Berry responds to Canyon Capital’s call for it to deleverage faster and do better job defending sustainability of plastics
CLOVERDALE, CA, February 24, 2020-
One day after investor group Canyon Capital Advisors LLC issued a call for Berry Global to accelerate the pace of deleveraging and do a better job of explaining the sustainability of its products, nonwovens and packaging giant Berry defended the pace and direction of its actions in a public statement.
Commenting that, “Berry Global regularly engages with shareholders, including Canyon Capital, and values their constructive input,” the company went on to outline three key “strategic initiatives” which it believes are guiding it towards exactly the outcome Canyon Capital hopes for.
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