Berry Global, Inc (Ticker BERY) is a Fortune 500 global manufacturer and marketer of plastic packaging products. Their history is rich in product innovation, customer focus, and strategicgrowth. They were originally established in 1967 as Imperial Plastics with roots as a small, home-town company based in Evansville Indiana. In 1983, Imperial Plastics was purchased by Jack Berry, Sr., and renamed Berry Plastics. The company changed its name to Berry Global, Inc. in April 2017 to portray a more balanced view of who they are to their customers, investors, and as a company. Berry has grown into a multi-billion dollar public corporation. There are 130 locations in North and South America, Europe, and Asia.
Berry believes that their employees are their most valuable asset and attribute their success as a company in part to the ability to recruit, hire and maintain a positive and productive workforce. Everyone operates as a team – One Berry. They understand the importance of diversity in team members and appreciate the unique talents and perspectives that each employee brings to the organization.
As a global leader in packaging and protection solutions, Berry Global has a responsibility to play a positive role in the communities and environments in which they operate and serve. They believe in the power of good in the workplace and their communities. They partner with organizations such as Trash Free Seas Alliance to be part of the work to eliminate marine debris. Berry Global also focuses on social responsibility efforts for their employees and communities by partnering with organizations such as United Way and participating in Earth Day where their goal is to provide information on the importance of reducing, reusing, and recycling all types of materials.
Sustainability is an essential design principal in new product development. They focus on optimizing product designs to reduce material usage and design with the environment in mind. Collaboration with customers also provides design alternatives that can increase the utilization of recycled content. They strive to reduce their carbon footprint by focusing on usage reduction and alternative sources of energy. Areas of focus include maximizing energy efficiency, mitigating greenhouse gas emissions, finding new ways to put their waste to use, reducing water intensity and developing products for the circular economy. Tom Salmon, Chairman and CEO of Berry Global states, “Our Sustainability Mission and Vision reflect the importance with which we view this aspect of our business. Our continuous improvement mindset will continue to drive our efforts of ‘Always Advancing to Protect What’s Important.’
Berry Global takes great pride in their people and what they have developed in the way of products and services. Their company values of Partnerships, Excellence, Growth and Safety define not only their purpose as a company, but the principles that guide their decision making. This has allowed them to become a leader in their industry and why we recognize Berry Global as a Shining Light Company!
DISCLOSURE: Shining Light Companies are exemplary companies who live out the Golden Rule in their business practices, demonstrate strong servant leadership and create compelling value through the products and services they offer. This is intended for general information purposes concerning only the values, corporate culture and business practices of the companies being spotlighted. It DOES NOT incorporate any analysis of the companies’ investment merit based on intrinsic value, fundamental analysis, etc. This must not be construed as investment advice or a buy/sell recommendation. These companies may or may not be included in our LightPoint Portfolios at any given time.