Berry Global completes acquisition of Clopay from Griffon Corporation
EVANSVILLE, IN, February 9, 2018-
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.
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