BERY - Rhizome Partners - Bery Global Group Inc.
The following segment was excerpted from this fund letter.
Berry Global (BERY) – The Company makes plastic packaging such as plastic containers, films, tapes, bags, and liners under their Consumer Packaging, Health, Hygiene, & Specialties and Engineered Materials divisions. Berry enjoys structural scale advantages over its smaller peers through discounts in raw materials purchasing.
Q2 2019 Updates – Since the beginning of the year, Berry has experienced organic EBITDA declines in its Engineered Materials and Health, Hygiene, & Specialties divisions. Per management’s commentary, the decline in Engineered Materials’ EBITDA is due to attempts to