Technology Revolutionizes to-go Cup Industry Providing Consumers a Recyclable Solution with Superior Performance
EVANSVILLE, Ind. – September 23, 2013 – Berry Plastics Group, Inc. (NYSE: BERY) today proudly introduces VersaliteTM, a revolutionary fully-recyclable thermal management packaging solution. The Company is launching the #5 plastic polypropylene-based Versalite technology in the form of hot and cold to-go cups. As a to-go cup, Versalite delivers excellent performance, a positive consumer experience, and environmental advantages over many competing to-go cups.
“The launch of the Versalite cup undoubtedly marks an extremely important day in the history of Berry Plastics; but, more importantly it is a significant milestone for both the plastics industry and the to-go beverage packaging market,” said Jon Rich, Chairman and CEO of Berry Plastics. “The Versalite cup creates the solution consumers have been seeking – a to-go cup that is recyclable and durable, all the while helping to keep their beverage hot or cold for extended periods.”
Berry Plastics is dedicated to creating real solutions for its customers and the industries it serves. The Company conducted in-depth consumer and market research and integrated this insight into the Versalite cup.
“Current to-go cups are made from a myriad of singular and combined substrates including foam, plastic, and paper. Unfortunately, none of the cups currently in the market offer a combination of all of the features consumers are looking for,” explained Adam Unfried, President of Berry Plastics’ Rigid Open Top Division. “Recognizing this void in the marketplace, we set out to develop a cup that provided a superior consumer experience, while being recyclable.”
“During the developmental and trial stages, we worked with several companies in the recycling industry to verify Versalite’s recyclability, and also conducted multiple consumer insight studies,” explained Jason Paladino, Berry Plastics’ Vice President of Research and Development. “During these tests, 8 out of 10 participants who tested the Versalite cup gave it a significantly higher overall rating than the other cups tested. We know consumers want to do the right thing when it comes to the environment, and with Versalite, we’re making it easy.”
About Berry Plastics
Berry Plastics Group, Inc. is a leading provider of value-added plastic consumer packaging and engineered materials delivering high-quality customized solutions to our customers with annual net sales of $4.8 billion in fiscal 2012. With world headquarters in Evansville, Indiana, the Company’s common stock is listed on the New York Stock Exchange under the ticker symbol BERY. For additional information, visit the Company’s website at www.berryplastics.com.