China Says Berry Plastics Can Buy Qingdao Packaging Producer

Plans by U.S.-based Berry Plastics Group to buy a controlling interest in Chinese packaging producer Qingdao P&B have been approved by regulatory authorities in the People's Republic.  At some point in February, Berry will complete its acquisition of 75% of the Chinese company. P&B founder Peter Song, who is currently general manager will retain a majority stake and keep his position.

In future, the company, with annual revenues of $34 million, will trade as Qingdao Berry Plastics Limited, producing rigid plastic packaging and personal care products for customers in China as well as globally. P&B operates a state-of-the-art manufacturing facility using thermoform, injection, and automated assembly manufacturing processes.