Berry Global Group Inc. is reportedly weighing options for its nonwoven fabrics business, including a possible sale that could fetch as much as $2 billion, reported Bloomberg News.
The U.S. packaging company is speaking to advisors about its Nonwovens & Components unit and is considering both a divestment and bringing in a strategic partner, according to Bloomberg. Berry’s nonwovens business sits within its Health, Hygiene and Specialties division and makes fabrics used by industries ranging from baby care to construction. Its brands include Endura and Reemay.