EVANSVILLE, Ind.--(BUSINESS WIRE)--
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.”
About Berry
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.
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