Berry Group acquired Clopay from Griffon Corp for $475m,

Berry Group acquired Clopay, a global supplier of printed breathable films as well as an innovator in the development of elastic films and laminates, from Griffon Corp, a multinational conglomerate headquartered in New York City, for $475m. “The proposed acquisition of Clopay is directly aligned with our fundamental strategic initiatives,” said Tom Salmon, CEO of Berry. “We are extremely excited with what Clopay’s global capabilities and unique technology platform will add to our organization. The combination of Clopay with Berry’s Health, Hygiene, and Specialties division broadens our position within the faster growing health and hygiene markets. Clopay will bring Berry new capabilities in the production of technical films, where they are a known innovator with patent protected breathable hygiene films.”