Berry Plastics Under New Ownership

Berry Plastics Group, Inc., an affiliate of the private equity firms Apollo Management, L.P. and Graham Partners today completed their previously announced acquisition of BPC Holding Corporation (parent of Berry Plastics Corporation) from Goldman Sachs Capital Partners and JPMorgan Partners. Mr. Ira Boots will remain President and Chief Executive Officer and the existing senior management team will continue to lead Berry Plastics.

"We are very excited about being acquired by Apollo Management and Graham Partners. Servicing our customers while meeting the needs of our employees, owners and investors will remain our focus. The management skills and packaging sector knowledge provided by Apollo Management and Graham Partners, coupled with the strength of Berry Plastics, will set the trend in leveraged buyouts," said Mr. Boots. "We are grateful for the past successes achieved by Berry Plastics under the leadership of Joe Gleberman, Goldman Sachs Capital Partners, and Mat Lori, CCMP Capital Advisors, LLC."