Berry Global Group plans to repay debt with proceeds from asset sale

By Marisa Wong

Los Angeles, July 30 – Berry Global Group, Inc. said it intends to repay debt using proceeds from the sale of its Seal for Life business to Arsenal Capital Partners.

Berry plans to sell the business for $330 million.

Berry is an Evansville, Ind.-based supplier of a non-woven, flexible and rigid products used within consumer and industrial end markets.

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