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New Deal


Announced

Chiltern to acquire Strata Products from Berry Global.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Plastics

Private Equity

Pending

United Kingdom

plastic products

Private

Majority

Friendly

Single Bidder

Synopsis

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Chiltern, a private equity firm, agreed to acquire Strata Products, a manufacturer and distributor of plastic products for home, office and garden markets, from Berry Global, a manufacturer and marketer of plastic packaging products. Financial terms were not disclosed. “Strata has a proven history of manufacturing high quality innovative plastic products, and we look forward to continuing to work closely with our trusted customer base. With Chiltern’s and Glen’s support, we will drive growth in the UK through new product development, as well as continuing our expansion in Europe and North America,” Jay Ilsen, Chiltern CEO.

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