M&A Deal Summary

Berry Global Acquires Clopay Plastic Products

On November 16, 2017, Berry Global, Inc. acquired plastics company Clopay Plastic Products Co. from Griffon Corp. for 475M USD

Acquisition Highlights
  • This is Berry Global’s 6th transaction in the Plastics sector.
  • This is Berry Global’s 4th largest (disclosed) transaction.
  • This is Berry Global’s 9th transaction in the United States.
  • This is Berry Global’s 2nd transaction in Ohio.

M&A Deal Summary

Date 2017-11-16
Target Clopay Plastic Products Co.
Sector Plastics
Buyer(s) Berry Global, Inc.
Sellers(s) Griffon Corp.
Deal Type Divestiture
Deal Value 475M USD

Target

Clopay Plastic Products Co.

Mason, Ohio, United States
website
Clopay Plastic Products Co. is a provider 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 Plastic Products Co. was established in 1859 and is based in Mason, Ohio.

Search 171,334 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Berry Global, Inc.

Evansville, Indiana, United States

website


Category Company
Founded 1967
SectorPlastics
Employees47,000
Revenue 11.7B USD (2020)
DESCRIPTION

Berry is a manufacturer and marketer of plastic packaging products for personal care, household, industrial and transportation markets. Berry was established in 1967 and is based in Evansville, Indiana.


DEAL STATS #
Overall 12 of 14
Sector (Plastics) 6 of 8
Type (Divestiture) 2 of 2
State (Ohio) 2 of 2
Country (United States) 9 of 10
Year (2017) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-25 AEP Industries, Inc.

Montvale, New Jersey, United States

AEP Industries, Inc. is a manufacturer, marketer, and distributor of flexible plastic packaging products for the consumer, industrial, and agricultural market.

Buy $765M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-27 Laddawn, Inc.

Devens, Massachusetts, United States

Laddawn, Inc. is a manufacturer of blown polyethylene bags and films with a unique-to-industry e-Commerce sales platform. Laddawn was founded in 1976 and is based in Devens, Massachusetts.

Buy -

Seller(S) 1

SELLER

Griffon Corp.

New York, New York, United States

website


Category Company
Founded 1959
SectorBuilding Materials
Employees7,400
Revenue 2.4B USD (2020)
DESCRIPTION

Griffon is a diversified manufacturing firm. Its primary divisions include, Home and Building Products, Clopay Plastics Products, and Telephonics Corporation. Griffon founded in 1959 and is based in New York, New York.


DEAL STATS #
Overall 1 of 3
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 3
State (Ohio) 1 of 1
Country (United States) 1 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 ClosetMaid Corp.

Ocala, Florida, United States

ClosetMaid Corp. is a provider of home storage and organization products. ClosetMaid was founded in 1965 and is based in Ocala, Florida.

Buy $260M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 System Engineering Group, Inc.

New York, New York, United States

System Engineering Group provides sophisticated technical, physics-based analysis and engineering support to the U.S. Armed Services, specializing in characterizing and helping counter the effects of advanced threat missiles to U.S. defensive systems. SEG currently employs 110 highly-skilled personnel in Columbia, MD, two-thirds of which hold advanced degrees concentrated in the fields of aerospace, mechanical and electrical engineering, math, and physics.

Sell -