11.20.17
Making it a one-stop shop for many of the world’s biggest hygiene companies, Berry Global announced last week it had signed a definitive agreement to acquire Clopay Plastic Products, a maker of breathable and non-breathable films and laminates, for $475 million in cash.
The proposed acquisition of Clopay is directly aligned with our fundamental strategic initiatives,” saysTom 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.”
Salmon fielded a number of questions related to the proposed acquisition during the company’s fourth quarter and fiscal year earnings call last week, the same day the Clopay deal was anno
The proposed acquisition of Clopay is directly aligned with our fundamental strategic initiatives,” saysTom 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.”
Salmon fielded a number of questions related to the proposed acquisition during the company’s fourth quarter and fiscal year earnings call last week, the same day the Clopay deal was anno
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