FX.co ★ Berry Global To Sell Specialty Tapes Business To Nautic Partners For About $540 Mln

Berry Global Group Inc. (BERY) has confirmed an agreement to divest its Specialty Tapes division to Nautic Partners, LLC, a private equity firm, for an approximate headline amount of $540 million, pending several closing adjustments. Proceeds from this transaction will be utilized by Berry to reduce existing debt. The deal is anticipated to conclude in the first half of 2025.