-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KTf0imN54z8Z8XTqshDg1Reie5bWks2pjo7n9XkCGrFPEbVR3rTZHvc2z23h2UVW cU83ZQ4ykG0SzYPJGg6Qjg== 0000919463-03-000017.txt : 20031023 0000919463-03-000017.hdr.sgml : 20031023 20031023162603 ACCESSION NUMBER: 0000919463-03-000017 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20031023 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031023 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BPC HOLDING CORP CENTRAL INDEX KEY: 0000919465 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 351814673 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-75706-01 FILM NUMBER: 03954348 BUSINESS ADDRESS: STREET 1: 101 OAKLEY ST STREET 2: P O BOX 959 CITY: EVANSVILLE STATE: IN ZIP: 47710 BUSINESS PHONE: 8124242904 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BERRY PLASTICS CORP CENTRAL INDEX KEY: 0000919463 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS PRODUCTS, NEC [3089] IRS NUMBER: 351813706 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-75706 FILM NUMBER: 03954347 BUSINESS ADDRESS: STREET 1: 101 OAKLEY ST STREET 2: P O BOX 959 CITY: EVANSVILLE STATE: IN ZIP: 47710 BUSINESS PHONE: 8124242904 MAIL ADDRESS: STREET 1: PO BOX 959 CITY: EVANSVILLE STATE: IN ZIP: 47706-0959 8-K 1 bpc8k3q03.txt BPC HOLDING 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): October 15, 2003 __________BPC Holding Corp.________ (Exact name of Registrant as specified in its charter) ____________Delaware__________ (State or other jurisdiction of incorporation) 033-75706-01 351814673 (Commission File Number) (IRS Employer Identification No.) 101 Oakley Street, Evansville, Indiana 47710 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: (812) 424-2904 Item 5 (Other) 1. On October 15, 2003, Berry Plastics Corporation ("Berry") issued a press release announcing that it had entered into a definitive agreement to acquire Landis Plastics, Inc., for $228 million, including repayment of existing indebtedness. A copy of this press release is attached hereto as Exhibit 99.1. 2. On October 23, 2003, Berry issued a press release announcing its intention to issue an additional amount of its 10 3/4% Senior Subordinated Notes due 2012 resulting in gross proceeds of up to $110 million in an add-on private placement offering. A copy of this press release is attached hereto as Exhibit 99.2. Item 7. Financial Statements and Exhibits Exhibit 99.1 Text of press release dated October 15, 2003 Exhibit 99.2 Text of press release dated October 23, 2003 -2- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Berry Plastics Corporation Date: October 23, 2003 By:/s/James M. Kratochvil ---------------------------- James M. Kratochvil Executive Vice President, Chief Financial Officer, Treasurer and Secretary -3- Exhibit Index ------------- 99.1 Text of press release dated October 15, 2003 99.2 Text of press release dated October 23, 2003 -4- EX-99.1 3 ex991.txt PRESS REL LANDIS ACQ Exhibit 99.1 BERRY PLASTICS CORPORATION AGREES TO ACQUIRE LANDIS PLASTICS, INC. EVANSVILLE, INDIANA, OCTOBER 15, 2003 - Berry Plastics Corporation ("Berry") today announced that it has entered into a definitive agreement to acquire Landis Plastics, Inc. ("Landis") for $228 million, including repayment of existing indebtedness. The purchase price will be funded with a combination of debt, an equity investment from Berry's existing investors, and cash on Berry's balance sheet. The transaction is scheduled to close in the fourth quarter of 2003 and is subject to customary closing conditions. Ira Boots, President and CEO of Berry Plastics Corporation, stated "The customers and employees of both Berry and Landis will benefit from the combination of these two outstanding companies. We have grown in different markets but share a commitment to providing superior services to customers and caring for employees while delivering exceptional financial performance. The vision and talent of current Berry employees will be enhanced by the business expertise and skill-sets contributed by Landis." Landis is based in Chicago Ridge, Illinois, with five domestic facilities supporting North American customers. Landis manufactures injection molded and thermoformed plastic packaging for dairy and other food products. Over the past 15 years, Landis has experienced robust organic growth in sales of 10.4%[1]. During 2002, Landis generated $211.6 million of net sales. Gregory Landis, President of Landis Plastics, Inc., will hold a significant equity interest in Berry following the closing of the acquisition, and will join Berry's Board of Directors. Mr. Landis will also serve as President of Berry's newly formed Dairy Division, utilizing the combined Berry and Landis platform to provide expanded product offerings. The combination of Berry's twelve U.S. and international plants with the five Landis domestic facilities will provide enhanced geographic coverage, benefiting the customers of both Berry and Landis. "The Landis team is excited to partner with an organization of the quality of Berry Plastics, " said Mr. Landis. "Berry is providing Landis management with additional resources to continue our history of customer service, quality and innovation." Richard Landis, Chairman of Landis Plastics, who co-founded the company in 1953 with his father, added, "Clearly, our choice of partner was very important to the Landis family, and we believe that this combination will only enhance our relationships with customers and suppliers." [1]Represents compounded annual growth rate from 1987 to 2002. -1- Brent Beeler, Berry's Executive Vice President & General Manager, will assume the role of President for the Container & Consumer Products Division. In his new position, Mr. Beeler will focus on customer needs by continuing to strengthen operating performance. "By joining our two companies, Berry and Landis are creating outstanding opportunities for growth for both our employees and investors while expanding our extensive array of products and broadening our geographical reach," stated Mr. Beeler. Berry has also agreed to acquire four facilities currently leased by Landis from affiliates of Landis. Berry currently intends to assign its right to purchase these facilities to a third party and lease them from that third party. Berry Plastics was advised by Goldman, Sachs & Co. and J.P. Morgan Securities Co. Landis Plastics was advised by Robert W. Baird & Co. Berry Plastics Corporation, a portfolio company of Goldman Sachs Capital Partners and JP Morgan Partners, is a leading manufacturer and marketer of injection-molded and thermoformed plastic open-top containers, aerosol overcaps, closures, drink cups, and housewares. The company is headquartered in Evansville, Indiana, and, together with its subsidiaries, has plants in Henderson, Nevada; Iowa Falls, Iowa; Charlotte, North Carolina; Lawrence, Kansas; Suffolk, Virginia; Monroeville, Ohio; Woodstock, Illinois; Streetsboro, Ohio; Baltimore, Maryland; Norwich, England; Milan, Italy and a sales office in Mexico City, Mexico. # # # Contact: Berry Plastics Corporation: Ira Boots tel. (812) 424-2904 Landis Plastics, Inc.: Gregory Landis tel. (708) 239-2390 Certain statements and information included in this release may constitute "forward looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Berry Plastics to be materially different from any future results, performance, or achievements expressed or implied in such forward looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the companies' SEC filings. The companies do not undertake any obligation to update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. -2- EX-99.2 4 ex992.txt PRESS REL ADDITIONAL SENIOR SUB NOTES Exhibit 99.2 CONTACT: JIM KRATOCHVIL Executive Vice President, Chief Financial Officer, Treasurer & Secretary 812/424-2904 BERRY PLASTICS CORPORATION ANNOUNCES PROPOSED ADD-ON ISSUANCE OF ITS 10 3/4% SENIOR SUBORDINATED NOTES DUE 2012 FOR IMMEDIATE RELEASE: EVANSVILLE, IN, October 23, 2003 - Berry Plastics Corporation, a Delaware corporation, announced today that it intends to issue an additional amount of its 10 3/4% Senior Subordinated Notes due 2012 resulting in gross proceeds of up to $110 million in an add-on private placement offering. Berry previously issued $250,000,000 aggregate principal amount of the 10 3/4% Senior Subordinated Notes due 2012. The Company intends to use the net proceeds from the offering, together with cash on hand, an equity contribution of approximately $55 million to $65 million, including approximately $10 million in rollover from Landis management, and borrowings of approximately $55 million to $65 million under a proposed amendment to the Company's senior secured credit facility, to finance the purchase price of the Company's previously announced acquisition of Landis Plastics, Inc. The notes will be offered in a private placement only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended, and to non-U.S. persons in reliance on Regulation S under the Securities Act. The notes will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration. This press release shall not constitute an offer to sell or a solicitation of an offer to buy such notes in any jurisdiction in which such offer or sale would be unlawful and is issued pursuant to Rule 135c promulgated under the Securities Act. Berry Plastics Corporation is a leading manufacturer and marketer of injection- molded and thermoformed plastic open-top containers, aerosol overcaps, closures, drink cups, and housewares. The company is headquartered in Evansville, Indiana, and, together with its subsidiaries, has plants in Henderson, Nevada; Iowa Falls, Iowa; Charlotte, North Carolina; Lawrence, Kansas; Suffolk, Virginia; Monroeville, Ohio; Woodstock, Illinois; Streetsboro, Ohio; Baltimore, Maryland; Norwich, England; Milan, Italy and a sales office in Mexico City, Mexico. Berry Plastics' principal owners include Goldman Sachs Capital Partners, J. P. Morgan Partners, and members of Berry's management. -1- Certain statements and information included in this release may constitute "forward looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Berry Plastics to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the Company's SEC filings. The Company does not undertake any obligation to update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events, or otherwise. # # # -2- -----END PRIVACY-ENHANCED MESSAGE-----