02.07.18
On February 6, Berry Global completed the previously announced acquisition of the Clopay Plastic Products Company from an affiliate of Griffon Corporation for a purchase price of $475 million, subject to post-closing adjustment for working capital and certain other items.
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 through locations in the U.S., Germany, Brazil, and China.
“We are extremely excited to complete the acquisition of Clopay and to welcome the Clopay team to our organization,” says Tom Salmon, Chairman and CEO of Berry. “The combination of Clopay with our Heath, Hygiene, & Specialties division strengthens our position within the attractive health and hygiene markets and broadens our presence as a global supplier to many of the leading consumer and industrial product manufacturers which we already serve. We continue to be excited about our new capabilities in the production of technical and innovative, patent protected, breathable hygiene films.”
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 through locations in the U.S., Germany, Brazil, and China.
“We are extremely excited to complete the acquisition of Clopay and to welcome the Clopay team to our organization,” says Tom Salmon, Chairman and CEO of Berry. “The combination of Clopay with our Heath, Hygiene, & Specialties division strengthens our position within the attractive health and hygiene markets and broadens our presence as a global supplier to many of the leading consumer and industrial product manufacturers which we already serve. We continue to be excited about our new capabilities in the production of technical and innovative, patent protected, breathable hygiene films.”
