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The new name reflect the company's new mission statement and values.
April 6, 2017
By: Marie Redding
Senior Editor
Berry Plastics Group, Inc. has changed its name to Berry Global Group, Inc. — and Berry Plastics Corporation is now Berry Global, Inc. Both name changes will be effective April 13, 2017. The new names better reflect the company’s new mission statement and values. Berry Global, Inc. is a wholly owned subsidiary of Berry Global Group. The company’s New York Stock Exchange symbol BERY hasn’t changed. “By changing our name to Berry Global we are portraying a more balanced view of who we are to our customers, our investors, and ourselves,” says Tom Salmon, Berry’s Chief Executive Officer. Salmon continues to explain, “Our business has transformed significantly since our name became Berry Plastics in 1983. Berry has evolved from one manufacturing facility in Evansville, Indiana, to over 130 facilities throughout the world. And our business has grown from less than $25 million in annual revenue in 1983 to now over $7 billion, reflecting the AEP acquisition.” A New Corporate Mission The company also has a new corporate mission statement, “Always Advancing to Protect What’s Important,” and says the name was changed to reflect the company’s new values, listed below. “Two critical components of Berry’s culture are Continuous Improvement and Innovation,” explained Salmon. “As such, we are ‘Always Advancing’ to improve the way we work and to improve the products and services we provide. The Logo: Reinforces the Importance of the Company’s Values With the name change and new mission, Berry has also adopted a new logo and values. The logo was developed with the company’s values in mind. “Our values serve as the cornerstone of Berry. The icon in the logo illustrates those four values, Partnership, Excellence, Growth, and Safety,” said Salmon.
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