# Berry Global and Glatfelter to merge Berry's nonwovens and films business in tax-free spin-off

Berry Global agreed to spin off and merge its Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter in a Reverse Morris Trust deal valuing the combined company at $3.6 billion enterprise value. Berry shareholders will own 90% of the combined company and Berry will receive about $1 billion in cash.

- Type: Acquisition
- Announced: 2024-02-07
- Where: United States
- Value: $3.60B
- Status: announced
- Products: nonwovens, films, specialty materials
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Berry Plastics](https://endata.com/companies/829.md)
- [Glatfelter](https://endata.com/companies/3467.md) (partner)

## Sources

- [packagingsolutions.amcor.com](https://packagingsolutions.amcor.com/en/news/articles/15106-berry-global-and-glatfelter-announce-plans-for-tax), 2024-02-07: "Berry Global Group, Inc. and Glatfelter Corporation announced today they have entered into definitive agreements for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties segment"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.