Expanded market position across various rigid and flexible product segments; and Well-diversified customer base, mostly in food and consumer products markets. Fragmented and highly competitive industry structure; High and volatile raw material (plastic resin) prices; and High debt and a highly leveraged financial policy, with an acquisition-driven growth strategy. The rating on Berry Plastics Group Inc. and its subsidiary Berry Plastics Corp. (formerly known as Berry Plastics Holding Corp.) reflects the company's highly leveraged financial profile, which offsets its fair business profile with large market shares in niche segments, a well-diversified customer base, and strong customer relationships. Berry ranks among the largest packaging companies in North America, with leading positions in both the rigid and flexible plastic packaging segments. Pro
