma International AG as financial advisor and DLA Piper Nederland N.V. as legal advisor. Tommaso Borelli, Head of Italy at LIVA, acted as insurance broker for the identification of the insurer and for the negotiation of the W&I Policy.
SAPA S.p.A. completed the acquisition of Promens Zevenaar and Promens Rõngu from Berry Global Group, Inc. (NYSE:BERY) on January 16, 2024.
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. It is also engaged in offering a full suite of tooling capabilities, including injection, blow, compression, and thermo-forming molds.
BERRY GLOBAL GROUP, INC. 
