Berry Global Group, Glatfelter Secure Regulatory Approvals for Planned Business Combination

Berry Global Group (BERY) and Glatfelter (GLT) said Tuesday that they have completed the regulatory approvals required to complete their previously announced plan to merge Berry's HHNF business with Glatfelter.

The HHNF business includes a majority of Berry's health, hygiene, and specialties segment and the planned transaction has already cleared the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, according to the statement.

Berry and Glatfelter expect to close the transaction in the second half of the year, subject to Glatfelter shareholders' approval and other customary conditions.

The companies said they aim for the business combination to create a publicly traded company in the specialty materials sector.