Berry Global to Sell Specialty Tapes Business to Nautic for $540M
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Berry Global has agreed to sell its Specialty Tapes business to Nautic Partners for $540 million. This move is part of Berry Global's strategy to focus on its core businesses and support its capital allocation priorities.
November 26, 2024 | 4:00 pm
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Berry Global is selling its Specialty Tapes business to Nautic Partners for $540 million. This divestiture aligns with Berry Global's strategy to concentrate on core businesses and optimize capital allocation.
The sale of the Specialty Tapes business allows Berry Global to streamline its operations and focus on its core business areas. This strategic move is likely to be viewed positively by investors as it supports the company's capital allocation priorities, potentially leading to a positive impact on the stock price.
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