• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Applications
    • Technology
    • Market
    • Other
    • Top 40
    • Buyers Guide
    • Hygiene Directory
    • More
  • Magazine
  • News
  • Exclusives
  • Applications
  • Technology
  • Market
  • Other
  • Top 40
  • Buyers Guide
  • Hygiene Directory
  • Current / Back Issues
    Features
    Editorial
    Columns
    Digital Edition
    Southeast Asia Edition
    eNewsletter Archive
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    Fibers Report

    Household Wipes Market

    Sustainable Hygiene Products Gain Ground

    Moist Toilet Wipes Lead 2024 Growth, Baby Wipes Decline, and General-Purpose Wipes Bounce Back

    Dissolvable Wipes. Will They Be the Industry’s Next Big Thing?
    Company Cameo
    Financial News
    Machinery Equipment
    New Products
    Nonwovens News
    Patent Review
    People in the News
    Supplier News
    Top News
    Live From Shows
    Top News
    Lola Partners with Minnesota Lynx

    Freudenberg to Showcase Advanced Foam Replacement at FOAM Expo

    Ahlstrom Completes Molecular Filtration Line

    Nice-Pak Relaunches the Wet-Nap

    Ontex Expands iD Discreet Range
    Nonwovens Insights
    Online Exclusives
    Adult Incontinence
    Absorbent Core
    Antimicrobials
    Apparel
    Automotive and Transportation
    Face Masks
    Chemicals / Adhesives
    Construction
    Contract Services
    Diaper, Baby
    Electronics
    Feminine Hygiene
    Fibers
    Filtration
    Flame Retardance
    Geotextile / Agrotextile
    Home Products
    Hygiene Film/Components
    Industrial / Institutional
    Inspection / Quality Control
    Machinery and Equipment
    Medical
    Wipes

    Lola Partners with Minnesota Lynx

    Nice-Pak Relaunches the Wet-Nap

    Ontex Expands iD Discreet Range

    LiL' Dude Wipes Launch

    Smithers Predicts Growth for Nonwoven Battery Separators
    Air Through Bonding
    Airlaid
    Carded/Carding
    Chemical Bonded
    Composite
    Meltblown
    Needlepunch
    Nanotechnology
    Spunbond
    Spunbond/Spunmelt
    Spunlace
    Thermal Bonded
    Wetlaid

    Freudenberg to Showcase Advanced Foam Replacement at FOAM Expo

    Reifenhauser Reicofil GmbH & Co.

    Enka Tecnica GmbH / Reifenhauser Heinsberg GmbH

    Sandler Group

    SGN Holds Grand Opening for Rabigh Expansion
    China
    Eastern Europe/Russia
    India
    Middle East/North Africa
    North America
    Pacific Rim
    South/Central America
    Turkey
    Western Europe

    A Look At Megasoft—Asia's Vertically Integrated Hygiene Producer

    CIDPEX Middle East to be Held in September

    Pelsan Tekstil to Add Films Production in North Carolina

    Citadel J – From Round Wipes Roll to Revenue

    Autoneum Acquires Chinese Automotive Supplier
    Associations
    Contracts / Awards
    Education
    Facilities / Capacity
    Green / Sustainability
    Legal / Regulatory
    Market Data
    Flushability
    Mergers and Acquisitions
    Product Improvement / Innovation
    R&D/Basic Research
    Shows / Events

    Smithers Predicts Growth for Nonwoven Battery Separators

    CIDPEX Middle East to be Held in September

    Pelsan Tekstil to Add Films Production in North Carolina

    INDA, EDANA Approve Formation of Global Nonwoven Alliance

    Kimberly-Clark Announces Deal with Suzano
    Chart
    Companies
    All Companies
    Categories
    Company Profiles
    Add New Company
    International Buyers Guide Companies
    Valco Melton

    Alliance Machine and Engraving

    ELSNER

    Welspun Global Brands Ltd

    Dukane Center of Excellence for Personal Care, Nonwovens and Packaging
    Brands
    Brand Owners
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • Southeast Asia Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Buyers Guide
      • All Companies
      • Categories
      • Company Profiles
      • Add Your Company
    • Applications
      • Absorbent Core
      • Adult Incontinence
      • Antimicrobials
      • Apparel
      • Automotive and Transportation
      • Chemicals / Adhesives
      • Construction
      • Contract Services
      • Diaper, Baby
      • Electronics
      • Feminine Hygiene
      • Fibers
      • Filtration
      • Flame Retardance
      • Geotextile / Agrotextile
      • Home Products
      • Hygiene Film/Components
      • Industrial / Institutional
      • Inspection / Quality Control
      • Machinery and Equipment
      • Medical
      • Wipes
      • Face Masks
    • Technology
      • Air Through Bonding
      • Airlaid
      • Carded/Carding
      • Chemical Bonded
      • Composite
      • Meltblown
      • Needlepunch
      • Nanotechnology
      • Spunbond
      • Spunlace
      • Thermal Bonded
      • Wetlaid
      • Spunbond/Spunmelt
    • Market
      • China
      • Eastern Europe/Russia
      • India
      • Middle East/North Africa
      • North America
      • Pacific Rim
      • South/Central America
      • Turkey
      • Western Europe
    • Other
      • Associations
      • Contracts / Awards
      • Education
      • Facilities / Capacity
      • Green / Sustainability
      • Legal / Regulatory
      • Market Data
      • Mergers and Acquisitions
      • Product Improvement / Innovation
      • R&D/Basic Research
      • Shows / Events
      • Flushability
    • Top 40 Companies
      • Chart
      • Companies
    • Online Exclusives
    • Slideshows
    • Hygiene Directory
      • Brands
      • Brand Owners
    • Experts Opinions
    • Videos
    • Podcasts
    • Infographics
    • eBook
    • Whitepapers
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
      • Live From Asian Connections
    • Jobs
    • Resources
      • Suppliers Gallery
      • Literature Showcase
      • Web Showcase
      • Home Page Showcase
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Berry to Acquire Clopay

    Clopay will become part of Berry’s Health, Hygiene, and Specialties division

    11.16.17
    Berry Global announced that it has entered into a definitive agreement to acquire the Clopay Plastic Products Company, Inc., a subsidiary of Griffon Corporation, for $475 million in cash on a debt-free, cash-free basis.

    Clopay is a global supplier of printed breathable films as well as an innovator in the development of elastic films and laminates with product offerings uniquely designed for applications used in a number of markets including; hygiene, healthcare, construction and industrial protective apparel. Clopay has nearly 1500 employees with a footprint serving markets across the globe with locations in the United States, Germany, Brazil, and China. Clopay delivered $461 million in sales and $53 million in operating EBITDA for its fiscal year ended September 30, 2017. Berry Global expects annual cost synergies to be approximately $20 million. The purchase price, including its expected cost synergies along with the tax basis step-up value, represents an adjusted EBITDA multiple of below six times.

    “The proposed acquisition of Clopay is directly aligned with our fundamental strategic initiatives,” says Tom Salmon, CEO of Berry. “We are extremely excited with what Clopay’s global capabilities and unique technology platform will add to our organization. The combination of Clopay with Berry’s Health, Hygiene, and Specialties division broadens our position within the faster growing health and hygiene markets. Clopay will bring Berry new capabilities in the production of technical films, where they are a known innovator with patent protected breathable hygiene films.”

    Berry says together the companies will be able to optimize complementary production capacities, reduce material and conversion costs, and better serve customers from an expanded global footprint with a portfolio of products that is one of the most comprehensive in the industry.

    The aquisition will also increase Berry’s position within the faster growing health and hygiene markets using innovative patent protected technologies.

    Berry expects to realize cost synergies in line with previous Berry acquisitions of a similar nature.

    The transaction is expected to be completed in early 2018, subject to customary closing conditions, including applicable regulatory approvals. Berry intends to fund the acquisition with existing liquidity or additional debt offering.
    Related Searches
    • acquisitions
    • breathable
    • global
    • capacities
    Related Knowledge Center
    • Mergers and Acquisitions
    • Hygiene Film/Components
    Suggested For You
    Magnera Magnera
    Elsner Adds to Board Elsner Adds to Board
    Owens & Minor to Acquire Halyard Infection Prevention Business Owens & Minor to Acquire Halyard Infection Prevention Business
    Shandong Ruyi to Acquire Lycra Brand Shandong Ruyi to Acquire Lycra Brand
    Neenah Acquires Dutch Specialty Materials Manufacturer Neenah Acquires Dutch Specialty Materials Manufacturer
    China: The World is Watching China: The World is Watching
    Consistency, Cleanliness and Performance Give Industrial Wipes an Edge Consistency, Cleanliness and Performance Give Industrial Wipes an Edge
    Thrace-Linq Expands SC Operations Thrace-Linq Expands SC Operations
    Berry Completes Center of Excellence Berry Completes Center of Excellence
    Berry Reports Record Sales Berry Reports Record Sales
    Berry Invests in Asia Berry Invests in Asia
    AstenJohnson Buys Foss AstenJohnson Buys Foss' Northern Division
    Berry Joins Fortune 500 Berry Joins Fortune 500
    INDEX ‘17: The Biggest Ever INDEX ‘17: The Biggest Ever
    INDA To Co-Sponsor Asian Nonwovens Symposium INDA To Co-Sponsor Asian Nonwovens Symposium

    Related Buyers Guide Companies

    • Wipes
      Magnera

      Magnera

      ...
      Aimee La Barre, Manager, Sales Support & Global Events 05.13.25

    • Elsner Adds to Board

      Oliver Hoar is former president of R.H. Sheppard Co.
      11.15.17

    • Medical | Mergers and Acquisitions
      Owens & Minor to Acquire Halyard Infection Prevention Business

      Owens & Minor to Acquire Halyard Infection Prevention Business

      Deal will enhance company's portfolio
      11.02.17


    • Hygiene Film/Components | Mergers and Acquisitions

      Shandong Ruyi to Acquire Lycra Brand

      Invista to sell Apparel and Advanced Textiles unit to Chinese firm
      10.30.17

    • Mergers and Acquisitions

      Neenah Acquires Dutch Specialty Materials Manufacturer

      Coldenhove has a leading position in digital transfer media
      10.12.17

    Loading, Please Wait..
    Breaking News
    • EDANA Innovation Forum Held in Paris
    • Lola Partners with Minnesota Lynx
    • Freudenberg to Showcase Advanced Foam Replacement at FOAM Expo
    • Unicharm, Toyota Tshusho Form JV In Kenya
    • Ahlstrom Completes Molecular Filtration Line
    View Breaking News >
    CURRENT ISSUE

    June 2025

    • Fibers Report
    • Household Wipes Market
    • Sustainable Hygiene Products Gain Ground
    • Hygiene Goods Continue to Drive Expansion in Fluff Pulp
    • View More >



    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe

    Latest Breaking News From Nutraceuticals World

    Gattefossé Opens New Facilities in Mumbai, India
    TSI Group Unveils myHMB + Vitamin D Logo
    Indena to Showcase Metabolic, Brain Health Solutions at In-Vitality 2024

    Latest Breaking News From Coatings World

    Hempel Names Anne Ernst as EVP, Head of Strategy & Execution
    Orion S.A. Earns 10 Safety Awards from ICBA
    BCF Leads Industry-Wide Careers Initiative

    Latest Breaking News From Medical Product Outsourcing

    StimLabs's Umbilical Cord-Derived Wound Care Product Released in U.S.
    New Medical-Grade Bio-Based PVC Compounds Introduced
    Croívalve Reports 1st Tricuspid Coaptation Valve Implant in U.S. Feasibility Study

    Latest Breaking News From Contract Pharma

    Neurocrine Bioscience’s CRENESSITY Becomes Commercially Available in the U.S.
    Roche's Parkinson's Disease Drug Misses Primary Endpoint
    PTC Therapeutics Submits Vantiquinone NDA to FDA

    Latest Breaking News From Beauty Packaging

    Weekly Recap: Coty Sells SKKN, Henkel Recall, Awards, & More
    Rare Beauty to Host Pop-Up Event with Sephora UK
    Cloud Haircare Expands to Walmart Stores Nationwide

    Latest Breaking News From Happi

    Cosmetify Names Nikkie de Jager the World’s Most Powerful Beauty Influencer
    Big Lips in the Small Wonder
    L’Oréal’s Bioprinted Skin & Dove’s Deodorant Launch

    Latest Breaking News From Ink World

    BCF Sponsors Parliamentary Event to Engage with Policymakers
    Weekly Recap: DIC Corporation, BASF, Toyo Printing Inks Top This Week’s Stories
    INX International Launches Innova Plus NCF Nitrocellulose-Free Inks

    Latest Breaking News From Label & Narrow Web

    Mexico's Flexopolis adds second Bobst flexo press
    Paramount Labels installs Rotatek Brava 450
    Esko teams with Bobst for smartGRAVURE System

    Latest Breaking News From Nonwovens Industry

    EDANA Innovation Forum Held in Paris
    Lola Partners with Minnesota Lynx
    Freudenberg to Showcase Advanced Foam Replacement at FOAM Expo

    Latest Breaking News From Orthopedic Design & Technology

    David Thordarson Takes Charge of American Orthopaedic Foot & Ankle Society
    UPM Biomedicals Launches FibGel Injectable Nanocellulose Hydrogel for Medical Devices
    ONWARD Medical Attracts €50 Million in Capital

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: DuPont, SEMI, Sun Chemical Top This Week’s Stories
    ORNL’s 3D-Printed Metal Molds Poised to Accelerate US Auto Manufacturing
    SRI, NSIC are Catalyzing Corporate Innovation in Japan

    Copyright © 2025 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login