Superfos Divests U.S. Business

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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