Superfos Divests U.S. Business
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Superfos, Denmark, agreed this week to sell its U.S. business (Superfos Packaging) to Berry Plastics Corp., one of the largest plastic packaging manufacturer's in North America. Berry will pay approximately $82 million, including assumed debt, for Superfos Packaging. Superfos has been present in the U.S. since 1986 when it started up a greenfield operation producing and selling injection molded plastic packaging. The company's annual turnover for 2008 was $46.8 million and the U.S. business has approximately 180 employees.
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