EVANSVILLE, Ind.--(BUSINESS WIRE)--Feb. 7, 2018--
Yesterday, February 6, 2018, Berry Global Group, Inc. (“Berry”) (NYSE:
BERY), completed the previously announced acquisition of the Clopay
Plastic Products Company, Inc. (“Clopay”) from an affiliate of Griffon
Corporation (NYSE:GFF) 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 United States,
Germany, Brazil, and China.
“We are extremely excited to complete the acquisition of Clopay and to
welcome the Clopay team to our organization,” said 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.”
Berry Global Group, Inc. (NYSE:BERY), headquartered in Evansville,
Indiana, is committed to its mission of ‘Always Advancing to Protect
What’s Important,’ and proudly partners with its customers to provide
them with value-added customized protection solutions. The Company is a
leading global supplier of a broad range of innovative non-woven,
flexible, and rigid products used every day within consumer and
industrial end markets. Berry, a Fortune 500 company, generated $7.1
billion of sales in fiscal 2017. For additional information, visit
Berry’s website at www.berryglobal.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180207005112/en/
Source: Berry Global Group, Inc.
Berry Global Group, Inc.
Eva Schmitz, 812-306-2424