Berry Plastics Group Inc. (NYSE: BERY) has agreed to acquire AEP Industries Inc. (Nasdaq: AEPI)for $765 million in cash and stock. The target’s shareholders will be paid in half stock and half cash.

AEP, based in Montvale, New Jersey makes flexible plastic films that are used to package consumer, industrial and agricultural products out of its 14 North American manufacturing facilities. The company has $1.1 billion in annual sales and $103 million in annual Ebitda.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.