02.07.18
Berry Global Group, Inc. completed the previously announced acquisition of the Clopay Plastic Products Company, Inc. 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 1,500 employees with a footprint serving markets across the globe through locations in the US, Germany, Brazil and China.
“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,” said Tom Salmon, chairman and CEO of Berry.
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 1,500 employees with a footprint serving markets across the globe through locations in the US, Germany, Brazil and China.
“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,” said Tom Salmon, chairman and CEO of Berry.