M&A Deal Summary

Berry Acquires Clopay Plastic Products

On November 16, 2017, Berry acquired plastics company Clopay Plastic Products from Griffon for 475M USD

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

M&A Deal Summary
Date 2017-11-16
Target Clopay Plastic Products
Sector Plastics
Buyer(s) Berry
Sellers(s) Griffon
Deal Type Divestiture
Deal Value 475M USD

Target

Clopay Plastic Products

Mason, Ohio, United States
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.

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Buyer(S) 1

Buyer

Berry

Evansville, Indiana, United States
Category Company
Founded 1967
Sector Plastics
Employees44,000
Revenue 12.7B USD (2023)
DESCRIPTION
Berry's corporate headquarters in Evansville, Indiana.
Berry's corporate headquarters in Evansville, Indiana.

Berry is a manufacturer and marketer of plastic packaging products for personal care, household, industrial, and transportation markets. Berry was incorporated 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

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

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

New York, New York, United States
Category Company
Founded 1959
Sector Diversified
Employees7,400
Revenue 2.7B USD (2023)
DESCRIPTION

Griffon is a diversified manufacturing firm operating divisions include, home and building products, clopay plastics products, and telephonics corporation. Griffon was 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

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

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 -
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