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Lakeville, Minnesota, June 29, 2010 — Ryt-way Industries LLC (“Ryt-way”) has acquired from Cloud Holdings LLC the food and beverage contract packaging and equipment manufacturing businesses of Cloud Packaging Solutions consisting of the three companies of Cloud Packaging Services (“Cloud PS”), Cloud Equipment Company and Toll Packaging Services (“Toll”).
The combination of the four businesses will create one of North America’s leading contract packaging companies with approximately $200 million of combined revenues across six facilities, and long-term relationships with many of North America’s leading consumer packaged goods food companies. Following the acquisitions, Ryt-way will offer its customers a broad suite of packaging options, technological advantages, and category expertise for the packaging of a broad number of dry foods including cereals, prepared meals, snacks, sweeteners, side dishes, desserts, dried fruit, nutraceuticals, and pet foods.
Ryt-way, headquartered in Lakeville, Minnesota, is a leading contract packager of dry food products such as ready-to-eat cereals, prepared meals, side dishes, beverages and sweeteners.
David Finch, CEO of Ryt-way, said, “By bringing these companies together we will be better positioned to offer each of our customers more comprehensive solutions in contract packaging, new product commercialization, and innovation. Each company brings to the table a strong set of competencies, excellent people, and proven industry know-how. Each is a respected leader in their industry segment.”
Cloud Packaging Services, based in Des Plaines, Illinois, is a leader in high-speed, flexible film contract packaging. Cloud Equipment Company, based in Des Plaines, Illinois, is the premier manufacturer of high-speed packaging equipment for packet, pouch, and thermoforming applications. Toll Packaging, based in Gibson City, Illinois, is a leader in mid-speed, flexible packaging systems for both pet and human foods. All three companies serve leading consumer packaged goods companies.
“All four companies have long-standing customer relationships and excellent reputations for quality and service,” David Finch commented. “We are very excited about the opportunity to work with the people at all the companies. Combined, we are bringing together a tremendous amount of talent and know-how for our customers and industry.”
